PJSC Polyus reports acquisition of shares

Press Release 4 March 2022

PJSC Polyus reports acquisition of sharesunder the buyback programme

PJSC Polyus (LSE, MOEX - PLZL) ("Polyus" or the "Company") announces that its wholly-owned subsidiary Polyus Service LLC acquired a total of 69,564 Company's ordinary shares pursuant to the Company's buyback programme announced on 31 January 2022 ("Programme").

The shares were purchased by Polyus Service LLC during the period from 28 February 2022 to 1 March 2022 as a result of transactions earlier executed on the Moscow Exchange by a broker engaged by Polyus Service LLC.

Since the launch of the Programme Polyus Service LLC has acquired a total of 69,564 Polyus' ordinary shares.

The Company was notified by Polyus Service LLC of the acquisition on 4 March 2022.

Polyus

Polyus is the world's fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Investor and Media contact

Victor Drozdov

Director Communications & Investor Relations (CIR)

+7 (495) 641 33 77

[email protected] 

Forward looking statements

This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.

This document does not constitute or form part of an invitation or inducement to engage in investment activity with, or any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of, the Company, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of, or any investment in, the Polyus group