Polymetal: TR-1 Notification (Fodina)

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Polymetal International plc

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

X

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

X

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

Mrs. Renáta Kellnerová

City and country of registered office (if applicable)

Vrané nad Vltavou, Czech Republic

4. Full name of shareholder(s) (if different from 3.)v

Name

Fodina B.V.

City and country of registered office (if applicable)

Amsterdam, The Netherlands

5. Date on which the threshold was crossed or reachedvi:

18/05/2021

6. Date on which issuer notified (DD/MM/YYYY):

02/06/2021

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

2.231

1.115

3.346

(15,846,598 shares)

473,556,152

Position of previous notification (if

applicable)

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

PPF Holdings B.V.

0.319

0.159

0.478

PPF Group N.V.

2.231

1.115

3.346

Fodina B.V.

2.231

1.115

3.346

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Mr. Petr Kellner, a previous ultimate controlling person, passed away. Mrs. Renáta Kellnerová (decedent's wife) has been appointed as an administrator of decedent's estate. The appointment resolution was delivered (to Mrs. Renáta Kellnerová) and provisionally enforceable on May 18, 2021, and it came into legal force on May 28, 2021.

Place of completion

Prague

Date of completion

02/06/2021