Preliminary EGM results

OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), an international company, Russia's leading gold producer, today announced preliminary results of the Extraordinary general shareholders' meeting (EGM) that was held by absentee vote on August 24, 2010.

In accordance with the preliminary results, the Extraordinary General shareholders' meeting of OJSC Polyus Gold has resolved to declare interim dividend upon the results of 1st half of 2010 in the amount of RUR 8.52 per ordinary share of OJSC Polyus Gold.

It has been further resolved that dividends shall be paid within 60 days of the date of the resolution by bank and postal money transfers.

The EGM results will be duly finalized and disclosed under the requirements of the Federal law "On Joint-Stock Companies".

OJSC Polyus Gold is an international company, Russia's leading gold producer and one of the world's largest gold mining companies in terms of market capitalization, mineral reserves base and output. The Company's international asset portfolio includes ore and alluvial deposits in the Krasnoyarsk Territory, the Irkutsk, Magadan and Amur Regions, the Republic of Sakha (Yakutia), as well as in the Republic of Kazakhstan and Romania. Gold production of OJSC Polyus Gold totaled 1,3 k oz in 2009.

For further information please contact: Anton A. Arens, PR Director +7 (495) 641-3365 +7 (495) 544-5496[email protected] 

Alexey V. Chernushkin, Director, CM and IR Evguenia V.Buydina, IR manager +7 (495) 641-3377 +7 (495) 785-4031 [email protected]