TR-1: Notification of major interest in shares

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Polymetal International plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

V

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Mr. Petr Kellner

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

Fodina B.V.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

09/06/2017

6. Date on which issuer notified:

09/06/2017

7. Threshold(s) that is/are crossed orreached: vi, vii

4%, 5% (for voting rights attached to shares)

8%, 9% (for Qualifying Financial Instruments)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

JE00B6T5S470

13,476,539

23,240,356

5.40%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Sale and repurchase agreements

29/1/2018

31,350,048

7.29%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

54,590,404

12.69%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Fodina B.V.´s holding in Polymetal International plc is 5.40%. Fodina B.V.´s holding in Polymetal International plc pursuant to sale and repurchase agreements is 7.29%.

PPF Group N.V.´s direct holding in Fodina B.V. is 100%

Petr Kellner´s direct holding in voting rights in PPF Group N.V. is 84.63% and indirect holding in voting rights in PPF Group N.V. is 14.30%

PPF Holdings B.V. direct holding in voting rights in PPF Group N.V. is 14.30%; PPF Holdings Sàrl´s direct holding in PPF Holdings B.V. is 100%; Petr Kellner´s direct holding in PPF Holdings Sàrl is 100%

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Lubomír Král

15. Contact telephone number:

+420 224 174 067