TR-1 Notification of Major Interest in Shares

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Petropavlovsk PLC

Company Number: 4343841

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

√

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 Andrey Vdovin

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

Vailaski Holding Limited

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

26 April 2017

6. Date on which issuer notified:

2 May 2017

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

3%

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

GB0031544546

131,830, 466

4.02%

Below 3%

Below 3%

Below 3%

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

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

Below 3%

Below 3%

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

Mr Andrey Vdovin controlled the voting rights over Petropavlovsk PLC shares and had a put and call option in relation to mentioned Petropavlovsk PLC shares through Vailaski Holding Limited. Following the disposal of shares by Vailaski Holding Limited the exposure of Mr Andrey Vdovin in relation to mentioned put and call option has fallen below 3%.

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:

Valeria Selivanova

15. Contact telephone number:

+7 495 231 11 24

Note: Annex should only be submitted to the FCA not the issuer

Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Andrey Vdovin

Contact address

(registered office for legal entities)

Bld. 1, Leontievsky lane, 21/1, Moscow, Russia

Phone number & email

+74952311124; [email protected]

Other useful information

(at least legal representative for legal persons)

Valeria Selivanova

B: Identity of the notifier, if applicable

Full name

Valeria Selivanova

Contact address

Bld. 1, Leontievsky lane, 21/1, Moscow, Russia

Phone number & email

+74952311124; [email protected]

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

Legal representative

C: Additional information

For notes on how to complete form TR-1 please see the FCA website.