Update on LSE listing

Press Release 13 May 2022

Update on LSE listing

PJSC Polyus (LSE, MOEX: PLZL) ("Polyus", or the "Company") announces that the Company obtained a permission from the Government Commission on Monitoring Foreign Investment in the Russian Federation to continue its depositary receipts programs ("DR programs").

The permission covers all the outstanding DR programs, including Regulation S GDSs (ISIN: US73181M1172), Rule 144A GDSs (ISIN: US73181M1099) and Level I ADSs (ISIN: US73181P1021), listed on the London Stock Exchange under the trading symbols "PLZL", "PLZA" and "PLZB", respectively.

The permission granted implies that provisions of Federal Law No. 114-FZ of April 16, 2022 requiring Russian issuers to terminate their depositary receipts programs (came into force on April 27, 2022) do not apply to the Company.

Polyus will separately evaluate listing options on stock exchanges in other jurisdictions.

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 Department

+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.