Polyus Zoloto : Preliminary results of annual general meeting of shareholders

Press Release

PJSC Polyus Gold

PJSC Polyus Gold (MOEX - PLZL) ('Polyus Gold', the 'Company'), the largest gold producer in Russia, releases today the preliminary results of its annual general meeting of shareholders, which was held in Moscow on 5 April 2016.

According to the preliminary results, the following resolutions were passed:

• To approve Polyus Gold's annual report and annual accounting statements, including the Company's P&L statement for 2015.
• Not to distribute Polyus Gold's income for 2015 and not to pay dividends for 2015.
• To elect the following individuals to the Board of Directors of Polyus Gold:

1. Ms. Anastasia Galochkina
2. Mr. Pavel Grachev
3. Mr. Edward Dowling
4. Ms. Gulnara Kerimova
5. Mr. Said Kerimov
6. Mr. Kent Potter
7. Mr. Vladimir Polin
8. Mr. Mikhail Stiskin
9. Mr. William Champion

• To elect the following individuals to the Audit Committee of Polyus Gold:

1. Mr. Yury Borschik
2. Ms. Anna Lobanova
3. Mr. Daniil Chirva
4. Mr. Alexey Shaymardanov
5. Mr. Evgeny Yaminsky

• To approve FinExpertiza LLC as Polyus Gold's auditor for 2016.
• To approve the new version of Polyus Gold's Articles of Association.
• To approve the new version of the Regulations on Polyus Gold's General Shareholders Meeting.
• To approve the new version of the Regulations on Polyus Gold's Board of Directors.
• To approve the new version of the Regulations on Polyus Gold's Auditing Commission.
• To determine the remuneration and compensation procedure for the Board of Directors of Polyus Gold.

These are the preliminary results and the final results of Polyus Gold's annual general meeting of shareholders will be released in accordance with the Russian Federal Law 'On Joint Stock Companies'.

Enquiries:

Investor contact

Sergey Krivokhizhin, Director Investor Relations

[phone] [e-mail]

Media contact

Artem Gorbachev, Press Secretary

[phone] [e-mail]

Forward looking statement

This announcement may contain 'forward-looking statements' concerning Polyus Gold and/or Polyus Gold 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 Gold's and/or Polyus Gold group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus Gold's and/or Polyus Gold 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 Gold and/or any Polyus Gold 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.