Public Joint Stock Polyus : 23.06.2020_The holding of the issuer's general meeting and the resolutions adopted

Notice of Material Fact

The holding of the issuer's general meeting and the resolutions adopted

1. General

• 1.1. The Issuer's full company name

• 1.2. The Issuer's abbreviated company name

  Public Joint Stock Company "Polyus" PJSC "Polyus"

• 1.3. The Issuer's location

• 1.4. The Issuer's OGRN

• 1.5. The Issuer's INN

• 1.6. The Issuer's unique code assigned by the registration authority

  Moscow, Russian Federation 1068400002990 7703389295 55192-Е

• 1.7. Address of the Internet web page used by the Issuer for information disclosure

http://www.polyus.com,http://www.e-disclosure.ru/portal/company.aspx?id=7832

1.8.

Date of occurrence of the event (material fact) on which the report in question was made up (if relevant)

23 June 2020

2. Content of notice

This notice may not be published, released or distributed (directly or indirectly) in the USA, Australia, Canada, Japan or other jurisdiction where offers or sales are prohibited by law. The dissemination of this communication may be restricted or limited by law in certain jurisdictions, and persons who may come into possession of any document or details mentioned or contained herein must review and comply with all such restrictions and limitations. Any non-compliance with such restrictions and limitations can be construed as a breach of securities laws in the jurisdiction involved.

This notice is not a full or partial offer of or invitation to purchase or subscribe to shares extended to any person in the USA, Australia, Canada, Japan or any other jurisdiction where such offer or invitation is illegal. The shares may not be offered or sold in the USA, unless registered pursuant to the US Securities Act of 1933, as amended and supplemented ("Securities Act"), or will be offered as part of a deal not subject to the registration requirements imposed by the Securities Act. The offer described herein is made in respect of foreign corporate securities, and the offer and sale of the shares specified herein have not been and will not be registered pursuant to the Securities Act or the applicable securities laws of Australia, Canada or Japan. The offer described herein is subject to a foreign jurisdiction's disclosure requirements that are different from those in effect in the USA. The issuer's financial statements have been prepared in compliance with foreign accounting standards and can be incompatible with the financial statements of US companies. You can have problems with forced sale or exercise of your rights and obligations that you may acquire pursuant to the US federal securities legislation because the issuer is based in a foreign jurisdiction and some or all of its executive officers and directors can be residents of a foreign country. You may be unable to file a claim against a foreign company or its executive officers and directors with a foreign court for a breach of US securities legislation. You may find it difficult to enforce a US judgment against a foreign company and its affiliates.

This is not a public offer to sell. In the member states of the European Economic Area and the United Kingdom, this notice and any possible subsequent offer are exclusively addressed to "qualified investors" acting for their own account within the meaning of the Prospectus Directive (Directive 2017/1129/ЕС, as amended and supplemented) ("Qualified Investors"). In the United Kingdom, this notice is distributed only to, and directed only at, Qualified Investors who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2005 (Financial Promotion) Order 2000 (as amended) (the "Order"), or (ii) persons falling within Article 49(2) (А) to (D) of the Order, or (iii) those to whom this notice can be given legally; this being the case, any investment activity covered hereby may only be undertaken, and shares may only be offered and sold, by such persons who are solely entitled to rely hereon.

THIS NOTICE AND THE DISCLOSURES MADE HEREIN ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE A FULL OR PARTIAL OFFER OR INVITATION TO PURCHASE OR ALIENATE SECURITIES IN ANY JURISDICTION, INCLUDING THE USA, AUSTRALIA, CANADA AND JAPAN.

• 2.1. Type of the issuer's general meeting (annual (scheduled), extraordinary): Extraordinary.

• 2.2. Format of the issuer's general meeting (meeting (joint attendance) or voting by correspondence): Voting by correspondence.

• 2.3. Date, place and time of general meeting of the issuer's shareholders: The deadline for submittal of voting forms: 22 June 2020.

• 2.4. Quorum for the general meeting of the issuer's shareholders:

  The number of votes held by the persons attending the general meeting on the agenda item corresponded to 86.7151% of the number of votes held by the persons included on the list of those entitled to attend the general meeting. A quorum was present for the agenda item.

• 2.5. Agenda for the general meeting of the issuer's shareholders:

  Increasing the charter capital of PJSC Polyus through a secondary issue by private offering.

• 2.6. The results of voting on items on the agenda general meeting of the issuer, for which a quorum was present, and the wordings of resolutions adopted by the general meeting of the issuer on the above items:

  Results of voting on the agenda item: "Increasing the charter capital of PJSC Polyus through a secondary issue by

private offering":

FOR 106,974,847 and 45500000/133561119 AGAINST 9,250,323

ABSTAIN 196,629

The wording of the resolution adopted by the general meeting of the issuer's shareholders on the only item on the agenda: "Increase the charter capital of Public Joint-Stock Company Polyus (hereinafter referred to as "Company") by floating 3,130,000 (Three Million, One Hundred and Thirty Thousand) additional registered ordinary uncertified shares with a par value of 1 (One) rouble for the nominal amount of the secondary issue (hereinafter referred to as "Shares"). The offering of Shares shall be made on the following terms and conditions:

• • number of Shares to be placed: 3,130,000 (Three Million, One Hundred and Thirty Thousand);

• • method of floatation of Shares: private offering;

• • offer price of Shares (including for the exercise of pre-emption rights on Shares): to be determined by the Company's Board of Directors on or before the offering date of Shares;

• • terms of payment for offered Shares: in legal tender of the Russian Federation by credit transfer to the Company's transactional account;

• • offerees of Shares: Joint-Stock Company Polyus Krasnoyarsk, OGRN [Primary National Registration Number]: 1022401504740".

• 2.7. Date and reference number of the minutes of the issuer's general meeting: 23 June 2020, No 01-20/OSA.

• 2.8. Identification attributes of the shares whose holders are entitled to attend the general meeting of the issuer: Ordinary shares in PJSC Polyus, national registration number of securities issue 1-01-55192-E, date of public registration 27 April 2006; ISIN RU000A0JNAA8.

3. Signature

3.1.

Polyus PJSC Agent under Power of Attorney

A.A. Vostokov

(signature)

3.2. Date

23

June

2020

Stamp