Polyus : priced 20 Billion Rouble Bonds Issue

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Members of the general public are not eligible to take part in the sale. In member states of the European Economic Area ('EEA') (each, a 'Relevant Member State'), this announcement and any offer, if and when made, is sent and addressed to and directed only at persons who are 'qualified investors' within the meaning of the Prospectus Regulation (Regulation 2017/1129/EU, as amended or superseded) ('Qualified Investors'). In the United Kingdom this notice is sent and distributed to and directed exclusively at Qualified Investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 'Order') or (ii) who fall within Article 49(2)(A) to (D) of the Order, or (iii) to whom it may otherwise lawfully be communicated, and the securities will only be available to, and any investment activity to which this announcement relates will only be engaged in with, such persons and it should not be relied on by anyone other than such persons.

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Press Release

PJSC Polyus (LSE, MOEX - PLZL) ('Polyus', the 'Company') has priced an issuance of 10-year rouble-denominated bonds with a put option in five years at a coupon rate of 7.40% per annum. The nominal value of bonds is 20 billion roubles.

The settlement date is 14 October 2019.

The Company intends to use proceeds from the issue primarily for debt refinancing and other general corporate purposes.

Polyus

Polyus is the largest gold producer in Russia and one of the top five gold miners globally with the lowest cost position. Based on its 2018 Ore Reserves and Mineral Resources, Polyus group ranks third by attributable gold reserves among the world's largest gold mining companies.

The Polyus group's principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Enquiries

Investor contact
Victor Drozdov, Director Investor Relations
[phone]
[e-mail]

Media contact
Victoria Vasilyeva, Director Public Relations
[phone]
[e-mail]

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.