IRC Limited announced that Denis Alexandrov and Aleksei Kharitontsev, Petropavlovsk's nominees to the board of directors of the Company (the "Board") have both resigned as non- executive directors of the Company with effect from 8 December 2021. At the same time, Alexandrov has resigned as a member of the Audit Committee and the Health, Safety and Environment Committee of the Company, and Kharitontsev has resigned as a member of the Remuneration Committee of the Company. Alexandrov and Kharitontsev have resigned as a result of Petropavlovsk disposing of its stake in the Company.