A new composition of Polyus Gold's Board of Directors has been set forth in the new version of the Regulations on the Board of Directors, which were approved at the company's annual general meeting of shareholders held on 5 April 2016. The new Board comprises of nine members, including three representatives of the controlling shareholder (Ms. Anastasia Galochkina, Mr. Said Kerimov, and Ms. Gulnara Kerimova), three representatives of Polyus Gold group management (Mr. Pavel Grachev, CEO of Polyus Gold, Mr. Vladimir Polin, CEO of JSC Polyus (the Polyus Gold group's operating company), Mr. Mikhail Stiskin, Senior Vice President for Finance and Strategy), and three independent directors. The following independent directors were elected to the Board: Mr. Edward Dowling, who served on the Board of Polyus Gold International Limited between 2013 and 2015 and headed its Health, Safety and Environment Committee; Mr. Kent Potter, who worked at Chevron for over 25 years, holding a variety of senior positions, before being appointed as CFO of TNK-BP.

Mr. Potter is currently a Board member of both EuroChem Group AG and SUEK Plc and Mr. William Champion, who spent over 12 years at Rio Tinto, where he was responsible for the Group's diamond mining operations and Australian coal business. Mr. Champion currently sits on the Board of the Peru-based mining company, Compania de Minas Buenaventura S.A.A.