Polyus : Quarterly report 3Q 2020

December 28, 2020 at 04:11 am EST

ISSUER'S REPORT

(QUARTERLY REPORT)

Public Joint-Stock Company Polyus

Issuer's Code: 55192-E

for Quarter 3 of 2020

Issuer's Address: Russian Federation 123056 Moscow, ul. Krasina 3, office 801, Building 1

The information contained in this Quarterly Report is subject to disclosure in accordance with the laws of the

Russian Federation on securities

PJSC Polyus General Director

Date: 16 November 2020

Senior Specialist of Department for Accounting and Tax Reporting Generation of Polyus Multifunctional Center LLC

Power of Attorney No. 41/D(Д)-PZ(ПЗ)/18-PP(ПП)02 valid from 29.05.2018

Date: 16 November 2020

____________ P.S. Grachev

signed

____________ N.V. Sigida

signed stamp here

Contact Person: Openkina, Anastasiya Leonidovna, Corporate Secretary, PJSC Polyus

Tel.: +7 (495) 641-3377

Fax: +7 (495) 785-4590

E-mail:corporate@polyus.com

Web page(s) where the information contained in this Quarterly Report is disclosed: www.polyus.com,www.e-

disclosure.ru/portal/company.aspx?id=7832

CONTENTS
Introduction ........................................................................................................................................................................	5
Section I. Data on the Issuer's Bank Accounts, Auditor (Audit Organization), Appraiser, and Financial
Consultant; and Also on the Signatories to this Report of the Issuer (Quarterly Report) ...................................................	6
1.1. Data on the Issuer's Bank Accounts .......................................................................................................................	6
1.2. Data on the Issuer's Auditor (Audit Organization) ..................................................................................................	6
1.3. Data on the Issuer's Appraiser(s) .............................................................................................................................	9
1.4. Data on the Issuer's Consultants..............................................................................................................................	9
1.5. Data on the Signatories to this Report of the Issuer (Quarterly Report) ..................................................................	9
Section II. Core Information on the Issuer's Financial/Economic Situation.......................................................................	9
2.1. Indices of the Issuer's Financial/Economic Performance .......................................................................................	9
2.2. The Issuer's Market Capitalization ........................................................................................................................	10
2.3. The Issuer's Liabilities...........................................................................................................................................	10
2.3.1. Borrowed Funds and Accounts Payable..............................................................................................................	10
2.3.2. The Issuer's Credit History .................................................................................................................................	11
2.3.3. The Issuer's Liabilities under Security Provided by the Issuer...........................................................................	13
2.3.4. The Issuer's Other Liabilities..............................................................................................................................	14
2.4. Risks Related to Acquisition of Issued Securities Placed / Being Placed ..............................................................	14
2.4.1. Branch Risks.......................................................................................................................................................	15
2.4.2. Country and Regional Risks ...............................................................................................................................	15
2.4.3. Financial Risks....................................................................................................................................................	15
2.4.4. Legal Risks .........................................................................................................................................................	16
2.4.5. Risk of Loss of Good Will (Reputational Risk) ..................................................................................................	16
2.4.6. Strategy Risk.......................................................................................................................................................	16
2.4.7. Risks Related to the Issuer's Activities...............................................................................................................	16
2.4.8. Banking Risks.....................................................................................................................................................	19
Section III. Detailed Information on the Issuer.................................................................................................................	20
3.1. The Issuer's Creation History and Evolution.........................................................................................................	20
3.1.1. Data on the Issuer's Company Name / Name .....................................................................................................	20
3.1.2. Data on the Issuer's State Registration ...............................................................................................................	20
3.1.3. Data on the Issuer's Establishment and Development ........................................................................................	20
3.1.4. Contact Information............................................................................................................................................	20
3.1.5. Taxpayer's ID Number (INN).............................................................................................................................	21
3.1.6. The Issuer's Branches and Representation Offices.............................................................................................	21
3.2. The Issuer's Main Business Line ...........................................................................................................................	21
3.2.1. The Issuer's Major Economic Sectors ................................................................................................................	21
3.2.2. The Issuer's Main Business Line ........................................................................................................................	21
3.2.3. The Issuer's Initial/Raw Materials and Suppliers ...............................................................................................	22
3.2.4. Market Outlets for the Issuer's Products/Works/Services...................................................................................	22
3.2.5. Data on Permissions/Licenses or Admissions to Certain Activities in Possession of the Issuer.........................	23
3.2.6. Data on the Activities of Certain Categories of Issuers ......................................................................................	23
3.2.7. Additional Information on Issuers Whose Core Activities Consist in Extraction of Minerals............................	23
3.2.8. Additional Information on Issuers Whose Core Activities Consist in the Provision of
Communications Services...........................................................................................................................................	164
3.3. The Issuer's Plans of Future Activities ................................................................................................................	165
3.4. The Issuer's Participation in Banking Groups, Banking Holdings, Holdings and Associations ..........................	167
3.5. Controlled Entities of the Issuer Having Substantial Significance for the Issuer's Activities .............................	167

3.6. Composition, Structure and Value of the Issuer's Fixed Assets; Information on Plans for Acquisition, Replacement, Retirement of Fixed Assets, as well as on All Facts of Encumbrance of

the Issuer's Fixed Assets.............................................................................................................................................	170
Section IV. Data on the Issuer's Financial and Economic Performance .........................................................................	171
4.1. Results of the Issuer's Financial and Economic Activities ..................................................................................	171
4.2. The Issuer's Liquidity, Adequacy of Capital and Circulating Assets ...................................................................	172
4.3. The Issuer's Financial Investments......................................................................................................................	173
4.4. The Issuer's Intangible Assets..............................................................................................................................	173
4.5. Information on the Issuer's Policy and Expenses in the Sphere of Scientific and Technical
Development, as Well as on Licenses and Patents, New Developments and Research ..............................................	173
4.6. Analysis of Development Trends in the Issuer's Main Business Sphere .............................................................	173

4.7. Analysis of Factors and Conditions Affecting the Issuer's Performance .............................................................	174
4.8. The Issuer's Competitors .....................................................................................................................................	176
Section V. Detailed Data on Persons Making Up the Issuer's Management Bodies, the Issuer's Bodies
Overseeing Its Financial and Economic Activities; Brief Data on the Issuer's Employees (Staff
Members)........................................................................................................................................................................	176
5.1. Information on the Structure and Competence of the Issuer's Management Bodies ...........................................	176
5.2. Information on Persons Making Up the Issuer's Management Bodies................................................................	176
5.2.1. Membership of the Issuer's Board of Directors (Supervisory Board) ..............................................................	176
5.2.2. Information on the Issuer's Sole Executive Body.............................................................................................	186
5.2.3. Membership of the Issuer's Collegiate Executive Body...................................................................................	187
5.3. Information on the Size of Remuneration and/or Reimbursement of Expenses of Each of the
Issuer's Management Bodies ......................................................................................................................................	187
5.4. Information on the Structure and Competence of the Bodies Overseeing the Issuer's Financial
and Business Activities, as well as on the Risk Management and Internal Control System .......................................	187
5.5. Information on Persons Making up the Bodies Overseeing the Issuer's Financial and Business
Activities.....................................................................................................................................................................	187
5.6. Information on the Size of Remuneration and/or Reimbursement of Expenses of the Body
Overseeing the Issuer's Financial and Economic Activities .......................................................................................	189
5.7. Information on the Number and Generalized Data of the Composition of the Issuer's Employees
(Staff Members), and on Variations in the Number of the Issuer's Employees (Staff Members) ...............................	189
5.8. Information on Any of the Issuer's Obligations to Employees (Staff Members) Related to Their
Ability to Participate in the Issuer's Charter Capital ..................................................................................................	190
Section VI. Information on the Issuer's Participants (Shareholders) and on Interested-Party
Transactions Consummated by the Issuer.......................................................................................................................	190
6.1. Information on the Total Number of the Issuer's Shareholders (Participants).....................................................	190

6.2. Information on the Issuer's Participants (Shareholders) Owning Minimum 5 Per Cent. of the Issuer's Charter Capital or Minimum 5 Per Cent. of Ordinary Shares in the Issuer, as well as Information on the Persons/Entities Controlling Such Participants (Shareholders), and in Case of Non-Existence of Such Persons/Entities, Information on Their Participants (Shareholders) Owning Minimum 20 Per Cent. of the Charter Capital Thereof or Minimum 20 Per Cent. of Ordinary Shares

Therein........................................................................................................................................................................	190
6.3. Information on the Participation Interest of the Government or Municipal Entity in the Issuer's
Charter Capital and on Existence of Special Right ("Golden Share") ........................................................................	191
6.4. Information on Restrictions to Participation in the Issuer's Charter Capital .......................................................	191

6.5. Information on Changes in the Composition of the Issuer's Shareholders (Participants) Owning Minimum 5 Per Cent. of the Issuer's Charter Capital or Minimum 5 Per Cent. of Ordinary Shares in

the Issuer.....................................................................................................................................................................	192
6.6. Information on Interested-Party Transactions Consummated by the Issuer.........................................................	193
6.7. Information on the Amount of Accounts Receivable ...........................................................................................	193
Section VII. The Issuer's Accounting (Financial) Reporting and Other Financial Information .....................................	194
7.1. The Issuer's Annual Accounting (Financial) Reporting.......................................................................................	194
7.2. The Issuer's Interim Accounting (Financial) Reporting.......................................................................................	194
7.3. The Issuer's Consolidated Financial Reporting ...................................................................................................	194
7.4. Information on the Issuer's Accounting Policy....................................................................................................	194
7.5. Information on the Total Amount of Export and on the Share of Export in the Total Sales
Volume........................................................................................................................................................................	195
7.6. Information on Material Changes in the Issuer's Property after the End Date of the Latest
Completed Fiscal Year ................................................................................................................................................	195
7.7. Information on the Participation of the Issuer in Court Proceedings in Cases where Such
Participation May Materially Impact the Issuer's Financial and Economic Performance ..........................................	195
Section VIII. Additional Information on the Issuer and on Securities Placed by the Issuer ...........................................	195
8.1. Additional Information on the Issuer ...................................................................................................................	195
8.1.1. Information on the Size and Structure of the Issuer's Charter Capital..............................................................	195
8.1.2. Information on Changes in the Issuer's Charter Capital ...................................................................................	196
8.1.3. Information on the Procedure of Calling and Conducting Meetings (Conferences) of the
Issuer's Top Management Body .................................................................................................................................	198
8.1.4. Information on Commercial Organizations wherein the Issuer Owns No Less than 5 Per Cent.
of Charter Capital or No Less than 5 Per Cent. of Ordinary Shares ...........................................................................	198
8.1.5. Information on Material Transactions Consummated by the Issuer..................................................................	198
8.1.6. Information on the Issuer's Credit Ratings .......................................................................................................	198
8.2. Information on Each Category (Type) of the Issuer's Shares ..............................................................................	198

8.3. Information on Previous Issues of the Issuer's Securities, Except the Issuer's Shares ........................................	200
8.3.1. СInformation on Issues All the Securities Whereof Have Been Redeemed......................................................	200
8.3.2. Information on Issues the Securities Whereof Have Not Been Redeemed .......................................................	200
8.4. Information on the Person(s) That Have Provided Security for the Issuer's Secured Bonds, and
on Security Provided for the Issuer's Secured Bonds.................................................................................................	200
8.4.1. Additional Information on Mortgage Collateral for the Issuer's Bonds with Mortgage
Collateral ....................................................................................................................................................................	200
8.4.2. Additional Information on Mortgage Security by Monetary Claims for the Issuer's Bonds with
Mortgage Security by Monetary Claims.....................................................................................................................	200
8.5. Information on Organizations Effecting the Registration of Rights to the Issuer's Equity
Securities ....................................................................................................................................................................	200
8.6. Information on Legislative Acts Regulating Capital Import and Export Issues which May
Impact the Payment of Dividends and Interest, as well as Other Payments to Non-Residents...................................	200
8.7. Information on Declared (Accrued) and Paid Out Dividends upon the Issuer's Shares, and on
Income upon the Issuer's Bonds .................................................................................................................................	200
8.7.1. Information on Declared and Paid Out Dividends upon the Issuer's Shares ....................................................	200
8.7.2. Information on Accrued and Paid Out Yield upon the Issuer's Bonds..............................................................	206
8.8. Other Information ................................................................................................................................................	208
8.9. Information on Underlying Securities and the Issuer of Underlying Securities the Right to which
is Certified by Russian Depositary Receipts...............................................................................................................	208

Introduction

Reasons for the creation of the Issuer's obligation to disclose information in the form of issuer's report (quarterly report):

With regard to the Issuer's securities prospectus registration was effected.

The Issuer's exchange-traded bonds are listed for organized trading at stock exchange, prospectus for such listing having been provided for the stock exchange.

а) The Issuer's Full Company Name:

Public Joint-Stock Company Polyus

The Issuer's Abbreviated Company Name:

PJSC Polyus

The Issuer's Location:
Russian Federation, Moscow
Telephone: +7 (495) 641-3377
E-mail:info@polyus.com
Internet web pages where information containing the full text of the Issuer's Quarterly Report is published:www.polyus.com,www.e-disclosure.ru/portal/company.aspx?id=7832.
Principal data on the Issuer's securities in circulation:

Kind, Category (Type): ordinary registered shares.

Quantity of placed share: one hundred and thirty-six million sixty-nine thousand four hundred (136,069,400) integral and 14.138,881/133,561,119 pcs (with the consideration of charter capital increase registered after the reporting date).

Nominal value of one share: One (1) ruble.

This Report of the Issuer (Quarterly Report) contains assessments and projections of the Issuer's authorized executive bodies as to the forthcoming events and/or actions, the development prospects of the economy sector where the Issuer is engaged in its main activities, and the Issuer's performance results, including the Issuer's plans, the probability of occurrence of certain events and of performing certain actions. Investors should not rely completely on the assessments and projections of the Issuer's executive bodies, as the actual results of the Issuer's future performance may for diverse reasons differ from the projected results. Acquisition of the Issuer's securities involves risks addressed in this Report of the Issuer (Quarterly Report).

Section I. Data on the Issuer's Bank Accounts, Auditor (Audit Organization), Appraiser, and Financial Consultant; and Also on the Signatories to this Report of the Issuer (Quarterly Report)

1.1. Data on the Issuer's Bank Accounts

There were no change in the information composition of this section in the Reporting Quarter

1.2. Data on the Issuer's Auditor (Audit Organization)

Information is provided on the auditor (audit organization) that has conducted independent audit of the Issuer's accounting (financial) reporting and the Issuer's consolidated financial reporting included in the Issuer's Report (Quarterly Report), as well as on the auditor (audit organization) approved (selected) for auditing the Issuer's annual accounting (financial) reporting and the Issuer's annual consolidated financial reporting for the current and the latest completed reporting year.

Full company name: Deloitte and Touche CIS Closed Joint Stock Company

Abbreviated company name: Deloitte and Touche CIS CJSC

Location: Russia, 125047, Moscow, ul. Lesnaya, 5

Taxpayer's ID No. (INN): 7703097990

Principle State Registration Number (OGRN): 1027700425444

Tel.: (495) 787-0600

Fax: (495) 787-0601

E-mail:obarinova@deloitte.ru

Information on the Auditor's membership in self-regulating auditing organizations

Full name: Self-regulatory Organization of Auditors Association "Sodruzhestvo"

Location

119192 Russia, Moscow, Michurinsky Ave. 21, building 4

7729440813 OGRN: 1097799010870 Tel.: +7 (495) 734-22-22. Fax: +7 (495) 734-04-22
E-mail:info@auditor-sro.org

Additional information:

Reporting year(s) out of the number of the latest five completed reporting years and the current year for which the Auditor conducted (will conduct) an independent audit of the Issuer's reporting

Accounting (financial)	Consolidated financial
reporting, Year	reporting, Year

	2015

	2016
	2017

	2018

	2019
	2020

Periods out of the number of the latest completed reporting years and the current year, for which the Issuer's interim reporting was (will be) checked by the Auditor (Audit Organization)

Accounting (Financial)	Consolidated Financial
Reporting, Reporting Date	Reporting, Reporting Date

	30.06.2018

	30.06.2019

	30.06.2020

Factors are described that could affect the Auditor's (Audit Organization's) independence from the Issuer, including information on the existence of material interests linking the Auditor (persons holding positions in the Audit Organization's management bodies and bodies exercising control of the Audit Organization's financial and business activities) to the Issuer (persons holding positions in the Issuer's management bodies and bodies exercising control of the Issuer's financial and business activities)

There are no factors that could affect the Auditor's (Audit Organization's) independence from the Issuer, including material interests linking the Auditor (persons holding positions in the Audit Organization's management bodies and bodies exercising control of the Audit Organization's financial and business activities) to the Issuer (persons holding positions in the Issuer's management bodies and bodies exercising control of the Issuer's financial and business activities)

Existence of participation interests of the Auditor (persons holding positions in management bodies and bodies exercising control of the Audit organization's financial and economic activities) in the Issuer's charter capital:

The Auditor (persons holding positions in management bodies and bodies exercising control of the Audit organization's financial and economic activities) have no participation interests in the Issuer's charter capital Granting by the Issuer of loans to the Auditor (persons holding positions in management bodies and bodies exercising control of the Audit organization's financial and economic activities):

The Issuer has never granted any loans to the Auditor (persons holding positions in management bodies and bodies exercising control of the Audit organization's financial and economic activities)

Existence of close business relationships (participation in the promotion of the Issuer's products (services), participation in joint entrepreneurial activities, etc.), as well as of kin relations:

There are no close business relationships (participation in the promotion of the Issuer's products (services), participation in joint entrepreneurial activities, etc.) or kin relations

Information on persons holding positions in the Issuer's management bodies and/or bodies exercising control of the Issuer's financial and economic activities, who at the same time hold positions in the management bodies of the Audit organization or the bodies exercising control of the Audit organization's financial and economic activities:

There are no persons holding positions in the Issuer's management bodies or bodies exercising control of the Issuer's financial and economic activities who at the same time would be holding positions in the management bodies of the Audit organization or the bodies exercising control of the Auditor organization's financial and economic activitie

Other factors, which may influence the independence of the Auditor from the Issuer:

There are no other factors which might influence the independence of the Auditor from the Issuer

The Issuer's procedure of Auditor selection

There is currently no tender procedure stipulated regarding Auditor selection

Procedure of nominating a potential Auditor for approval by the Meeting of Stockholders/Participants and the management body making the relevant decision:

It is not required that the Company's Auditor outsourced for auditing the consolidated financial reporting should be approved by resolution of the Issuer's General Meeting of Stockholders.

The Auditor did not perform any work within the framework of special auditing tasks.

The procedure of determining the size of the Auditor's (Audit Organization's) remuneration is described, the actual amount of remuneration is indicated paid by the Issuer to the Auditor (Audit Organization) following the results of the latest completed fiscal year for which an independent audit of the Issuer's accounting/financial reporting and/or annual consolidated financial reporting was conducted:

The amount of the Auditor's remuneration is determined by mutual agreement of the parties. The actual amount of remuneration paid to the Auditor following the results of the reporting year for which the Auditor conducted an audit of the Issuer's consolidated financial reporting, for the year 2019 was four million eight hundred thousand rubles (RUR4,800,000), 20% VAT included

There are no deferred payments or overdue amounts for the services provided by the Auditor

Full company name: FinExpertiza Limited Liability Company

Abbreviated company name: FinExpertiza LLC

Location: Russoa, Moscow, Leningradsky Avenue 47, building 3, suite X, 3rd floor, room 1

INN: 7708096662

OGRN: 1027739127734

Tel.: +7 (495) 775-2200

Fax: +7 (495) 775-2201

E-mail:info@finexpertiza.ru

Data on the Auditor's membership in self-regulating auditing organizations

Full name: Self-RegulatingOrganization of Auditors Association "Sodruzhestvo" Location

119192 Russia, Moscow, Michurinsky Avenue 21, building 4

Additional information:

Reporting year(s) out of the number of the latest five completed fiscal years and the current fiscal year for which the auditor conducted (will conduct) an independent audit of the Issuer's annual reporting

Accounting/financial	Consolidated financial
reporting, Year	reporting, Year

2015

2016

2017

2018

2019

2020

There are no factors that could affect the Auditor's (Audit Organization's) independence from the Issuer, among other things information is provided on the existence of material interests linking the Auditor (persons holding positions in the Audit Organization's management bodies and bodies exercising control of the Audit Organization's financial and business activities) to the Issuer (persons holding positions in the Issuer's management bodies and bodies exercising control of the Issuer's financial and business activities)

Granting by the Issuer of loans to the Auditor (persons holding positions in management bodies and bodies exercising control of the Audit organization's financial and economic activities

Existence of close business relationships (participation in the promotion of the Issuer's products (services), participation in joint entrepreneurial activities, etc.), as well as of kin relations:

There are no close business relationships (participation in the promotion of the Issuer's products (services), participation in joint entrepreneurial activities, etc.) or kin relations

Other factors which may influence the independence of the Auditor from the Issue:

There are no other factors which might influence the independence of the Auditor from the Issuer

The Issuer's procedure of Auditor selection

There is currently no tender procedure stipulated regarding Auditor selection

Procedure of nominating a potential Auditor for approval by the Meeting of Stockholders/Participants and the management body making the relevant decision:

In accordance with par 5.1.3. of PJSC Polyus Board of Directors Regulation on Audit, the Audit Committee assesses the independence, objectivity, and absence of conflict of interests of the Issuer's external auditors, including assessment of bidders for the position of the Issuer's Auditor

In accordance with Article 5, par. 5.19.9, of the Issuer's Charter, the issue of approving the Auditor is within the sphere of competence of the Issuer's General Meeting of Stockholders.

In selecting the Auditor, the Company takes into account: positive recommendations in the auditing services market, the experts' skills, the experience of accounting and auditing work at large enterprises and in taxation bodies, attestation by the RF Ministry of Finance.

The Auditor has been performing no work as part of special auditing tasks

The procedure of determining the size of the Auditor's (Audit Organization's) remuneration is described, the actual amount of remuneration is indicated, paid by the Issuer to the Auditor (Audit Organization) following the results of the latest completed fiscal year for which an independent audit of the Issuer's accounting/financial reporting and/or annual consolidated financial reporting was conducted by the Auditor (Audit Organization):

In accordance with Article 6, par. 6.3.3.10, of the Issuer's Charter, the amount of remuneration for the Auditor's services is determined by the Board of Directors. The actual amount of remuneration paid to the Auditor following the results of the reporting year, following the results of which the Auditor conducted independent audit of the Issuer's accounting records and financial (accounting) reporting, for the year 2019, amounted to six hundred and nineteen thousand five hundred and thirty-nine rubles (RUR619,539), 20% VAT included

There are no deferred payments or overdue amounts for the services provided by the Auditor

1.3. Data on the Issuer's Appraiser(s)

There were no changes in the information composition of this section over the Reporting Quarter

1.4. Data on the Issuer's Consultants

No Financial Consultants have been engaged by the Issuer on the grounds listed in paragraph 1.4 of Annex 3 to the Bank of Russia Regulation dated 30 December 2014 No. 454-P 'On Disclosing Information by Issuers of Issue- Grade Securities' within 12 months before the reporting quarter end date

1.5. Data on the Signatories to this Report of the Issuer (Quarterly Report)

Full name: Sigida, Natalya Vladimirovna

Year of birth: 1979

Data on the primary place of employment:

Organization: Polyus Multifunctional Center LLC

Position: Senior Specialist of Department for the Formation of Accounting and Tax Reporting

Full name: Grachev, Pavel Serveyevich

Year of birth: 1973

Data on the primary place of employment:

Organization: Limited Liability Company "Polyus Management Company"

Position: General Director

Section II. Core Information on the Issuer's Financial/Economic Situation

2.1. Indices of the Issuer's Financial/Economic Performance

The dynamics of indices characterizing the Issuer's financial/economic performance calculated based on the data of accounting/financial reporting

The standard (rules) in accordance with which the accounting (financial) reporting was prepared, based on which the indices were calculated: RAS

Unit of measure for calculating the labor productivity index: Rb per person

Indices	2019, 9 months	2020, 9 months

Labor productivity	0	0

Ratio of indebtedness amount to own capital	0.28	0.32

Ratio of long-term indebtedness amount to the total of long-term	0.2	0.22
indebtedness and own capital

Coverage of debts by current income	-75.2	6.24

Overdue debt level, %	0	0

Analysis of the Issuer's financial/economic activity based on economic analysis of the provided indices dynamics:

Labor productivity is an indicator characterizing the volume of rendered services per one employee. For 9 months of

the year 2019 and 9 months of the year 2020 this exponent was 0 thousand Rb per person, as the amount of proceeds for these periods is zero.

The ratio of the amount of indebtedness to own capital for 9 months of the year 2019 and is 0.28 and for 9 months of the year 2020 is is 0.32, which is indicative of low financial dependence of the Issuer.

The ratio of the amount of long-term indebtedness to the total of long-term indebtedness and own capital for 9 months of the year 2019 is 0.2 and for 9 months of the year 2020 is 0.22, which is indicative of insignificant proportion of long-term indebtedness.

For 9 months of the year 2019 the index of indebtedness coverage by the current income (profit) is -75.2 For 9 months of the year 2020 the index of indebtedness coverage by the current income (profit) is -6.24.

The Issuer has not overdue debts.

2.2. The Issuer's Market Capitalization

Market capitalization is calculated as the product of the number of shares of the relevant category (type) and the market value of one share disclosed by the trade institutor

Unit of measure: RUR

Index	As of 31.12.2019	As of 30.09.2020

Market capitalization	949,830,039,536.20	2,227,251,975,700.54

Information on the trade institutor in the securities market, based on whose data the market capitalization is calculated, as well as other additional information on securities public circulation, at the discretion of the Issuer:

PJSC Polyus market capitalization as of 31.12.19 and 30.06.20 was determined in accordance with the methods provided in the Procedure of Information Disclosure by Issuers of Issue-Grade Securities, approved by Order of the Federal Financial Markets Service of Russia No. 454p dated 30 December 2014, as the product of the number of placed shares and the market value of one PJSC Polyus share, as published by PJSC Moscow Stock Exchange following the results of trade on 30.12.19 and 30.09.20, calculated in accordance with the Procedure of Calculation of Market Value of Securities, the Estimated Price of Securities, and the Limits of the Securities Market Price Fluctuations, in compliance with Chapter 23 of the Russian Federation Tax Code, as approved by Order of the Federal Financial Markets Service No. 10-65/pz-n dated 09.11.2010.

2.3. The Issuer's Liabilities

2.3.1. Borrowed Funds and Accounts Payable

As of 30.09.2020

Borrowed funds structure

Unit of measure: thousand Rb.

Indices	Index value
Long-term borrowed funds	34,938,253
including:
credits	0
loans, with the exception of bond loans	0
bond loans	34,938,253
Short-term borrowed funds	1,102,200
including:
credits	0
loans, with the exception of bond loans	0
bond loans	1,102,200
Total amount of overdue debts on borrowed funds	0
including:
credits	0
loans, with the exception of bond loans	0
bond loans	0

Accounts payable structure

Unit of measure: thousand Rb.

Indices	Index value
Total amount of accounts payable	33,524,515
including overdue payments	0
including
to the government budget and state non-budgetary funds	240,611
including overdue payments	0
to suppliers and contractors	11,115
including overdue payments	0
to the staff of the organization	0
including overdue payments	0
other	33,272,789
including overdue payments	0

The Issuer has no overdue accounts payable

Creditors accounting for at least 10 per cent. of the total amount of accounts payable or at least 10 per cent. of the total amount of borrowed funds (long-term and short-term):

There are no such creditors

2.3.2. The Issuer's Credit History

It describes the discharge by the Issuer of its liabilities under the credit agreements and/or loan agreements effective during the last completed fiscal year and the current fiscal year, including those concluded by bond issues and sales whose principal was five and more per cent. of the book value of the Issuer's assets as of the end date of the last completed reporting period consisting of 3, 6, 9 or 12 months preceding the conclusion of the corresponding agreement, as well as other credit agreements and/or loan agreements which the Issuer considers material for itself.

Liability Type and Identification Characteristics

1. Interest-bearingnon-convertible certificated bearer exchange bonds subject to mandatory deposit of BO-

01 (БО-01) series, issue identification number 4V02-01-55192-E(4B02-01-55192-E) of 26.01.2015 ISIN RU000A0JVMD0

Liability terms and information on the fulfillment thereof

Name and location or last name, first name	Acquirers of the issue securities
and patronymic of the creditor (lender)

Principal debt amount as of the moment of	5,000,000 RUR X 1,000
creation of the obligation, RUR
Principal debt amount as of the reporting	5,000,000 RUR X 1,000
quarter end date, RUR
Credit (loan) term (years)	10

Average credit interest, % p.a.	12.10

Number of interest (coupon) periods	20
Arrears of credit (loan) interest payment;	none
and, in case of existence thereof, the total
number of delays and duration thereof in
days
Scheduled timeline (date) of credit (loan)	03.07.2025
repayment
Actual timeline (date) of credit (loan)	existing
repayment
Other information on the liability, to be	none
provided by the Issuer at its own discretion

Liability Type and Identification Characteristics

2. Interest-bearingnon-convertible certificated bearer exchange bonds subject to mandatory deposit of BO- 02 (БО-02) series, issue identification number 4V02-02-55192-E(4B02-02-55192-E)

of 26.01.2015 ISIN RU000A0JVM99

Liability terms and information on the fulfillment thereof

Name and location or last name, first name	Acquirers of the issue securities
and patronymic of the creditor (lender)

Principal debt amount as of the moment of	5,000,000 RUR X 1,000
creation of the obligation, RUR
Principal debt amount as of the reporting	5,000,000 RUR X 1,000
quarter end date, RUR
Credit (loan) term (years)	10

Average credit interest, % p.a.	12,10

Number of interest (coupon) periods	20

Arrears of credit (loan) interest payment;	none
and, in case of existence thereof, the total
number of delays and duration thereof in
days
Scheduled timeline (date) of credit (loan)	03.07.2025
repayment
Actual timeline (date) of credit (loan)	existing
repayment
Other information on the liability, to be	none
provided by the Issuer at its own discretion

Liability Type and Identification Characteristics

3. Interest-bearingnon-convertible certificated bearer exchange bonds subject to mandatory deposit of BO- 03 (БО-03) series, issue identification number 4V02-03-55192-E(4B02-03-55192-E)

of 26.01.2015 ISIN RU000A0JVMB4

Liability terms and information on fulfillment thereof

Name and location or last name, first name	Acquirers of the issue securities
and patronymic of the creditor (lender)

Principal debt amount as of the moment of	5,000,000 RUR X 1,000
creation of the obligation, RUR
Principal debt amount as of the reporting	5,000,000 RUR X 1,000
quarter end date, RUR
Credit (loan) term (years)	10

Average credit interest, % p.a.	12.10

Number of interest (coupon) periods	20

Arrears of credit (loan) interest payment;	none
and, in case of existence thereof, the total
number of delays and duration thereof in
days
Scheduled timeline (date) of credit (loan)	03.07.2025
repayment
Actual timeline (date) of credit (loan)	existing
repayment
Other information on the liability, to be	none
provided by the Issuer at its own discretion

Liability Type and Identification Characteristics

4. Interest-bearingnon-convertible certificated bearer exchange bonds subject to mandatory de[psotof PBO-01(ПБО-03) series (issue identification number 4V02-01-55195-E-001R(4B02-01-55195-E-001P)

of 18.09.2015

Liability terms and information on the fulfillment thereof

Name and location or last name, first name	Acquirers of the issue securities
and patronymic of the creditor (lender)
Principal debt amount as of the moment of	20,000,000 RUR X 1,000
creation of the obligation, RUR
Principal debt amount as of the reporting	20,000,000 RUR X 1,000
quarter end date, RUR
Credit (loan) term (days)	3,640

Average credit interest, % p.a.	7.4

Number of interest (coupon) periods	20

Arrears of credit (loan) interest payment;	none
and, in case of existence thereof, the total
number of delays and duration thereof in
days
Scheduled timeline (date) of credit (loan)	01.10.2029
repayment
Actual timeline (date) of credit (loan)	existing
repayment
Other information on the liability, to be	none
provided by the Issuer at its own discretion

2.3.3. The Issuer's Liabilities under Security Provided by the Issuer

As of 30.09.2020

Unit of measure: Rb.

Exponent	As of 30.09.2020

Total amount of security provided by the Issuer (amount (sum) of	102,675,523,580
outstanding liabilities in respect of which the Issuer has provided security,
if in accordance with the conditions of the security provided the
fulfillment of the relevant liabilities is held to security in full)
including for third parties' liabilities	102,675,523,580

Amount of security provided by the Issuer (amount (sum) of outstanding	0
liabilities in respect of which the Issuer has provided security, if in
accordance with the conditions of the security provided the fulfillment of
the relevant liabilities is held to security in full) in the form of lien
including for third parties' liabilities	0
Amount of security provided by the Issuer (amount (sum) of outstanding	102,675,523,580
liabilities in respect of which the Issuer has provided security, if in
accordance with the conditions of the security provided the fulfillment of
the relevant liabilities is held to security in full) in the form of suretyship
including for third parties' liabilities	102,675,523,580

Type of the liability secured: Liability in respect of guaranteed bonds, issued and placed.

Secured liability scope: Transaction of provision by PJSC Polyus of guarantee as security for the fulfillment of obligations of Polyus Finance Plc in respect of issued and placed guaranteed bonds of Polyus Finance Plc. Unit of measure: x 1

Scope of the Issuer's (third party's) secured liability: RUR63,279,378,858

Secured liability maturity: 07 February 2023

Means of securing: suretyship

Unit of measure: x 1

Security amount: RUR63,279,378,858

Currency: RUR

Condition of security provision, including the subject of the pledge and its value:

Without provision of counter security. No property hypothecation stipulated.

Term for which the security is provided: 07 February 2023

Evaluation of the risk of non-fulfillment or undue fulfillment by the third party of the secured obligations, indicating factors which may result in such non-fulfillment or undue fulfillment; probability of occurrence of such factors:

Risk of non-fulfillment or undue fulfillment by Polyus Finance Plc of the secured obligations is currently assessed as insignificant. There are no factors which might result in such non-fulfillment or undue fulfillment. Probability of occurrence of such factors is insignificant.

Type of the liability secured: Liability in respect of guaranteed bonds, issued and placed.

Secured liability scope: Transaction of provision by PJSC Polyus of guarantee as security for the fulfillment of obligations of Polyus Finance Plc in respect of its issued and placed guaranteed bonds of Polyus Finance Plc. Unit it of measure: x 1

Scope of the Issuer's (third party's) secured liability: RUR39,396,144,722

Secured liability maturity: 28 March 2022

Means of securign: suretyship

Unit of measure: x 1

Security amount: 39,396,144,722

Currency: RUR

Condition of security provision, including the subject of the pledge and its value:

Without provision of counter security. No property hypothecation stipulated.

Term for which the security is provided: 28 March 2022

2.3.4. The Issuer's Other Liabilities

The Issuer has no other liabilities which are not reflected in its accounting/financial reporting and which could materially affect the Issuer's financial position, its liquidity, sources of financing and the terms of their use, results of activity and expense.

2.4. Risks Related to Acquisition of Issued Securities Placed / Being Placed

The Issuer's policy in the risk management sphere:

The Issuer attaches great importance to issues of successful development and functioning of risk management and internal control system focused on ensuring reliability of attaining the planned results, efficient distribution of resources, and strengthening the Issuer's competitive advantages.

The Issuer's activities are related to various risks, which may affect the results of the Issuer's operating, financial, and investment activities.

Risk management and internal control system (the "RM&ICS") consists of inter-connected elements ensuring identification and management of risks at all organizational levels and in all business processes of the Company. Internal control is an integral part of the Company's risk management, whereas risk management is an integral part of corporate management.

RM&ICS is a continuous and integrated process, which involves all employees and management bodies of the Company. RM&ICS organization is regulated by the Risk Management and Internal Control Policy approved by the Board of Directors.

The Company's employees, within the sphere of their competence, are responsible for risk identification and assessment, as well as for the development of measures for risk management, including the development and optimization of control procedures and control of the fulfillment thereof.

Monitoring of RM&ICS reliability and efficiency is effected by the General Director and the Board of Directors Audit Committee in the form of reviewing the results of implementation of the measures taken for risk management, including the completeness and timeliness thereof, as well as in the form of re-assessment of identified and/or newly identified key risks.

2.4.1. Branch Risks

1. Risk of gold price drop

The volatility of gold prices may result in material negative changes in the Issuer's financial performance.

Measures for managing the risk

The Issuer on a regular basis analyses the sensitivity of its core business to price variation. In shaping up the development strategy, scenario approach to the analysis of development programs is applied, whereas the investment projects portfolio is shaped up with due consideration for the analysis of projects stability with respect to changes in price parameters. Besides, operative management of inventories is implemented considering variations in market conditions, as well as opening and maintaining of reserve credit lines for the financing of the Issuer's operating and investment activities.

2. Risk of non-confirmation of mineral reserves and resources

The Issuer's activities depend to a large extent on the available reserves and resources. Estimate of reserves of mineral raw materials of all mining companies may by nature be inaccurate and to a certain extent depends on subjective statistical inferences based on results of limited drilling volumes and other analyses. In case of non- confirmation of the quantity and quality of explored reserves of deposits under development, there exists a possibility of drop in production efficiency due to increase in the cost and labor intensity of mining operations, changes in benefication technology, and reduction of deposit development term.

Measures for managing the risk

The management of this risk is exercised by conducting audit by independent experts in respect of promising and exploited deposits and preparing reports on the results of geological exploration activities, reserves life (ratio of reserves level to the current extraction level). Additional (early and operational) exploration of deposits is performed, due diligence operations at ore depots, adjustment of modelling parameters, as well as control of the quality of carrying out geological exploration operations and analytical research.

2.4.2. Country and Regional Risks

1. Risk of increase of international pressure on the Russian Federation

The Issuer's activities are susceptible to potential instability of the political situation. Particularly, there exists a threat of further extension and toughening of sanctions in respect of the RF on the part of a number of states.

Measures for managing the risk

The Issuer on a permanent basis performs monitoring of the situation fraught with potential changes in the sanctions regime.

2. Risk of tax burden increase

The Issuer timely and to the full extent fulfills its tax obligations. Herewith, changes in the laws on taxes and dues or in the practice of application thereof, as well as variations in the construction of the law by taxpayer and tax authority may have negative impact on the Issuer's financial exponents.

Measures for managing the risk

For minimizing such risk the Issuer performs permanent monitoring of changes in the regulatory and legal framework, outsources external consultants on complicated issues of assessing the impact of changes on business with the purpose of proactive acquisition of information, as well as studying the potential measures aimed at responding to change.

2.4.3. Financial Risks

1. Risk of ruble strengthening

Most of the Issuer's operating expenses are denominated in Russian rubles. At the same time, gold sale price is pegged to the US dollar. Due to this, the amount of the Issuer's proceeds is susceptible to the impact of RUR/USD exchange rate.

Measures for managing the risk

For monitoring the impact of changes in exchange rate on the Issuer's financial performance, flexible financial planning and analysis of fluctuations of exchange rate of the national currency on the Issuer's planned figures is implemented. The Issuer maintains a well-balanced debt portfolio with predominance of borrowings in US dollars.

In attracting borrowings in the national currency, derivative financial hedging instruments are employed for cutting down the exposure to currency risk. In planning short-term payment and currency position, rolling forecast of liquidity for 30 days in basic functional currency and foreign currency payments is used.

2. Risk of increase of the cost and availability of credit resources

Introduction of additional sanctions by the USA, EU, and a number of other countries may create difficulties in terms of obtaining credits abroad. Due to this, there exists a possibility of deficiency of funds for the financing of the Issuer's production, management, and investment needs, as well as for the fulfillment of the Issuer's financial obligations.

Measures for managing the risk

The management of this risk is exercised on a continuous basis. The Issuer takes measures for credit portfolio diversification, attracting funds from both Russian and foreign banks.

2.4.4. Legal Risks

Non-observance of legal requirements and in-house procedures in the sphere of combating corruption and money- laudering / terrorism financing / financing of proliferation of weapons of mass destruction (ML/TF/FPWMS). The Issuer's activities are exposed to risks related to non-compliance with norms of applicable laws, including exterritorial ones, in the sphere of combating corruption and ML/TF/FPWMS, as well as malpractices and inter- corporate fraud.

Measures for managing the risk

For minimizing these risks, the Issuer:

performs monthly monitoring of changes in laws in the sphere of combating corruption and ML/TF/FPWMS and, if necessary, enhances internal normative documents and procedures;
exercises control of undergoing by the personnel of programs of trainingand signing personal undertaking in the sphere of combating corruption and ML/TF/FPWMS;
performs on-going monitoring and control of high-risk operations and transactions both in the sphere of contractual work and in effecting payments;
conducts checks of candidates in terms of identifying corruption risks and potential conflicts of interests;
ensures efficient functioning of Security Hot Line.
2.4.5. Risk of Loss of Good Will (Reputational Risk)

This risk is minimal for the Issuer, as the final marketable product is fine gold produced at specialized refineries from alloyed gold produced by the Issuer. The quality of fine gold is guaranteed by the refinerie.

2.4.6. Strategy Risk

1. Risk of inefficient allocation of investment budget funds

The main reasons which may result in the risk realization are: untimely declaring of projects in the investment program and insufficient elaboration thereof on the Customers' part, insufficiently precise estimation of the cost and timeline of project realization at the moment of making investment decision, as well as complexity of the prioritization of investments in basic projects without expressed economic effect.

Measures for managing the risk

In order to minimize the probability and consequences of this risk occurrence, the Issuer performs analysis of sensitivity to the main incoming project data (timeline, budget, micro-factors) until the moment of making the investment decision, day-to-day actualization of assessment models within the framework of monitoring the investment projects realization, prioritization and and stage-by-stage planning of investments allocation.

2. Risk of inefficient cooperation with government bodies

The requirements of the current legislation suggest flexibility with regard to issues of making decisions on allocating funds from the existing government programs, as well as with regard to granting tax exemptions and government subsidies.

Measures for managing the risk

The Issuer on a regular basis effects cooperation with government authorities, as well as monthly monitoring of changes in legislation and law-making initiatives.

2.4.7. Risks Related to the Issuer's Activities

1. Mining risks

Realization of this risk may be related both to insufficient exploration degree of mining-geological and hydro- geological conditions of the rock mass, as well as to insufficiently considered deviations from project solutions and violations of the technology of carrying out mining operations.

Measures for managing the risk

The Issuer on a regular basis:

effects collection, processing, and analysis of geological-and-engineering data;
performs integrated monitoring of pit walls for the purpose of identifying critical deformation;
implements measures for mitigating negative impact of blasting operations on pit wall stability;
introduces best international practices in the sphere of increasing the stability of pit walls.

2. Risk related to adopting inefficient technology, inadequate and/or low quality of carried out research/testing, expertise of project solutions resulting in non-reaching the project capacity after launch in productivity and/or recovery

Realization of this risk is related to conducting inappropriate testing program, non-conformity of research and pilot testing of new technologies to the project stage, as well as complexity of designing the extension of technological processes in the conditions of on-going production.

Measures for managing the risk

In order to minimize the probability of this risk realization, the Issuer outsources highly skilled professionals for conducting expertise of strategic projects, in particular from international engineering companies, sampling methods are continuously enhanced, geological and metallurgical mapping of deposits is performed, standards of involving sampling results in designing are updated and ctualized.

3. Risk of disruption of production

Realization of this risk is related to non-observance of production equipment handling rules, untimely implementation of repair and maintenance programs, as well as breakdowns of electric grid equipment and insufficient capability of interior electrical network infrastructur.

Measures for managing the risk

In order to reduce the negative impact of this risk, the Issuer effects permanent monitoring of major equipment technical condition and operating mode, analysis of unscheduled shutdowns of production machinery operation, periodic actualization and maintaining at the established level of emergency technical supply and keeping it up to the set level. Besides, analysis is performed of the necessity of constructing new and reconstructing existing power facilities, as well as monitoring of the condition and timely servicing of electric grid system. Emergency systems of internal electric power generation and stand-by power supply systems are created and timely serviced.

4. Risk of low reliability of external power supply

Realization of this risk is related to limited transmission capacity of external power networks, as well as to potential deficiency of electric power market.

Measures for managing the risk

In order to raise the power supply reliability, the Issuer develops and implements measures for ensuring reliable and uninterrupted power supply of production facilities, in particular within the framework of new projects of production developmen.

5. Risk of non-compliance with the timelines and budgets of capital construction investment projects (the existing projects portfolio is at the 'Realization' stage)

The main actual factor of this risk is the spread of COVID-19 pandemic, introduction of restrictive measures in presence regions and in the areas of the Issuer's production facilities, aimed at lowering the tempo of the contagion, as well as failure to meet the delivery dates of imported equipment due to these reasons.

Measures for managing the risk

With the purpose of managing this risk, optimization of projects has been effected (the most significant works were singled out, having an impact on project results, schedules of works were optimized, requirement in resources was optimized), procedures of managing changes in projects were introduced and are being perfected, control of attaining key project parameters is being performed. Besides, the Issuer is implementing a package of corporate measures aimed at cutting down the contagion spread tempo.

6. Risk of industrial injuries and production accidents

Realization of this risk is related to non-compliance by the personnel with requirements of labor protection and industrial safety, as well with threats to the life and health of employees conditioned by non-technology-related factor.

Measures for managing the risk

In order to minimize this risk, the Issuer conducts regular training of employees in labor safety, exercises timely supply and quality control of protection equipment, ensures availability of all necessary equipment for safe carrying out of work. Audits are being conducted of the second side of the Issuer's production sites with regard to compliance

with the requirements of ISO45001 and corporate integrated system of managing labor protection, industrial safety and environment protection. Short- and long-term plans of preventive activities are being developed, including preventive measures aimed at enhancing the control of compliance with requirements in the sphere of labor protection and industrial safety. The Issuer has also initiated a project for developing a risk management system in the sphere of labor protection, industrial safety and environment protection based on implementing the ICMM (International Council on Mining and Metals) Critical Control Management methodology. Besides, due to the threat of COVID-19 pandemic spread, the Issuer has developed and is realizing plans of measures for the containment of its tempo, including mass personnel testing, restriction of access to the Company's facilities, disinfection of premises, permanent situation monitoring.

7. Risk of negative impact on the environment

The Issuer's activities are subject to ecological control and regulation, as they are related to potential damage to the environment and eventual harm to wildlife.

Measures for managing the risk

The Issuer observes all statutory provisions of Russian and applicable international legal acts in the sphere of environment protection, assesses the impact of its activities on the environment and social sphere, identifying potential environmental risks at all stages of project realization: from designing to mined land reclamation.

8. Risk of failure to meet the objectives in respect of delivery of materials and provision of services

Realization of this risk is related to logistical restrictions, untimely supply of materials and equipment due to non- compliance by the suppliers with contractual timeline, non-compliance by the customers with requirement transfer timeline and prolonged periods of carrying out procurement procedures, supply of low-quality material and technical resources by suppliers.

Measures for managing this risk include:

In order to minimize the probability of this risk realization, the Isseur:

effects early involvement of supply services in the process of procurement of material and technical resources and services;
annually develops and updates procurement strategies in respect of key nomenclature of material and technical resources and works/services;
maintains the necessary level of reserve stock of material and technical resources and key nomenclature of emergency supply;
effects yarly updating of the reference book of planned delivery timeline.

Besides, the Issuer has implemented a procedure of incoming quality control at all points of initial acceptance of materials. Measures are being realized for eliminating logistical restrictions.

9. Risk related to inadequacy of organizational design and shortage of skilled staff

Problems with recruitment of sufficient number of skilled personnel arise due to the complication of epidemiological situation related to the spread of COVID-19, increased competition for personnel in the Russian labor market combined with low quality of training of specialists at educational establishments, especially at technical colleges. Inability to ensure good-quality social conditions for employees may negatively impact the image of the Issuer as a responsible employer. Besides, the Issuer faces the risk of non-conformance of the existing organizational design (operational model and organizational structure) to the development goals.

Measures for managing the risk

The Issuer pays key attention to comprehensive development of personnel reserve, corporate culture, raising the employees' loyalty, maintaining high quality and permanent improvement of social/welfare conditions for the Issuer's staff. The system of personnel selection and recruitment is being enhanced. Measures for optimizing the organizational design are being implemented.

10. Risk related to informational safety

Potential materialization of this risk is related to non-observance of informational safety rules by the Issuer's employees or contractors, as well as to staging and conducting cyber attacks on the Issuer.

Measures for managing the risk

For minimizing this risk a project of introducing a system of resisting targeted attacks is being implemented, as well as circulation of a system of combating information leaks, antivirus protection is being elaborated, identification and monitoring of informational safety events is being effected. Besides, considering the development of remote IT servers, the system of control of logging on to the corporate net infrastructure is being elaborated.

11. Risk of non-attaining the results of key milestones in the process of realization of large-scale capital construction projects

The main reasons which may result in realization of this risk are:

• shortcomings in the quality of released engineering and technical documentation;

insufficient internal expertise of project solutions;
non-observanceof stage-by-stage approach in making technological/technical/project decisions.

Measures for managing the risk

For managing this risk, the Issuer is developing and approving road maps of projects containing detailed description of 'forks' for decision-making, as well as sequence of operations for the preparation and making of technological and technical decisions. Besides, for the development of project documentation the Issuer has outsourced competent engineering personnel, day-to-day cooperation with representatives of designing organizations has been arranged.

12. Risk of violation of functional safety of Automated System of ZIF Automated System of Technological Process Management (ASTPM) and Automated System of Mining and Conveyor Complex Management (ASMCCM) Realization of this risk may be related to:

breaches of equipment assembly and operation technology;
errors of software or breakdowns of network infrastructure;
low skill of the personnel operating the equipmen;
intentional acts by external or internal wrongdoers aimed at destroying the managing infrastructure.

Measures for managing the risk

The Issuer standardizes the requirements to the carrying out of project, assembly and service works of ASTPM, conducts regular training of staff members of automation services, mining dispatchers and ZIF technological personnel. Besides, measures have been planned for the organization of an articulated program and physical protection of managing systems against unauthorized access.

13. Risk of impossibility of ensuring the attainment of the goals of business transformation project portfolio Realization of this risk is related to the fact that the system users may continue to use alternative information sources, and planned organizational measures supporting the ability to adapt of business transformation project solutions may fail to be fulfilled. Besides, in case of toleration of low data quality at the beginning of end-to-end process there is aggravated impact on all subsequent user.

Measures for managing the risk include:

development and planning for introduction of data governance concept;
control of the plans of introducing results of transformation projects, including the ability to adapt the implemented solutions;
development of functional development strategies for balancing the portfolio of business transformation solutions.

Risks related to ongoing court proceedings
There are no ongoing court proceedings which could adversely affect the Issuer's financial and economic performance.
Risks related to potential liability of the Issuer under debts of third parties, including the Issuer's subsidiaries
Risks related to potential liability of the Issuer under debts of third parties, including the Issuer's subsidiaries, are assessed as low.

2.4.8. Banking Risks

The Issuer is not a credit institution

Section III. Detailed Information on the Issuer

3.1. The Issuer's Creation History and Evolution

3.1.1. Data on the Issuer's Company Name / Name

The Issuer's full company name: Public Joint-Stock Company Polyus

Date of introduction of the current company name: 14.04.2016

The Issuer's abbreviated company name: PJSC Polyus

Date of introduction of the current abbreviated company name: 14.04.2016

The Issuer's full or abbreviated company name (for non-commercial organization: name) is similar to the names of a number of other legal entities

Names of such legal entities:

Limited Liability Company "Polyus"

Limited Liability Company "Polyus-Zoloto"

Limited Liability Company "Polyus Gold"

Open Joint Stock Company "Polyus Company"

Open Joint Stock Company "Polyus"

Joint Stock Company "Polyus"

Clarifications in order to avoid confusion of he above-indicated entities' names:

In order to avoid confusion of the above-indicated entities' names, the Issuer states in official documents its location, INN and OGRN for self-identification purposes.

All former company names of the Issuer during the period of its existence:

Abbreviated corporate name: Polyus Gold OJSC

Date of the name introduction: 17.03.2006

Grounds for the name introduction:

Decision of the Interregional Inspectorate of Federal Tax Service No. 2 for Krasnoyarsk Krai, Taimyr (Dolgano- Nenets) and Evenki Autonomous Okrugs on the state registration of Polyus Gold OJSC.

Full corporate name: Public Joint Stock Company Polyus Gold

Abbreviated corporate name: Polyus Gold PJSC

Date of the name introduction: 26.01.2016

Grounds for the name introduction:

Decision of the Interregional Inspectorate of Federal Tax Service of Russia №46 for Moscow city.

3.1.2. Data on the Issuer's State Registration

Legal Entity's Main State Registration No.: 1068400002990

Date of state registration: 17.03.2006

Name of registering authority: Interregional Inspectorate of Federal Tax Service No. 2 for Krasnoyarsk Krai, Taimyr (Dolgano-Nenets) and Evenki Autonomous Okrugs

3.1.3. Data on the Issuer's Establishment and Development

There were no changes in the information composition of this section over the Reporting Quarter

3.1.4. Contact Information

The Issuer's location:

Russia, Moscow

The Issuer's address indicated in the Union State Register of Legal Entities:

123056, Russia, Moscow, ul. Krasina 3, Building 1, office 801 Phone: +7 (495) 641-3377

Fax: +7 (495) 785-4590

E-mail addres: info@polyus.com

Address of Internet web page(s) on which the information is available on the Issuer and on its securities issued or being issued: www.polyus.com,www.e-disclosure.ru/portal/company.aspx?id=7832

Name of the Issuer's specialized subdivision for cooperation with the Issuer's shareholders and investors: PJSC Polyus

Corporate Secretary

Address of the subdivision's location: Russian Federation, 123056, Moscow, ul. Krasina 3, building 1

Tel.: +7 (495) 641-3377

Fax: +7 (495) 785-4590

E-mail:corporate@polyus.com

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

Taxpayer's ID Number (INN)
7703389295
The Issuer's Branches and Representation Offices
The Issuer has no branches of representation offices

3.2. The Issuer's Main Business Line

3.2.1. The Issuer's Major Economic Sectors

Code of the Issuer's core economic activity

Codes of the Russian Classification of

Economic Activities (OKVED)

70.22

Codes of the Russian Classification of

Economic Activities (OKVED)

64.99.1

64.99.3

70.10.2

73.20

3.2.2. The Issuer's Main Business Line

Types of the Issuer's business activities (types of activities, types of products (works, services)) which accounted for no less than 10 per cent. of the Issuer's proceeds (income) over the Reporting Period:

Unit of measure: thousand Rb.

Type of business activity: In the period under review the Issuer's core business activity accounting for its financial performance was management of interests and shareholdings in commercial organizations. The Issuer did not pursue any production activity. In the period under review there were no proceeds, due to which fact no information is provided in this paragraph.

Exponent	2019, 9 months	2020, 9 months
Amount of proceeds from sales (sales volume) for the type of	0	0
business activity in question, in thousand Rb.

Share of proceeds from sales (sales volume) for the type of	0	0
business activity in question in the total volume of the Issuer's
proceeds from sales (sales volume), %

Changes in the amount of proceeds from sales (sales volume) of the Issuer from core economic activity by 10 and more per cent. compared to the same reporting period of the preceding year and reasons for such changes

There were no such changes.

The Issuer's core economic activity accounting for its financial performance is management of participation interests and shareholdings in commercial organizations. The Issuer does not pursue any production activities.

General structure of the Issuer's production cost:

Cost items	2019, 9 months	2020, 9 months

Raw materials and supplies, %

Bought-in components and intermediates, %
Production works performed and services provided, by outside
organizations, %
Fuel, %
Energy, %

Labor costs, %

Interest on credit, %
Rental charges, %

Allocations for social needs, %

Depreciation of fixed assets, %
Taxes included in the production cost, %

Other costs, %

intangible assets depreciation, %
emoluments for rationalization proposals, %

mandatory insurance payments, %

entertainment expenditures, %
Other (needs clarification), %

Total: Production and sales costs (flat costs) of products (works,	100	100
services), %
For reference: Proceeds from the sales of products (works,	0	0
services), %

New products (works, services) of material importance offered by the Issuer in the market of its core activity to the extent that it conforms to the public information on such types of products (works, services). Indicated is the state of development of such types of products (works, services).

There are no new products (works, services) of material importance.

Standards (rules) in accordance with which the Issuer's accounting/financial reporting has been prepared and calculations cited in this subparagraph have been performed:

The Issuer's accounting reporting has been prepared in accordance with Russian Accounting Standards.

3.2.3. The Issuer's Initial/Raw Materials and Suppliers

For 9 months of the year 2020

The Issuer's suppliers accounting for no less than 10 per cent. of all supplied materials and products (raw materials)

There are no suppliers accounting for no less than 10 per cent. of all supplied materials and goods (raw materials)

Information on changes in prices by more than 10 per cent. For core materials and goods (raw materials over the respective reporting period as compared to the respective reporting period of the previous year

There were no changes in prices by more than 10 per cent. for core materials and goods (raw materials) over the respective reporting period

Share of import deliveries of materials and goods, forecast of import deliveries availability in future and possible alternative resources

There are no import deliveries

3.2.4. Market Outlets for the Issuer's Products/Works/Services

Principal markets in which the Issuer pursues its activities:

During the first 9 months of the year 2020 the Issuer did not pursue any production activities.

Factors which may adversely affect sales of the Issuer's products/works/services and potential steps by the Issuer aimed at reducing such effect:

During the first 9 months of the year 2020 the Issuer did not pursue any production activities.

3.2.5. Data on Permissions/Licenses or Admissions to Certain Activities in Possession of the Issuer

There are no permits/licenses in possession of the Issuer, information on which would be required to be provided in the Issuer's Report (Quarterly Report)

3.2.6. Data on the Activities of Certain Categories of Issuers

The Issuer is not an incorporated investment fund, an insurance or credit organization, a mortgage agent, or a special-purpose vehicle.

3.2.7. Additional Information on Issuers Whose Core Activities Consist in Extraction of Minerals

a) Mineral reserves

List of mineral deposits that are of a material financial and economic value for the Issuer and the rights to use which belong to the Issuer or to its dependent organizations

1. Deposit name: Olimpiadinskoye (KRR 02973 BE) Holder of rights to the deposit

Full company name: Polyus Krasnoyarsk Joint-Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Krai, Severo-Yeniseiskyurban-type settlement, ul. Belinskogo, 2-B

INN: 2434000335

OGRN: 1022401504740

Type of minerals: ore gold, ore silver, stadium in ores

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1: 244,066 kg with an average grade of 4.106 g/t; С2: 164,898 kg with an average grade of 3.67 g/t;

off-balance reserves: 3,359 kg with an average grade of 0.64 g/t; primary ore stockpile: 32,217 kg with an average grade of 2.82 g/t..

Production level for the relevant reporting period(s): 9,930.3 kg

2. Deposit name: underlying beds of Olimpiadinskoye deposit (KRR 02975 BP Holder of rights to the deposit

Full company name: Polyus Krasnoyarsk Joint-Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Krai, Severo-Yeniseiskyurban-type settlement, ul. Belinskogo, 2-B

INN: 2434000335

OGRN: 1022401504740

Type of minerals: ore gold

Preliminary appraisal of deposit reserves: As of 01.01.2020 registered on the state balance sheet were reserves of the

following categories: C1: 19,127 kg with an average grade of 5.04 g/t; С2 - 86,263 kg wi9th an average grade of 5.48 g/t.

Methods of preliminary appraisal of the deposit reserves:

Pre-estimation was carried out in expert manner in respect of the project 'Prospecting and Appraisal Operations at Underlying Beds of Olimpiada Deposit'

3. Deposit name: Titimukhta (KRR 02972 BE) Holder of rights to the deposit

Full company name: Polyus Krasnoyarsk Joint-Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Krai, Severo-Yeniseiskyurban-type settlement, ul. Belinskogo, 2-B

INN: 2434000335

OGRN: 1022401504740

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020 registered on the state balance sheet were reserves of the following

categories: С1: 28,180 kg with an average grade of 4.99 g/t; С2: 16,298 kg with an average grade of 3.159 g/t; off-

balance reserves: C1: 2,044 kg; C2: 4,970 kg. Balance ore stockpile: 8,127 kg of gold with an average grade of 1.55

g/t. Off-balance ore stockpile: 5,739 kg of gold with an average grade of 0.616 g/t

Production level for the relevant reporting period(s): 0 kg

4. Deposit name: Blagodatnoye (Olimpiadinskaya area) (KRR 02974 BR) Holder of rights to the deposit

Full company name: Polyus Krasnoyarsk Joint-Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Krai, Severo-Yeniseiskyurban-type settlement, ul. Belinskogo, 2-B

INN: 2434000335

OGRN: 1022401504740

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, Blagodatnoye deposit had on balance: В+C1: 140,818 kg with an average

grade of 2.82 g/t; С2: 39,522 kg with an average grade of 2.25 g/t; off-balance reserves: B+C1: 16,800 kg; C2:

107,837 kg. Balance ore stockpile: 13,678 kg of gold with an average grade of

1.82 g/t. Off-balanceore stockpile: 35,446 kg of gold with an average grade of 0.72 g/t. Projected reserves of P1 category: 178.7 t with an average grade of 1.85 g/t (Territorial Reserves Committee minutes No. 698 of 12.09.2008) Production level for the relevant reporting period(s): 3,696.9 kg

5. Deposit name: Natalka (MAG 04859 BE))

Holder of rights to the deposit

Full company name: Polyus Magadan Joint Stock Company

Abbreviated company name: Polyus Magadan JSC

Location: Omchak settlement, Tenkinsky Urban District, Magadan Oblast

INN: 4906000960

OGRN: 1024900784633

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1: 934,179 kg with an average grade of 1.650 g/t; С2: 212,882 kg with an average grade of 1.878 g/t;

off-balance reserves: 18,493 kg with an average grade of 1.249 g/t; primary ore stockpile: 12,722 kg with an average

grade of 0.996 g/t. Projected reserves of P1 category: 100.0 t.

Production level for the relevant reporting period(s): 3.747.95 kg.

6. Deposit name: Delbe (YaKU 05624 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1: 11,886 kg with an average grade of 1.61 g/t; С2: 13,342 kg with an average grade of 1.35 g/t; off-

balance reserves: C1: 2,277; C2: 10,374 kg; low-grade ore stockpile: 847 kg with an average grade of 0.68 g/t; off-

balance ore stockpile: 86 kg with an average grade of 0.65 g/t.

Production level for the relevant reporting period(s): 830.0 kg.

7. Deposit name: Novoye (YaKU 05622 BE )

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1: 71 kg with an average grade of 1.775 g/t; С2: 41 kg with an average grade of 1.41 g/t; off-balance

reserves: C1: 7 kg; C2: 212 kg; off-balance ore stockpile: 50 kg with an average grade of 0.758 g/t.

8. Deposit name: Kanavnoye (YaKU 05623 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1: 13,956 kg with an average grade of 1.364 g/t; С2: 11,763 kg with an average grade of 1.21 g/t; off-

balance reserves: C1: 8,639; C2: 10,576; primary off-balance ore stockpile:1,390 kg with an average grade of 0.72 g/t.

Production level for the relevant reporting period(s): 191.3 kg.

9. Deposit name: Yakokutskoye (YaKU 05628 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1: 6,988 kg with an average grade of 1.21 g/t; С2: 9,807 kg with an average grade of 1.24 g/t; off-

balance reserves: C1: 1,652 kg: C2: 7,271 kg; off-balance ore stockpile: 282 kg with an average grade of 0.664 g/t.

10. Deposit name: Dorozhnoye (YaKU 05625 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1: 4,002 kg with an average grade of 1.356 g/t; С2: 4,756 kg with an average grade of 1.159 g/t; off-

balance reserves: C1: 762 kg; C2: 3,396 kg; off-balance ore stockpile: 184 kg with an average grade of 0.6 g/t, low-

grade ores: 934 kg..

Production level for the relevant reporting period(s): 587.0 kg.

11. Deposit name: Bokovoye (YaKU 05626 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: C1: 8,131 kg with an average grade of 2.63 g/t; C2: 3,125 kg with an average grade of 1.615 g/t; off-

balance reserves: C2: 1,176 kg; C2: 2,247 kg; low-grade ore stockpile: 101 kg; primary off-balance ore (previously

stockpiled): 64 kg.

Production level for the relevant reporting period(s): 8.1 kg.

12. Deposit name: Porfirovoye (YaKU 05621 BE

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1: 1,147 kg with an average grade of 2.04 g/t; С2: 3,859 kg with an average grade of 2.44 g/t; off-

balance reserves: C1: 371 kg; C2: 1,201 kg; off-balance ore stockpile: 943 kg with an average grade of 0.808 g/t.

13. Deposit name: Severnoye (YaKU 05620 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1: 19,059 kg with an average grade of 1.60 g/t; C2: 2,981 with an average grade of 1.23 g/t; off-balance

reserves: C1: 2,046 kg; C2: 1,661; off-balance ore stockpile: 1,403 kg with an average grade of 0.696 g/t..

14. Deposit name: Tsentralnoye (YaKU 05619 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1: 17,789 kg with an average grade of 1.64 g/t; С2: 6,749 kg with an average grade of 1.51 g/t; off-

balance reserves: C1: 2,066; C2: 2,939 kg; off-balance ore stockpile: 994 kg with an average grade of 0.790 g/t..

15. Deposit name: Yuzhnoye (Pervukhinskoye) (YaKU 05629 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: As of 01.01.2020, the deposit had balance reserves of the following categories: С1: 2.477 kg

with an average grade of 1.265 g/t; C2: 3,267 kg with an average grade of 1.219 g/t; off-balance reserves: C1: 691

kg; C2: 2,923 kg; off-balance ore stockpile: 180 kg with an average grade of 0.675 g/t.

16. Deposit name: Waste dumps of the Kuranakh ore field (YaKU 05627 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

Type of minerals: gold and associated components

Size of proven reserves: As of 01.01.2020, the deposit had balance reserves of the following categories: С1: 22,509 kg

with an average grade of 0.733 g/t; C2: 11,489 kg with an average grade of 0.96 g/t; off-balance reserves: C1: 972 kg with an average grade of 0.731 g/t.

Production level for the relevant reporting period(s): 549.8 kg.

17. Deposit name: Verninskoye (IRK 03464 BR)

Holder of rights to the deposit

Full company name: Polyus Verninskoye Joint-Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: B+С1: 81,913 kg with an average grade of 2,998 g/t; С2: 114,154 kg with an average grade of 2.37 g/t;

off-balance reserves: 2,801 kg with an average grade of 2.942 g/t; primary ore stockpile of С1 category: 16,286 kg

with an average grade of 1.366 g/t; off-balance ores: 5,916 kg with an average grade of 0.914 g/t..

Production level for the relevant reporting period(s): 2018.11 kg.

18. Deposit name: Pervenets (IRK 03455 BR)

Holder of rights to the deposit

Full company name: Polyus Verninskoye Joint-Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk Oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: C1: 5,610 kg with an average grade of 2.82 g/t: С2: 2,274 kg with an average grade of 3.49 g/t; primary

ore stockpile of С1 category: 330 kg with an average grade of 1.15 g/t.

Production level for the relevant reporting period(s): 0 kg.

19. Deposit name: Smezhny site (IRK 03465 BR)

Holder of rights to the deposit

Full company name: Polyus Verninskoye Joint Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: C1: 9,403 kg with an average grade of 2.818 g/t: С2: 4,080 kg with an average grade of 2.191 g/t; off-

balance reserves: 16,683 kg with an average grade of 1.619 g/t.

Production level for the relevant reporting period(s: 135.3 kg

20. Deposit name: Zapadnoye (IRK 03467 BR)

Holder of rights to the deposit

Full company name: Polyus Verninskoye Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: C1: 9,403 kg with an average grade of 2.818 g/t: С2: 4,080 kg with an average grade of 2.191 g/t; off-

balance reserves: 16,683 kg with an average grade of 1.619 g/t.

21. Deposit name: Medvezhy site (Western part) Perevalnoye deposit (IRK 03466 BR)

Holder of rights to the deposit

Full company name: Polyus Verninskoye Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С2: 18,047 kg with an average grade of 5.55 g/t; off-balance reserves: 1,500 kg with an average grade of 2.79 g/t.

22. Deposit name: The Bodaibo River 'Verkhne-Mikhailovskaya terrace' (drag 62 survey loop) (IRK 02452 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+C2: 145 kg; off-balance reserves of С1 category: 1,301 kg.

Production level for the relevant reporting period(s)): 57.6 kg.

23. Deposit name: The Bolshoy Chanchik Brook upstream with the estuary part of the Kopylovsky Brook (IRK 02942 BR))

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+C2: 0 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 0 kg.

24. Deposit name: Feodosiyevsky site (left side of the Bodaibo River valley, in the vicinity of Aprelsky township) (IRK 02943 BR))

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+C2: 113 kg; off-balance reserves of В+С1+С2 categories: 9 kg.

Production level for the relevant reporting period(s): 8.2 kg.

25. Deposit name: The Vacha River (IRK 02262 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 198 kg, off-balance reserves of В+С1+С2 categories: 0 kg.

26. Deposit name: The Maly Patom River, downstream (IRK 02260 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 0 kg, off-balance reserves of В+С1+С2 categories: 380 kg.

Production level for the relevant reporting period(s): 64.4 kg.

27. Deposit name: The Nakatami River, the Bodaibo River's right tributary (IRK 02446 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 852 kg, off-balance reserves of С1+С2 categories: 225 kg.

Production level for the relevant reporting period(s)): 157.2 kg.

28. Deposit name: The Bodaibo River, Prokopyevsky dredge ground (IRK 02444 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1.576 kg, off-balance reserves of С1+С2 categories: 361 kg.

Production level for the relevant reporting period(s): 205.2 kg.

29. Deposit name: The Bodaibo River, at the valley section between Strelochny Brook and Teterinsky Brook (IRK 02437 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 351 kg, off-balance reserves of В+С1+С2 categories: 363 kg.

30. Deposit name: The Bolshoy Alemakit Brook, the Nirunda River's right tributary (IRK 02432 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 94 kg; off-balance reserves of В+С1+С2 categories: 60 kg.

Production level for the relevant reporting period(s): 42.5 kg.

31. Deposit name: The Bolshoy Chanchik Brook, the Bodaibo River's left tributary (IRK 02532 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 176 kg; off-balance reserves of В+С1+С2 categories: 16 kg.

32. Deposit name: The Dogaldyn-Nakatami River (IRK 02448 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 368 kg; off-balance reserves of С1+С2 categories: 29 kg.

Production level for the relevant reporting period(s): 73.5 kg.

33. Deposit name: The Illigiri River, the Bodaibo River's left tributary (IRK 02447 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 375 kg; off-balance reserves of В+С1+С2 categories: 344 kg.

34. Deposit name: The Nizhny Imyanet River, the Bolshoy Balaganakh River's right tributary (IRK 02465 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 261 kg; off-balance reserves of В+С1+С2 categories: 85 kg.

Production level for the relevant reporting period(s): 35.8 kg.

35. Deposit name: The Illigir River, the Zhuya River's left tributary (IRK 02533 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1,503 kg; off-balance reserves of В+С1+С2 categories: 305 kg.

Production level for the relevant reporting period(s): 21.1 kg.

36. Deposit name: The Kadalikan River (within the interval of BL 4 and 47) (IRK 02534 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 2,674 kg; off-balance reserves of В+С1+С2 categories: 89 kg.

Production level for the relevant reporting period(s): 0 kg.

37. Deposit name: The Nirunda River, the Malaya Patoma River's left tributary (IRK 02535 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 819 kg; off-balance reserves of С1+С2 categories: 94 kg.

Production level for the relevant reporting period(s): 54.8 kg.

38. Deposit name: the Pravaya Nakatami River's headstream with tributaries (IRK 02601 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 372 kg; off-balance reserves of В+С1+С2 categories: 62 kg.

Production level for the relevant reporting period(s): 0 kg.

39. Deposit name: The Vasilievsky Brook, the Ugakhan River's right tributary (IRK 02600 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 177 kg; off-balance reserves of С1+С2 categories: 15 kg..

Production level for the relevant reporting period(s): 31.9 kg.

40. Deposit name: The Illigiri River (middle stream and upstream), the Bodaibo River's left tributary (IRK 02549 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 534 kg, off-balance reserves of В+С1+С2 categories: 102 kg.

41. Deposit name: The Oktyabrskaya terrace in the Bodaibo River valley (IRK 02531 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 848 kg; off-balance reserves of В+С1+С2 categories: 14 kg.

42. Deposit name: The Bodaibo River, the Novo-Petrovskaya terrace (IRK 02442 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 344 kg; off-balance reserves of В+С1+С2 categories: 567 kg.

43. Deposit name: The Taimendra River, the Zhuya River's left tributary (IRK 02440 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 106 kg; off-balance reserves of С1+С2 categories: 131 kg.

Production level for the relevant reporting period(s): 34.2 kg.

44. Deposit name: The Bodaibokan River, the Bodaibo River's right tributary (IRK 02434 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following categories: В+С1+С2:

812 kg; off-balance reserves of С1+С2 categories: 804 kg

Production level for the relevant reporting period(s): 102.1 kg.

45. Deposit name: The Bolshoy Chanchik River, the Bodaibo River's left tributary (drag 133 survey loop) (IRK 02431 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 201 kg; off-balance reserves of В+С1+С2 categories: 27 kg.

46. Deposit name: The Bolshoy Balaganakh River, downstream of the Zhuya River's right tributary (IRK 02430 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2209, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 4 kg; off-balance reserves of В+С1+С2 categories: 164 kg.

Production level for the relevant reporting period(s): 22.6 kg.

47. Deposit name: The Bolshoy Balaganakh River, upstream of the Zhuya River's right tributary (IRK 02429 BE))

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 0 kg; off-balance reserves of В+С1+С2 categories: 96 kg.

Production level for the relevant reporting period(s): 0 kg.

48. Deposit name: The Rovny Brook, the Zorinsky Brook's tributary (IRK 03425 BE)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 123800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 57 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 1.9 kg.

49. Deposit name: The Maly Alemakin Brook, the Nirunda River's right tributary (IRK 02463 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: C1+С2: 57 kg; off-balance reserves of В+С1+С2 categories: 8 kg.

Production level for the relevant reporting period(s): 9.0 kg

50. Deposit name: The Marakan Brook, left tributary of the Bolshoi Patom Brook (drag 601 survey loop) (IRK 03454 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 9,564kg; off-balance reserves of С1+С2 categories: 401 kg.

Production level for the relevant period(s): 365.6 kg.

51. Deposit name: The Kamenisty drag survey loop (the Bodaibo River basin) and the Gatchinsky Brook (IRK 01181 BE)

Holder of rights to the deposit

Full company name: Sevzoto Joint-Stock Company

Abbreviated company name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1,181 kg; off-balance reserves of В+С1+С2 categories: 1,091 kg.

Production level for the relevant period(s): 0 kg.

52. Deposit name: The Akanak-Nakatami River upstream (IRK 01602 BR)

Holder of rights to the deposit

Full company name: Sevzoto Joint-Stock Company

Abbreviated company name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 246 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

53. Deposit name: The Bodaibo River upstream higher up of license 01181 BE (IRK 01612 BR)

Holder of rights to the deposit

Full company name: Sevzoto Joint-Stock Company

Abbreviated company name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 0 kg; off-balance reserves of В+С1+С2 categories: 334 kg.

54. Deposit name: The Gromovsky Brook, the Bodaibo River's right tributary (IRK 02520 BE)

Holder of rights to the deposit

Full company name: Sevzoto Joint-Stock Company

Abbreviated company name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 305 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant period(s): 7.1 kg.

55. Deposit name: The Gromovsky Brook (upstream), the Bodaibo River's right tributary (IRK 02545 BR)

Holder of rights to the deposit

Full company name: Sevzoto Joint-Stock Company

Abbreviated company name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 33 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant period(s): 0 kg.

56. Deposit name: The Nirunda River (drag 69 survey loop), the Mal. Patom River's left tributary (IRK 03576 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 14 kg; off-balance reserves of С1+С2 categories: 23 kg.

Production level for the relevant reporting period(s): 0 kg.

57. Deposit name: The Nirunda River (IRK 03577 BE

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 79 kg; off-balance reserves of categories С1+С2: 23 kg.

Production level for the relevant reporting period(s): 2.9 kg.

58. Deposit name: The Bulbukhta River (survey loop of drags 70 and 132), the Chencha River's left tributary (IRK 03592 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1,297 kg; off-balance reserves of С1+С2 categories: 409 kg.

Production level for the relevant reporting period(s): 64.2 kg.

59. Deposit name: The Mal. Patom River (section between the Guindra River and Survey Line 7) (IRK 03578 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 21 kg; off-balance reserves of С1+С2 categories: 139 kg.

Production level for the relevant reporting period(s): 43.5 kg.

60. Deposit name: The Mal. Patom River (valley placer) (IRK 03581 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 51 kg; off-balance reserves of В+С1+С2 categories: 386 kg.

Production level for the relevant reporting period(s): 36.4 kg.

61. Deposit name: The Verkhny Bezymyanny Brook, the Bulbukhta River's left tributary (IRK 03582 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 134 kg; off-balance reserves of С1+С2 categories: 59 kg.

Production level for the relevant reporting period(s): 10.4 kg.

62. Deposit name: The Kigelan (Tigelan) Brook, the Zhuya River's right tributary (IRK 03583 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 392 kg; off-balance reserves of С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 78.1 kg.

63. Deposit name: The left-bank terrace of the Bol. Balaganakh River (IRK 03584 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 171 kg, off-balance reserves of С1+С2 categories: 125 kg.

Production level for the relevant reporting period(s): 0 kg.

64. Deposit name: The right-bank terrace of the Bol. Balaganakh River (IRK 03553 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 10538020119886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 26 kg, off-balance reserves of С1+С2 categories: 0 kg.

65. Deposit name: The Bolshoy Semikach Brook, the Khomolkho River's left tributary (IRK 02684 BE)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly CJSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 0 kg; off-balance reserves of В+С1+С2 categories: 6 kg.

66. Deposit name: The Bol. Kuduskit Brook's terrace, the Vacha River's left tributary (IRK 01236 BE)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly CJSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 67 kg; off-balance reserves of В+С1+С2 categories: 15 kg.

67. Deposit name: The Bol. Bezymyanka Brook, the Nygri River's right tributary (IRK 01238 BE)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 7 kg; off-balance reserves of В+С1+С2 categories: 28 kg.

Production level for the relevant reporting period(s): 0 kg.

68. Deposit name: The Kadal-Makitskaya terrace, the Khomolkho River valley (IRK 01239 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 7 kg; off-balance reserves of В+С1+С2 categories: 7 kg.

Production level for the relevant reporting period(s): 3.1 kg.

69. Deposit name: The Nygri River, up the Teply Brook's estuary ('Right Slope Terrace') (IRK 01243 BR))

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1 kg; off-balance reserves of В+С1+С2 categories: 1 kg.

Production level for the relevant reporting period(s): 0 kg.

70. Deposit name: The Nygri River, lower section (drag 114 survey loop) (IRK 01245 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1,074 kg; off-balance reserves of В+С1+С2 categories: 281 kg.

Production level for the relevant reporting period(s): 258.9 kg.

71. Deposit name: The Shiroky Brook, the Ugakhan River's left tributary (IRK 01246 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 88 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 13.2 kg.

72. Deposit name: The Nygri River, upper section (IRK 01248 BE)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 2,212 kg; off-balance reserves of В+С1+С2 categories: 601 kg.

Production level for the relevant reporting period(s): 33.8 kg.

73. Deposit name: The Sukhoi Log Brook, the Nygri River's right tributary (IRK 01250 BE)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 17 kg; off-balance reserves of В+С1+С2 categories: 9 kg.

Production level for the relevant reporting period(s): 13.2 kg.

74. Deposit name: The Khomolkho Brook (drag 66 survey loop) (IRK 01305 BE)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 769 kg; off-balance reserves of В+С1+С2 categories: 62 kg.

Production level for the relevant reporting period(s): 36.0 kg.

75. Deposit name: The Atyrkan-Berikan Brook, the Vacha River's left tributary (IRK 14596 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 518 kg; off-balance reserves of В+С1+С2 categories: 40 kg.

Production level for the relevant reporting period(s): 34.4 kg.

76. Deposit name: The right bank of the Khomolkho Brook, from license 01239 BR to the Illigir Brook (IRK 02047 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1 kg; off-balance reserves of В+С1+С2 categories: 37 kg.

Production level for the relevant reporting period(s): 0 kg.

77. Deposit name: The left bank of the Khomolkho Brook, from the Imnyakh River to the Illigir Brook (IRK 02048 BR )

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 329 kg; off-balance reserves of В+С1+С2 categories: 94 kg.

Production level for the relevant reporting period(s): 4.8 kg.

78. Deposit name: The Nygri River's left terrace with the Mordovsky Brook (IRK 02106 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 96 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

79 Deposit name: The Alexandrovsky Brook, the Nygri River's left tributary (IRK 02136 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 54 kg; off-balance reserves of В+С1+С2 categories: 12 kg.

Production level for the relevant reporting period(s): 7.5 kg.

80. Deposit name: The Nygri River (upstream of the Zorinsky Brook) (IRK 02190 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 386 kg; off-balance reserves of В+С1+С2 categories: 275 kg.

Production level for the relevant reporting period(s): 0 kg.

81. Deposit name: The Bol. Bezymyanka Brook, the Nygri River's right tributary (IRK 02191 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 39 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 0 kg.

82. Deposit name: The Nygri River (downstream), left-bank terraces (IRK 02332 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 7 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 1.0 kg.

83. Deposit name: The Nygri River (downstream, right-bank terraces) (IRK 02333 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

GRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 4 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 3.7 kg.

84. Deposit name: The Nygri River, downstream (right terrace) (IRK 02547 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 11 kg; off-balance reserves of В+С1+С2 categories: 2 kg.

85. Deposit name: The Nygri River, downstream (right terrace) (IRK 02548 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 5 kg; off-balance reserves of В+С1+С2 categories: 6 kg.

86. Deposit name: The Vasilyevsky Brook's head stream, the Ugakhan River's right tributary (IRK 02683 BE)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were balance reserves of the following

categories: В+С1+С2: 8 kg; off-balance reserves of В+С1+С2 categories: 2 kg.

87. Deposit name: The B. Bezumyanka Brook and the M. Bezymyanka Brook, the Nygri River's right tributaries (IRK 02703 BR)

Holder of rights to the deposit

Full company name: Svetly Joint-Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were balance reserves of the following

categories: В+С1+С2: 33 kg, off-balance reserves of В+С1+С2 categories: 7 kg.

88. Deposit name: The B. Dagaldyn Brook (Sergovsky survey loop) (IRK 01183 BE)

Holder of rights to the deposit

Full company name: Lensib Closed Joint-Stock Company

Abbreviated company name: Lensib CJSC

Location: Russian Federation, 666910, Irkutsk oblast, Bodaibo, ul. 30 let Pobedy 22a

INN: 3802005464

OGRN: 1023800731745

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 74 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 70.1 kg.

89. Deposit name: Sergovsky drag survey loop (the Pravy Dagaldan River and the Levy Dagaldyn River) (IRK 01185 BE)

Holder of rights to the deposit

Full company name: Lensib Closed Joint-Stock Company

Abbreviated company name: Lensib CJSC

Location: Russian Federation, 666910, Irkutsk oblast, Bodaibo, ul. 30 let Pobedy 22a

INN: 3802005464

OGRN: 1023800731745

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 29 kg; off-balance reserves of В+С1+С2 categories: 27 kg.

Production level for the relevant reporting period(s): 59.3 kg.

90. Deposit name: The Bodaibo River, Aprelsky survey loop (IRK 01289 BE)

Holder of rights to the deposit

Full company name: Lensib Closed Joint-Stock Company

Abbreviated company name: Lensib CJSC

Location: Russian Federation, 666910, Irkutsk oblast, Bodaibo, ul. 30 let Pobedy 22a

INN: 3802005464

OGRN: 1023800731745

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1,786 kg; off-balance reserves of В+С1+С2 categories: 1,356 kg.

Production level for the relevant reporting period(s): 112.7 kg.

91. Deposit name: The Smolny Brook, the Bol. Dogaldyn River's right tributary (IRK 01534 BR)

Holder of rights to the deposit

Full company name: Lensib Closed Joint-Stock Company

Abbreviated company name: Lensib CJSC

Location: Russian Federation, 666910, Irkutsk oblast, Bodaibo, ul. 30 let Pobedy 22a

INN: 3802005464

OGRN: 1023800731745

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 54 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 0.0 kg.

92. Deposit name: The Vacha River (from BL - 654 to the Yelovy Brook's estuary) (IRK 01643 BR)

Holder of rights to the deposit

Full company name: Lensib Closed Joint-Stock Company

Abbreviated company name: Lensib CJSC

Location: Russian Federation, 666910, Irkutsk oblast, Bodaibo, ul. 30 let Pobedy 22a

INN: 3802005464

OGRN: 1023800731745

Type of minerals: production gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 228 kg; off-balance reserves of В+С1+С2 categories: 62 kg.

93. Deposit name: The Bolshoy Dogaldyn Brook, estuary part (IRK 01766 BR)

Holder of rights to the deposit

Full company name: Lensib Closed Joint-Stock Company

Abbreviated company name: Lensib CJSC

Location: Russian Federation, 666910, Irkutsk oblast, Bodaibo, ul. 30 let Pobedy 22a

INN: 3802005464

OGRN: 1023800731745

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1,641 kg; off-balance reserves of В+С1+С2 categories: 9 kg.

Production level for the relevant reporting period(s): 79.7 kg.

94. Deposit name: The Bodaibo River, Vasilyevsky drag survey loop (IRK 03039 BE)

Holder of rights to the deposit

Full company name: Sevzoto Joint-Stock Company

Abbreviated company name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

Type of minerals: placer gold

Size of proven reserves: As of 26.12.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 416 kg; off-balance reserves of В+С1+С2 categories: 28 kg.

Production level for the relevant reporting period(s): 0 kg.

95. Deposit name: The Khodokan Brook (Maly Khodokan) (IRK 03552 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 31 kg; off-balance reserves of В+С1+С2 categories: 0 kg.

Production level for the relevant reporting period(s): 0 kg.

96. Deposit name: The Ikibzyak River, the Mamakan River's left tributary (IRK 03133 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 5,662 kg, off-balance reserves of С2 category: 69 kg.

Production level for the relevant reporting period(s): 0 kg.

97. Deposit name: The Ugakhan River, middle stream and upstream (IRK 03132 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 394kg, off-balance reserves of В+С1+С2 categories: 258 kg.

Production level for the relevant reporting period(s): 19.3 kg.

98. Deposit name: The Ugakhan River (downstream) (IRK 03172 BE))

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: B+С1+С2: 3,289 kg, off-balance reserves of B+C1+С2 category: 0 kg.

Production level for the relevant reporting period(s): 77.3 kg.

99. Deposit name: The Bodaibo River, left side of Oktyabrskaya terrace (IRK 03247 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: C1+C2: 1,011 kg, off-balance reserves of С2 category: 18 kg.

100. Deposit name: Left bank of the Ugakhan River, downstream from Shmotinski Brook (IRK 03270 BP)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: C1+C2: 0 kg, off-balance reserves of С2 category: 0 kg.

Production level for the relevant reporting period(s): 0 kg.

101. Deposit name: The Rovny Brook, the Marakan River's left tributary (IRK 03394 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 38 kg, off-balance reserves of С1+С2 categories: 14 kg.

Production level for the relevant reporting period(s): 0 kg.

102. Deposit name: Sukhoi Log (IRK 16325 BE)

Holder of rights to the deposit

Full company name: SL Zoloto Limited Liability Company

Abbreviated company name: SL Zoloto LLC

Location: Russian Federation, Krasnoyarsk Kraj (Territory)

INN: 2460097355

OGRN: 1162468090971

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: В+С1+С2: 1,942,591 kg, off-balance reserves of В+С1+С2 categories: 740,614 kg.

103. Deposit name: The Molvo River, midstream (IRK 03340 BP)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, no reserves were registered

104. Deposit name: The Pavlovsky Brook (IRK 03393 BP)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, no reserves were registered

105. Deposit name: The Veselyayevsky Brook, the Marakan River's left tributary (IRK 03409 BE))

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 1,180 kg, off-balance reserves of С1+С2 categories: 451 kg

Production level for the relevant reporting period(s): 38.7 kg.

106. Deposit name: The Mustakh Brook, the Marakan River's right tributary (IRK 03449 BE)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 384 kg, off-balance reserves of С1+С2 categories: 0 kg.

107. Deposit name: Chertovo Koryto (IRK 03289 BR)

Holder of rights to the deposit

Full company name: Tonoda Joint Stock Company

Abbreviated company name: Tonoda JSC

Location: Russian Federation, Bodaibo, Irkutsk oblast, Bodaibo

INN: 3809022532

OGRN: 1023801005029

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 87,198 kg, with an average grade of 2.37 g/t, off-balance reserves of С1+С2 categories: 15,133 kg, with an average grade of 0.71 g/t.

108. Deposit name: Razdolinski RU (KRR 14146 BR)

Holder of rights to the deposit

Full company name: Krasnoyarsk Geological Exploration Enterprise (Krasnoyarskoye geologorazvedochnoye predpriyatiye) Limited Liability Company

Abbreviated company name: Krasnoyarsk GRP LLC

Location: Russian Federation, Krasnoyarsk kraj, Krasnoyarsk

INN: 2460079356

OGRN: 1062460048188

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 106,594 kg, with an average grade of 3.88 g/t, off-balance reserves of С1+С2 categories: 4,601 kg, with an average grade of 2.92 g/t.

109. Deposit name: Panimbinski RU (KPP 01710 BR)

Holder of rights to the deposit

Full company name: Krasnoyarsk Geological Exploration Enterprise (Krasnoyarskoye geologorazvedochnoye predpriyatiye) Limited Liability Company

Abbreviated company name: Krasnoyarsk GRP LLC

Location: Russian Federation, Krasnoyarsk kraj, Krasnoyarsk

INN: 2460079356

OGRN: 1062460048188

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 63,672 kg, with an average grade of 2.33 g/t, off-balance reserves of С1+С2 categories: 10,833 kg, with an average grade of 2.05 g/t.

110. Deposit name: Bamski ore gold field (BLG 01989 BR)

Holder of rights to the deposit

Full company name: Amur Geological Exploration Enterprise (Amurskoye geologorazvedochnoye predpriyatiye)

Limited Liability Company

Abbreviated company name: Amur GRP LLC

Location: Russian Federation, Moscow

INN: 7703636836

OGRN: 5077746949033

Type of minerals: ore gold

Size of proven reserves: As of 20.04.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 99,696 kg, with an average grade of 5.45 g/t; off-balance reserves of С1+С2 categories: 228 kg, with an average grade of 2.74 g/t (minutes of GKZ (State Commission on Mineral Reserves) 5,340 of 16.03.2018)

111. Deposit name: Degdekanskoye RU (MAG 14155 BR

Holder of rights to the deposit

Full company name: Magadan Geological Exploration Enterprise (Magadanskoye geologorazvedochnoye predpriyatiye) Limited Liability Company

Abbreviated company name: Magadan GRP LLC

Location: Russian Federation, 686070, Magadan Oblast, Tenkinsky Rajon, Matrosova settlement

INN: 4906060327

OGRN: 1064911008689

Type of minerals: ore gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 38,624 kg, with an average grade of 2.24 g/t, off-balance reserves of С1+С2 categories: 60,934 kg, with an average grade of 1.37 g/t.

112. Deposit name: Flanks of Severnoye deposit (Yaku 05575 BP)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Russian Federation, Sakha Republic (Yakutia), Aldansky Rajon, Nizhny Kuranakh settlement, ul.

Stroitelnaya 14 INN: 1402046085 OGRN: 1051400027579

Type of minerals: gold

Size of proven reserves: 0

113. Deposit name: Purpolskaya area (IRK 03535 BP)

Holder of rights to the deposit

Full company name: Tonoda Joint-Stock Company

Abbreviated company name: Tonoda JSC

Location: Russian Federation, Irkutsk Oblast, Bodaibo

INN: 3809022532

OGRN: 1023801005029

Type of minerals: ore gold

Size of proven reserves: 0 kg.

114 Deposit name: flanks of Sukhoi Log ore gold deposit (IRK 03555 BP)

Holder of rights to the deposit

Full company name: SL Zoloto Limited Liability Company

Abbreviated company name: SL Zoloto LLC

Location: Russian Federation, Krasnoyarsk

INN: 2460097355

OGRN: 1162468090971

Type of minerals: gold from hardrock (ore) deposits, silver from hardrock (ore) deposits.

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: B+С1: 1,378,901 kg, with an average grade of 2.077 g/t, off-balance reserves of С2 category: 740,614 kg, with an average grade of 0.512 g/t.

115. Deposit name: the Dogaldyn Brook, right tributary of the Ugakhan River (IRK 03586 BR)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Preliminary assessment of the deposit reserves: As of 01.01.2020, registered on the state balance sheet were reserves of

the following categories: C1+C2: 88 kg; off-balancereserves of C1+C2 categories: 14 kg. Methods of preliminary assessment of the deposit reserves:

116. Deposit name: the Chulbangro Brook valley (BLG 03380 BE)

Holder of rights to the deposit

Full company name: Amur Geological Exploration Enterprise (Amurskoye geologorazvedochnoye predpriyatiye)

Limited Liability Company

Abbreviated company name: Amur GRP LLC

Location: Russian Federation, Moscow

INN: 7703636836

OGRN: 5077746949033

Type of minerals: placer gold

Size of proven reserves: 0 kg.

117. Deposit name: Kadalikanskaya Area (IRK 03590 BP)

Holder of rights to the deposit

Full company name: Polyus Verninskoye Joint Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

Type of minerals: ore gold

Size of proven reserves: 0 kg.

118. Deposit name: The Rybnaya River with tributaries (KRR 02553 BE)

Holder of rights to the deposit

Full company name: Krasnuyarsk Geolobical Exploration Enterprise Limited Liability Company

Abbreviated company name: Krasnoyarsk GRP LLC

Location: Russian Federation, Krasnoyarsk Kraj (Territory), ul. Krasnoy Gvardii 24, office 2

INN: 2460079356

OGRN: 1062460048188

Type of minerals: placer gold

Size of proven reserves: 0 kg.

119. Deposit name: Svetlaya Area (KRR 03169 BP)

Holder of rights to the deposit

Full company name: Krasnoyarsk Geolobical Exploration Enterprise Limited Liability Company

Abbreviated company name: Krasnoyarsk GRP LLC

Location: Russian Federation, Krasnoyarsk Kraj (Territory), ul. Krasnoy Gvardii 24, office 2

INN: 2460079356

OGRN: 1062460048188

Type of minerals: ore gold

Size of proven reserves: 0 kg.

120. Deposit name: Flanks of deposit under development Dorozhnoye (YaKU 05938 BP)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Russian Federation, Sakha Republic (Yakutia), Aldan Rajon (District), Nizhky Kuranakh settltment, ul

Stroitelnaya 14 INN: 1402046085

OGRN: 1051400027579

Type of minerals: ore gold

Size of proven reserves: 0 kg.

121. Deposit name: Flanks of developed Kanavnoye deposit of Kuranakh ore field (YaKU 05990 BP)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Russian Federation, Sakha Republic (Yakutia), Aldan Rajon (District), Nizhky Kuranakh settltment, ul

Stroitelnaya 14 INN: 1402046085

OGRN: 1051400027579

Type of minerals: ore gold

Size of proven reserves: 0 kg.

122. Deposit name: Flanks of deposit under development Tsentralnuye of Kuranakh ore field (YaKU 05991 BP)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Russian Federation, Sakha Republic (Yakutia), Aldan Rajon (District), Nizhky Kuranakh settltment, ul

Stroitelnaya 14 INN: 1402046085

OGRN: 1051400027579

Type of minerals: ore gold

Size of proven reserves: 0 kg.

123. Deposit name: Severo-Poniyskaya Area (KhAB 03001 BP)

Holder of rights to the deposit

Full company name: Polyus Magadan Joint Stock Company

Abbreviated company name: Polyus Magadan JSC

Location: Omchak settlement of Tenkinsky urban district, Magadan Oblast (Region)

INN: 4906000960

OGRN: 1024900784633

Type of minerals: ore gold

Size of proven reserves: 0 kg.

124. Deposit name: Flanks of deposit under development Yakokutskoye of Kuranakh ore field (YaKU 05628 BE) (YaKU 06151 BP)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Russian Federation, Sakha Republic (Yakutia), Aldan Rajon (District), Nizhky Kuranakh settltment, ul

Stroitelnaya 14 INN: 1402046085

OGRN: 1051400027579

Type of minerals: ore gold

Size of proven reserves: 0 kg.

125. Deposit name: Geological (flank of Natalka) (MAG 04980 BP)

Holder of rights to the depoist

Full company name: Polyus Magadan Joint Stock Company

Abbreviated company name: Polyus Magadan JSC

Location: Omchak settlement of Tenkinsky urban district, Magadan Oblast (Region)

INN: 4906000960

OGRN: 1024900784633

Type of minerals: ore gold

Size of proven reserves: 0 kg.

126. Deposit name: Omchak (MAG 04981 BP)

Holder of rights to the deposit

Full company name: Magadan Geological Exploration Enterprise Limited Liability Company

Abbreviated company name: Magadan GRP LLC

Location: Russian Federation, 686070, Magadan Oblast (Region), Tenkinsky Rajon (District), Matrosova settlement

INN: 4906060327

OGRN: 1064911008689

Type of minerals: ore gold

Size of proven reserves: 0 kg.

127. Deposit name: Svetlaya Area (KRR 03351 BP)

Holder of rights to the deposit

Full company name: Krasnoyarsk Geolobical Exploration Enterprise Limited Liability Company

Abbreviated company name: Krasnoyarsk GRP LLC

Location: Russian Federation, Krasnoyarsk Kraj (Territory), ul. Krasnoy Gvardii 24, office 2

INN: 2460079356

OGRN: 1062460048188

Type of minerals: ore gold

Size of proven reserves: 0 kg.

128. Deposit name: Somnitelnoye (YaKU 06276 BE)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Russian Federation, Sakha Republic (Yakutia), Aldan Rajon (District), Nizhky Kuranakh settltment, ul

Stroitelnaya 14 INN: 1402046085

OGRN: 1051400027579

Type of minerals: ore gold

Size of proven reserves: 0 kg.

129. Deposit name: Potapovskaya Area (IRK 03689 BP)

Holder of rights to the deposit

Full company name: Tonoda Joint Stock Company

Abbreviated company name: Tonoda JSC

Location: Russian Federation, Irkutsk Oblast (Region), Bodaibo

INN: 3809022532

OGRN: 1023801005029

Type of minerals: ore gold

Size of proven reserves: 0 kg.

130. Deposit name: The Zorinsky Brook, tribute of the Nygri River (IRK 03690 BR)

Holder of rights to the deposit

Full company name: Svetly Joint Stock Company

Abbreviated company name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk Oblast (Region), Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020 registered on the state balance sheet were reserves of the following

categories: C1+C2: 125 kg? off-balance reserves of C1+C2 categories: 0 kg

131. Deposit name: Verninskoye (IRK 03961 BR)

Holder of rights to the deposit

Full company name: Polyus Verninskoye Joint Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk Oblast (Region), Bodaibo

INN: 3802008546

OGRN: 1023800732889

Type of minerals: silver, lead, zink

Size of proven reserves: 0 kg.

Licenses to subsoil use obtained by the Issuer or by its controlled entities for the use of deposits of material financial and economic significance for the Issuer

Licensed legal entity

Full company name: Polyus Krasnoyarsk Joint Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Kraj (Territory), Severo-Yeniseisky Rajon (District), Severo-Yeniseiskyurban-type settlement, ul. Belinskogo 2-B

INN: 2434000335

OGRN: 1022401504740

132. Deposit name: Yuzhno-Poputninskaya Area (KRR 03397 BP)

Holder of rights to the deposit

Full company name: Polyus Krasnoyarsk Joint-Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Krai, Severo=Yeniseisky Rajon, Severo-Yeniseiskyurban-type settlement, ul. Belinskogo, 2-B

INN: 2434000335

OGRN: 1022401504740

Type of minerals: ore gold

Size of proven reserves: 0 kg.

133. Deposit name: Olbotskaya Area (MAG 05113 BP)

Holder of rights to the deposit

Full company name: Polyus Magadan Joint Stock Company

Abbreviated company name: Polyus Magadan JSC

Location: Omchak settlement of Tenkinsky urban district, Magadan Oblast (Region)

INN: 4906000960

OGRN: 1024900784633

Type of minerals: ore gold

Size of proven reserves: 0 kg.

134. Deposit name: The Olbot Brook, left tributary of the Ayan-Yuryakh River (MAG 05148 BP)

Holder of rights to the deposit

Full company name: Polyus Magadan Joint Stock Company

Abbreviated company name: Polyus Magadan JSC

Location: Omchak settlement of Tenkinsky urban district, Magadan Oblast (Region)

INN: 4906000960

OGRN: 1024900784633

Type of minerals: ore gold

size of proven reserves: 0 kg.

135. Deposit name: Yuzhno-Poputninskaya Area(KRR 03397 BP)

Holder of rights to the deposit

Full company name: Polyus Krasnoyarsk Joint Stock Company

Abbreviated company name: Polyus Krasnoyarks JSC

Location: 663282, Krasnoyarsk Kraj (Territory), Severo-Yeniseisky Rajon (District), Severo-Yeniseiskyurban-type settlement, ul. Belinskogo 2-B

INN: 2434000335

OGRN: 1022401504740

Type of minerals: ore gold

Size of proven reserves: 0 kg.

136. Deposit name: Svetlaya Area (KRR 03351 BP)

Holder of rights to the deposit

Full company name: Krasnoyarsk Geological Exploration Enterprise Limited Liability Company

Abbreviated company name: Krasnoyarks GRP LLC

Location: Russian Federation, Krasnoyarsk Kraj (Territory), Krasnoyarsk, ul. Krasnoy Gvardii 24, office 2

INN: 2460079356

OGRN: 1062460048188

Type of minerals: ore gold

Size of proven reserves: 0 kg.

137. Deposit name: Verkhneamginsky-1 (YaKU 06496 BP)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Russian Federation, Sakha Republic (Yakutia), Aldan Rajon (District), Nizhny Kuranakh settlement, ul.

Stroitelnaya 14 INN: 1402046085 OGRN: 1051400027579

138. Deposit name: Verkhneamginsky-2 (YaKU 06497 BP)

Holder of rights to the deposit

Full company name: Polyus Aldan Joint Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Russian Federation, Sakha Republic (Yakutia), Aldan Rajon (District), Nizhny Kuranakh settlement, ul.

Stroitelnaya 14 INN: 1402046085

OGRN: 1051400027579

139. Deposit name: Radostny Field (IRK 03740 BP)

Holder of rights to the deposit

Full company name: SL Zoloto Limited Liability Company

Abbreviated company name: SL Zoloto LLC

Location: Russian Federation, Krasnoyarsk

INN: 2460097355

OGRN: 1162468090971

Type of minerals:

Size of proven reserves:

140. Deposit name: Right flank of the Vasilyevsky Brook placer, right tributary of the Ugakhan River (IRK 03738 BP)

Holder of rights to the deposit

Full company name: Lenzoloto Gold-Mining Company Joint Stock Company

Abbreviated company name: ZDK Lenzoloto JSC

Location: Russian Federation, 666904, Irkutsk Oblast (Region), Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

Type of minerals: placer gold

Size of proven reserves: As of 01.01.2020, registered on the state balance sheet were reserves of the following

categories: С1+С2: 0 kg., off-balance reserves of C2 category: 0 kg.

Production level for the relevant reporting period(s): 0 kg.

Licensed legal entity

Full company name: Polyus Krasnoyarsk Joint Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Kraj (Territory), Severo-Yeniseisky Rajon (District), Severo-Yeniseiskyurban-type settlement, ul. Belinskogo 2-B

INN: 2434000335

OGRN: 1022401504740

1. License number: KRR 02973 BE Date of licensing: 19.10.2017 License effective until: 31.12.2027
Development of Olimpiadinskoye ore gold deposit.
Grounds for license extension: fulfillment of the terms of license agreements, coordinated development project.
Grounds for licensing: Order of Tsentrsibnedra No. 734 of 18.10.2017 on reissuance of license KRR 02839 BE. Description of the subsoil plot granted for use:
The subsoil plot is located in Severo-Yeniseisky District, Krasnoyarsk Territory, 60 km to the South-West of Severo-Yeniseiskyurban-type settlement. Area: 368 ha.
License type: Minerals prospecting and extraction
Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of such obligations:
The level of crude minerals production and the timeline of reaching the design capacity are determined by the technical project of the deposit development. The mineral raw materials extracted from the subsoil are owned by the subsoil user. The subsoil user is entitled to utilize the waste of its mining and related processing facilities. The subsoil user must annually, no later than by 15 February of the year following the reporting year, provide for the relevant territorial body of the Federal Agency for Subsoil Use an information report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by the Federal Agency for Subsoil Use and its territorial bodies. Taken from the old terms (5-gr,70-tp, and 71-tp with explanatory note). No later than 1 year before the scheduled time of the deposit development completion - preparation and approval in accordance with the established procedure of technical project of abandonment or shutdown of mine roadways, boreholes, and other underground facilities, as coordinated in accordance with the RF Law 'On Subsoil'.
The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the License terms, as well as any factors that may affect negatively the fulfillment of the License obligations with the probability of their occurrence:
the obligations are fulfilled. The deposit is being developed in line with the approved designs, coordinated annual mining plans, and operating rules. The terms of the license agreement with regard to mineral extraction are being fulfilled in advance of the schedule and in larger amounts. All payments are effected in a timely manner in line with the tax legislation and subsoil legislation of the Russian Federation.
Factors that may affect negatively the fulfillment of the obligations under the License and the probability of their occurrence:
untimely financing of operations;
force majeure circumstances.

Licensed legal entity

Full company name: Polyus Krasnoyarsk Joint-Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Krai, Severo-Yeniseisky Rajon, Severo-Yeniseiskyurban-type settlement, ul. Belinskogo, 2-B

INN: 2434000335

OGRN: 1022401504740

2. License number: KRR 02975 BP Date of licensing: 05.07.2016

License effective until: 10.06.2021 BP, Olimpiadinskoye deposit (lower level)

The subsoil plot has the status of geological allotment with limit on depth below the 1,000 m mark from the daylight surface (below +50 m level) to the depth of mineralization extension.

Grounds for licensing: Oreder of Tsentrsibnedra No. 736 of 19.10.2017 on reissuance of license KRR 02841.

Addendum of31.01.2018

Description of the subsoil plot granted for use:

The subsoil plot is located 80 km to the south of Severo-Yeniseiskyurban-type settlement, Severo-Yeniseisky District, Krasnoyarsk Territory. Area: 1,059 ha.

License type: For geological exploration of lower levels of the mineral deposit under development

Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligations:

No later than 10.06.2020 presentation for state expert review in accordance with the Russian Federation Law 'On Subsoil' of materials on results of subsoil geological exploration prepared in line with the established procedure. The terms determining the types and extent of works for geological survey and appraisal of mineral deposits and the timeline thereof are determined by projects of operations for subsoil geological exploration approved in accordance with the established procedure. The mineral raw materials extracted from the subsoil are owned by the subsoil user. The subsoil user is entitled to utilize the waste of its mining and related processing facilities. The subsoil user must

annually, no later than by 15 February of the year following the reporting year, provide for the relevant territorial body of the Federal Agency for Subsoil Use an information report on the operations carried out on the subsoil plot granted for operation, in accordance with the procedure established by the Federal Agency for Subsoil Use and its territorial bodies..

Obligatory payments to be made by the subsoil user under the License terms: For the purposes of geological survey and appraisal of mineral deposits, for the whole area of the subsoil plot granted for operation, with the exception of the areas of discovered deposits, payment is collected at the rate of RUR250 per km2.

The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the License terms, as well as any factors that may affect negatively the fulfillment of the License obligations with the probability of their occurrence:

The obligations are duly met.

Factors that may affect negatively the fulfillment of the obligations under the License and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed legal entity

Full company name: Polyus Krasnoyarsk Joint-Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Krai, Severo-Yeniseisky Rajon, Severo-Yeniseiskyurban-type settlement, ul. Belinskogo, 2-B

INN: 2434000335

OGRN: 1022401504740

3. License number: KRR 02972 BE Date of licensing: 19.10.2017 License effective till: 31.12.2023
BE, Titimukhta deposit
Grounds for license extension: necessity to complete the deposit development and abandonment operations.
Grounds for licensing: Order of Tsentrsibnedra of 18.10.2017 No. 733 on reissuance of license KRR 02838 BE. Description of the subsoil plot granted for operation:
The subsoil plot is located in the Severo-Yeniseisky Rajon, Krasnoyarsk Krai, 50 km away Severo-Yeniseiskyurban-type settlement. Area: 1.73 sq. km..
License type: Minerals survey and mining.
Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:
The level of crude minerals production and the timeline of reaching the design capacity are determined by the technical project of the deposit development. The mineral raw materials extracted from the subsoil are owned by the subsoil user. The subsoil user is entitled to utilize the waste of its mining and related processing facilities. The subsoil user must annually, no later than by 15 February of the year following the reporting year, provide for the relevant territorial body of the Federal Agency for Subsoil Use an information report on the operations carried out on the subsoil plot granted for operation, in accordance with the procedure established by the Federal Agency for Subsoil Use and its territorial bodies. No later than 1 year before the scheduled time of the deposit development completion - preparation and approval in accordance with the established procedure of technical project of abandonment or shutdown of mine roadways, boreholes, and other underground facilities, as coordinated in accordance with the RF Law 'On Subsoil'.
Obligatory payments to be made by the subsoil user under the License terms: one-timepayment of RUR298,850,200 for subsoil use following the bidding results; the rates of taxes and subsoil use payments are established in line with the tax legislation and the subsoil legislation of the Russian Federation.
The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the License, as well as any factors that may affect negatively the fulfillment of obligations under the License with the probability of their occurrence:
the geological operations have been conducted in due time in line with the License Agreement. The reserves of the deposit have been registered on the state balance sheet. Engineering design of the License Area development has been prepared. The facility was commissioned in April 2009.
all payments are being effected in a timely manner in line with the tax legislation and the subsoil legislation of the Russian Federation.
Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:
untimely financing of operation;
complication of the geological structure and the nature of deposit gold mineralization;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Krasnoyarsk Joint-Stock Company

Abbreviated company name: Polyus Krasnoyarsk JSC

Location: 663282, Krasnoyarsk Krai, Severo-Yeniseisky Rajon, Severo-Yeniseiskyurban-type settlement, ul. Belinskogo, 2-B

INN: 2434000335

OGRN: 1022401504740

4. License number: KRR 02974 BR (Olimpiadinskaya area) Date of licensing: 20.10.2017

License effective till: 31.12.2028

BR, Olimpiadinskaya area.

Grounds for license extension: necessity to complete the deposit development and abandonment operations provided the terms of the license agreement are fulfilled.

Grounds for licensing: Order of Tsentrsibnedra of 19.10.2017 No. 735 on reissuance of license KRR 02974. Description of the subsoil plot granted for operation:

The License Area is located 30-75 km south of Severo-Yeniseiskyurban-type settlement, Krasnoyarsk Krai, RF. Area: 1,413.09 sq. km, including the area of Blagodatnoye deposit, 5.0 sq. km.

License type: Geological exploration including survey and appraisal of mineral deposits, minerals prospecting and mining, including utilization of waste of mining and related processing facilities. Changes of 05.08.2016 (Olimpiadinskaya Area).

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The level of crude minerals production and the timeline of reaching the design capacity are determined by the technical project of the deposit development. The mineral raw materials extracted from the subsoil are owned by the subsoil user. The subsoil user is entitled to utilize the waste of its mining and related processing facilities. The subsoil user must annually, no later than by 15 February of the year following the reporting year, provide for the relevant territorial body of the Federal Agency for Subsoil Use an information report on the operations carried out on the subsoil plot granted for operation, in accordance with the procedure established by the Federal Agency for Subsoil Use and its territorial bodies. No later than 1 year before the scheduled time of the deposit development completion - preparation and approval in accordance with the established procedure of technical project of abandonment or shutdown of mine roadways, boreholes, and other underground facilities, as coordinated in accordance with the RF Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: For the purposes of mineral survey, for the area of the subsoil plot on which the deposits of the relevant mineral (with the exception of the area of the mining allotment and/or the mining allotments verified by mining allotment certificates) are established and entered in the State Register of Reserves: the rates of payments, in rubles for 1 km2 per year; starting from the year 2010 and for the subsequent years: 18 18,000.

The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the License, as well as any factors that may affect negatively the fulfillment of the obligations under the License with the probability of their occurrenc:

within the framework of the first stage of geological survey on the Olimpiadinskaya area, prospecting has been completed at 7 sites and prospecting and estimation has been completed at 2 ore occurrences (Olenye, Blagodatnoye). At two exploration sites (Talovsky and Kirkilovsky) gold mineralization has been revealed and carrying out prospecting and estimation operations has been recommended.

Five exploration sites have been found unpromising. Following the results of prospecting and estimation, the ore gold reserves at Blagodatnoye deposit have been confirmed: minutes of the Rosnedra State Reserves Committee No. 1081 of September 24, 2005; minutes of the Territorial Reserves Committee No. 698 of 12.09.2008.

In 2009 stage II exploration within the framework of the geological survey of the Olimpiadinskaya area was completed. Geological report on the prospecting and evaluation results was considered at meeting of the Scientific and Technical Council of Krasnoyarsknedra in April 2010. In 2009 engineering design for Blagodatnoye gold-ore deposit development was coordinated. In July 2010, ZIF-4 was launched at Blagodatnoye deposi.

all payments are paid in a timely manner and in line with the tax legislation and the subsoil legislation of the Russian Federation..

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
complication of the geological structure and the nature of the deposit's gold mineralization;
mining loss;
force majeure circumstances.

Licensed legal entity

Full company name: Polyus Magadan Joint Stock Company

Abbreviated company name: Polyus Magadan JSC

Location: settlement Omchak, Tenkinsky urban district, Magadan oblast

INN: 4906000960

OGRN: 1024900784633

5. License number: MAG 04859 BE Date of licensing: 11.07.2018 License effective till: 31.12.2036

BE, ore gold extraction at Natalka deposit

Grounds for license extension: agreed development project, necessity of deposit development completion and carrying out abandonment operations upon the condition of fulfilling the license agreement terms.

Grounds for licensing: Rosnedra's order No. 443 of 06.07.2018 on reissuance of license MAG 04568 BE. Description of the subsoil plot granted for operation:

The subsoil plot is located in the Tenka River basin on the territory of Tenkinsky Rajon, Magadan Oblast. License type: Exploration and extraction of minerals, including waste utilization of the mining and related processing facilitie.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline of the mineral mining facility reaching the project capacity is determined by the deposit development technical project coordinated and approved in accordance with the established procedure.

The level of crude minerals extraction and the timeline of reaching the project capacity are determined by the deposit development technical project.

The terms determining the types and extent of survey operations and their timeline are determined by the plans of operations for deposits survey as approved in accordance with the established procedure.

The subsoil user must annually, no later than by 15 February of the year following the reporting year, present to the relevant territorial body of the Federal Agency for Subsoil Use an information report on the operations carried out on the subsoil plot granted for operation, in accordance with the procedure established by the Federal Agency for Subsoil Use and its territorial bodies.

Recovery of all balance sheet ore reserves within the borders of the license block in two stages: stage one - recovery of balance sheet reserves in the volume of 52,404,000 tons of ore, 87,888 kg of gold (recovery period 2015-2023); stage two - follow-on recovery of the balance sheet reserves until the year 2062;

In the course of carrying out the first stage of the deposit development:

Extraction of ore from subsoil in 2016: 500,000 tons; in 2017: 700,000 tons; in 2018: 9,000,000 tons; in 2019:

9,300,000 tons; in 2020: 10,190,000 tons; in 2021: 5,600,000 tons; in 2022: 9,800,000 tons; in 2023: 10,000,000 ton; No later than 1 year before the scheduled time of the deposit development completion - preparation and approval in accordance with the established procedure of technical project of abandonment or shutdown of mine roadways, boreholes, and other underground facilities, as coordinated in accordance with the RF Law 'On Subsoil'. Obligatory payments to be made by the subsoil user under the License terms: The subsoil user is obliged to make regular payments, pay taxes and fees set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas.

The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the licenses, as well as any factors that may affect negatively the fulfillment of the license obligations with the probability of their occurrence:

The obligations are duly me.

Factors that may affect negatively the fulfillment of the License obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: 678940, Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

6. License number: YaKU 05624 BE Date of licensing: 16.05.2018 License effective till: 31.12.2028

Delbe deposit of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order, No. 215 of 13.04.2018 on reissuance of license YaKU 05136 BE. Description of the subsoil plot granted for operation:

The subsoil plot is included in the Kuranakh group of deposits, is located on the territory of Aldansky Rayon, Republic of Sakha (Yakutia), area: 8.1 sq. km.

License type: Ore gold prospecting and extraction.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit

development technical project, coordinated and approved in accordance with the established procedure. No later than 1 year before the planned deposit development completion timeline, preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil'. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The level of mineral raw materials extraction and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal geological information fund and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: the subsoil user must effect the payments, pay the taxes and dues for the use of subsoil, land plots, and water areas, as established by the RF laws. The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the licenses, as well as any factors that may affect negatively the fulfillment of the license obligations with the probability of their occurrence:

The deposit is developed in line with the approved engineering design which was agreed upon by Rosnedra's Central Development Commission for Solid Minerals and passed the industrial safety examination. The mining allotment act has been received.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: 678940, Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

7. License number: YaKU 05629 BE Date of licensing: 16.05.2018 License effective till: 31.12.2040

Yuzhnoye (Pervukhinskoye) deposit of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order No. 220 of 13.04.2018 on reissuance of license YaKU 04600 BE. Description of the subsoil plot granted for operatio:

The site is within the Kuranakh group of deposits, located on the territory of the Aldan Rajon, the Republic of Sakha (Yakutia), area: 10.5 sq.km.

License type: Ore gold prospecting and extraction.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligation:

The level of gold extraction and the timeline of reaching the target productivity are outlined in the technical project plan of the mineral deposit development.

The timeline of the minerals mining facility reaching the project capacity is determined by the deposit development technical project coordinated and approved in accordance with the established procedure.

The crude materials extracted from the subsoil are owned by the subsoil user.

The subsoil user is entitled to utilize the wastes of its mining and related processing facilities.

Preparation and proper validation of the technical project of abandonment or shutdown of mine roadways, boreholes and other underground facilities, coordinated in accordance with the RF Law 'On Subsoil' - no later than one year before the scheduled date of the deposit development completion.

Obligatory payments to be made by the subsoil user under the License terms: The subsoil user is obliged to make regular payments, pay taxes and fees established by the legislation of the Russian Federation for use of the subsoil, land plots and water areas.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the License obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

8. License number: YaKU 05622 BE Date of licensing: 16.05.2018 License effective till: 31.12.2040

Deposit Novoye of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order No. 213 of 13.04.2018 on reissuance of license YaKU 05138 BE. Description of the subsoil plot granted for operation:

The plot is within the Kuranakh group of deposits, located on the territory of the Aldan Rajon, the Republic of Sakha (Yakutia), area: 0.93 sq. km.

License type: Ore gold prospecting and extraction.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal geological information fund and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

The deposit is being operated in line with the General Schedule of Kuranakh Ore Field Deposits Development. Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

9. License number: YaKU 05623 BE Date of licensing: 16.05.2018 License effective till: 31.12.2040

Kanavnoye deposit of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order No. 214 of 13.04.2018 on reissuance of license YaKU 05137 BE. Description of the subsoil plot granted for operation:

The plot is within the Kuranakh group of deposits, located on the territory of the Aldan Rajon, the Republic of Sakha (Yakutia), area: 12.6 sq. km.

License type: Minerals exploration and extraction.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. Preparation and approval in due order of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion timeline. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in due order. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal geological information fund and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

The deposit is being developed in line with the approved engineering design which was agreed upon by Rosnedra's Central Development Commission for Solid Minerals and passed the industrial safety examination. The mining allotment act has been received..

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: 678940, Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

10. License number: YaKU 05628 BE Date of licensing: 16.05.2018 License effective till: 31.12.2034

Yakokutskoye deposit of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order No. 219 dated 13.04.2018 on reissuance of license YaKU 05142 BE. Description of the subsoil plot granted for operation:

The site is within the Kuranakh group of deposits, located on the territory of the Aldan Rajon, the Republic of Sakha (Yakutia). Area: 10.9 sq. km.

License type: Ore gold prospecting and extraction.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The level of crude minerals extraction and the timeline for reaching the design capacity are determined by the technical project of the mineral deposit development.

The timeline for the minerals extraction enterprise reaching the design capacity are determined by the technical project of the deposit development, coordinated and approved in due order.

The mineral raw materials extracted from the subsoil are owned by the subsoil user. The subsoil user is entitled to utilize the waste of its mining and related processing facilities.

Preparation and approval in due order of technical project of wells and other underground facilities abandonment or suspension, as approved in accordance with the Russian Federation Law "On Subsoil" - no later than one year before the scheduled date of the deposit development completion.

Obligatory payments to be made by the subsoil user under the License terms: The subsoil user is obliged to make regular payments, pay taxes and fees set by the legislation of the Russian Federation for use of subsoil, land plots and water areas.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the License obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

License number: YaKU 05625 BE Date of licensing: 16.05.2018 License effective till: 31.12.2022

Dorozhnoye deposit of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order No. 216 dated 13.04.2018 on reissuance of license YaKU 05135 BE. Description of the subsoil plot granted for operation:

The site is within the Kuranakh group of deposits, located on the territory of the Aldan Rajon, the Republic of Sakha (Yakutia), area: 4.2 sq. km.

License type: Ore gold prospecting and extraction..

Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. Preparation and approval in due order of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than

year before the planned deposit development completion timeline. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in due order. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal fund of geological information and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

The deposit is operated in line with the approved engineering design which was agreed upon by Rosnedra's Central Development Commission for Solid Minerals and passed the Glavgosekspertiza examination. The mining allotment act has been received.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

12. License number: YaKU 05626 BE Date of licensing: 16.05.2018 License effective till: 31.12.2038

Bokovoye deposit of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order No. 217 dated 13.04.2018 on reissuance of license YaKU 05134 BE.

Description of the subsoil plot granted for operation:

The site is within the Kuranakh group of deposits, located on the territory of the Aldan Rajon, the Republic of Sakha (Yakutia), area: 8.62 sq. km.

License type: Ore gold prospecting and extraction.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. Preparation and approval in due order of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion timeline. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in due order. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal fund of geological information and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: the subsoil user must effect the payments, pay the taxes and dues for the use of subsoil, land plots, and water areas, as established by the RF law. The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the licenses, as well as any factors that may affect negatively the fulfillment of the license obligations with the probability of their occurrenceя:

The deposit is being operated in line with the approved engineering design which was agreed upon by Rosnedra's Central Development Commission for Solid Minerals and passed the Glavgosekspertiza examination. The mining allotment act has been received.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrenc:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: 678940, Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

13. License number: YaKU 05621 BE Date of licensing: 16.05.2018 License effective till: 31.12.2034

Porfirovoye deposit of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order No. 212 dated 13.04.2018 on reissuance of license YaKU 05139 BE. Description of the subsoil plot granted for operation:

The site is within the Kuranakh group of deposits, located on the territory of the Aldan Rajon, the Republic of Sakha (Yakutia, area: 5.31 sq.km.

License type: Ore gold prospecting and extraction.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligation:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. Preparation and approval in due order of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion timeline. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in due order. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal fund of geological

information and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: the subsoil user must effect the payments, pay the taxes and dues for the use of subsoil, land plots, and water areas, as established by the RF law. The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the licenses, as well as any factors that may affect negatively the fulfillment of the license obligations with the probability of their occurrence:

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

License number: YaKU 05620 BE Date of licensing: 16.05.2018 License effective till: 31.12.2038

Severnoye deposit of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order No. 211 of 13.04.2018 on reissuance of license YaKU 05140 BE. Description of the subsoil plot granted for operation:

The site is within the Kuranakh group of deposits, located on the territory of the Aldan Rajon, the Republic of Sakha (Yakutia), area: 11.93 sq.km.

License type: ore gold prospecting and extraction.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. Preparation and approval in due order of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than

year before the planned deposit development completion timeline. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in due order. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal fund of geological information and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: the subsoil user must effect the payments, pay the taxes and dues for the use of subsoil, land plots, and water areas, as established by the RF law. The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the licenses, as well as any factors that may affect negatively the fulfillment of the license obligations with the probability of their occurrence:

The deposit is being developed in line with the approved engineering design, which was agreed upon by Rosnedra's Central Development Commission for Solid Minerals and passed the industrial safety examination. The mining allotment act was received.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

License number: YaKU 05619 BE Date of licensing: 16.05.2018 License effective till: 31.12.2038

Tsentralnoye deposit of the Kuranakh ore field.

Grounds for licensing: Yakutnedra's order No. 210 of 13.04.2018 on reissuance of license YaKU 05141 BE. Description of the subsoil plot granted for operation:

The site is within the Kuranakh group of deposits, located on the territory of the Aldan Rajon, the Republic of Sakha (Yakutia), area: 11.8 sq. km.

License type: Minerals exploration and extraction

Main license provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. Preparation and approval in due order of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than

year before the planned deposit development completion timeline. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in due order. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal fund of geological information and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: the subsoil user must effect the payments, pay the taxes and dues for the use of subsoil, land plots, and water areas, as established by the RF law. The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the licenses, as well as any factors that may affect negatively the fulfillment of the license obligations with the probability of their occurrence:

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Aldan Joint-Stock Company

Abbreviated company name: Polyus Aldan JSC

Location: Republic of Sakha (Yakutia), Aldansky Rajon, settlement Nizhny Kuranakh, ul. Stroitelnaya 14

INN: 1402046085

OGRN: 1051400027579

License number: YaKU 05627 BE Date of licensing: 16.05.2018 License effective till: 30.06.2024
Surface dumps of the Kuranakh group of gold-ore deposits.
Grounds for license extension: agreed development project, necessity of deposit development completion and carrying out abandonment operations upon the condition of fulfilling the license agreement terms.
Grounds for licensing: Yakutnedra's order No. 218 of 13.04.2018 on reissuance of license YaKU 04774 BE. Description of the subsoil plot granted for operation:
The site is located 10 km away from the settlement of Nizhny Kuranakh, total area: 783 ha.
License type: ore gold prospecting and extraction.
Main License provisions concerning the subsoil user's obligations, stating the deadline for the fulfillment of the above obligations:
The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. Preparation and approval in due order of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than

year before the planned deposit development completion timeline. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and

scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in due order. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal fund of geological information and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: The subsoil user must make the payments and pay the taxes and dues established by the RF laws for using subsoil, land plots, and water areas.. The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the licenses, as well as any factors that may affect negatively the fulfillment of the license obligations with the probability of their occurrence:

Production will start after additions are introduced to the design documentation - the General Schedule of Kuranakh Ore Field Deposit Development..

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Verninskoye Joint Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

17. License number: IRK 03464 BR Date of licensing: 26.01.2017 License effective till: 31.12.2043

Verninskoye deposit.

Grounds for licensing: Tsentrsibnedra's order No. 903 of 22.11.2016 on reissuance of license

IRK 11536 BR. Addendum No. 1 of 19.04.2019. Description of the subsoil plot granted for operation:

The site is located 5 km away from the settlement of Kropotkin in Bodaibo Rajon, Irkutsk Oblast, area: 118.8 sq. km.

License type: For geological exploration, prospecting, and extraction of minerals, including utilization of wastes of mining and related processing facilities. Amendment dated 31.05.2017.

Main License provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. No later than 1 year before the planned deposit development completion timeline, preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil'. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The level of mineral raw materials extraction and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal geological information fund and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: For the purposes of survey and appraisal of mineral deposits, for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits: Year of license validity as from 2017, Payment rate, rubles per 1 sq. km per year: 149.0; for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: Year of license validity as from 2017, Payment rate rubles per 1 sq. km per year: 9,914.0. The subsoil user must make the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF law.

The reserves have been confirmed. The design documentation has been coordinated.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence: - untimely financing of operations;

complication of the geological structure and nature of the deposit gold mineralization;
mining loss;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Verninskoye Joint Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

18. Licence number: IRK 03455 BR Date of licensing: 26.01.2018 License effective till: 31.12.2035

Grounds for licensing: Tsentrsibnedra's order No. 792 of 08.11.2017on reissuance of license IRK 03383 BR.

Addendum Nom 1 dated. 04.02.2019.

Description of the subsoil plot granted for operation:

The site is located 3 km away from the settlement of Kropotkin, Bodaibo Rajon, Irkutsk Oblast, area: 21 ha.

License type: For minerals prospecting and extraction, including utilization of wastes of mining and related processing facilitie.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. No later than 1 year before the planned deposit development completion timeline, preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil'. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The level of mineral raw materials extraction and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal geological information fund and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: The subsoil user must make the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF laws. The issuer's, its subsidiaries', and dependent companies' compliance with the obligations under the licenses, as well as any factors that may affect negatively the fulfillment of the License obligations with the probability of their occurrence:

The mining allotment act has been received. The design documentation has been duly coordinated. The extraction level for the year 2012 is determined by the quota received from the oblast administration. Extraction operations are being conducted in line with the design documentation.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
complication of the geological structure and the nature of the deposit's gold mineralization;
mining loss;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Verninskoye Joint Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

19. License number: IRK 03465 BR Date of licensing: 26.02.2018 License effective till: 10.10.2035

Smezhny site.

Grounds for licensing: Tsentrsibnedra's order No. 904 of 22.11.2016 on reissuance of license

IRK 02726 BR. Amendment dated 31.05.2017.

Description of the subsoil plot granted for operation:

The site is located 4 km away from the settlement of Kropotkin, Bodaibo Rajon, Irkutsk Oblast, area: 6.64 ha.

License type: For geological exploration, prospecting, and extraction of minerals, including utilization of wastes of mining and related processing facilities.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligation:

Presentation, in accordance with the RF Law 'On Subsoil', for state expertise of materials prepared in due order following the results of prospecting operations: for mineral deposits entered on the State Balance Sheet of Mineral Reserves: no later than 10.10.2018.

Preparation and approval in due order of the deposit development technical project, coordinated in accordance with the Russian Federation Law 'On Subsoil': for mineral deposits entered on the State Balance Sheet of Mineral Reserves: no later than 10.10.2019. Operations commencement timeline: for mineral deposits: no later than 10.04.2021. The timeline for reaching the mining enterprise design capacity is determined by the deposit developing technical design coordinated and approved in accordance with the established procedure. Preparation and approval in due order of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion timeline. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in due order. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal geological information fund and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: for the purposes of survey and appraisal of mineral deposits, for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits, at the following rates: Year of license validity as from 2017, Payment rate, rubles per 1 sq. km per year: 238. For the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: Year of license validity as from 2017, Payment rate rubles per 1 sq. km per year: 9,300. The subsoil user must make the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF laws.

The prospecting, evaluation, and exploration design documentation has been duly coordinated.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Verninskoye Joint Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

20. License number: IRK 03467 BR Date of licensing: 26.01.2018 License effective till: 31.12.2028

Zapadnoye ore-gold deposit.

Grounds for licensing: Tsentrsibnedra's reissuance order No. 241 of 02.03.2016 on reissuance of license IRK 15308

BR. Amendment dated 09.06.2016.

Description of the subsoil plot granted for operation:

The site is located 14 km away from the settlement of Kropotkin, Bodaibo Rajon, Irkutsk oblast, area: 3.71 sq. km.

License type: Geological exploration, including survey and estimation of the mineral deposits, prospecting and extraction of minerals, including waste utilization of the ore-mining facilities and related processing plant.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

Preparation and approval in accordance with the established procedure of deposit development technical project as coordinated in accordance with the Russian Federation Law 'on Subsoil': for mineral deposits entered on the State Register of Mineral Reserves: 31.12.2018.

Timeline of putting the deposit into operation (commission): for mineral deposits entered on the State Register of

Mineral Reserves: 31.12.2019.

The timeline for reaching the mining enterprise design capacity is determined by the deposit developing technical design coordinated and approved in accordance with the established procedure.

The subsoil user must annually, no later than 15 February of the year following the reporting year, provide for the relevant territorial body of the Federal Agency for Subsoil Use an information report on the operations carried out on the subsoil plot granted for operation, in accordance with the procedure established by the Federal Agency for Subsoil Use and its territorial bodies.

The level of gold extraction and anticipated time necessary to achieve target productivity are outlined in technical project plan for the development of the mineral deposit site.

Preparation and proper validation of the technical project of mining operations', wells' and other underground facilities' abandonment or suspension in accordance with the Russian Federation Law "On Subsoil" - no later than one year before the scheduled date of deposit development completion.

In respect of technical projects of mineral deposits development: have approved in accordance with the established

procedure technical project(s) prepared in line with the requirements effective as of the moment of approval: within 48 months following the state registration date.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the License obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Polyus Verninskoye Joint Stock Company

Abbreviated company name: Polyus Verninskoye JSC

Location: Russian Federation, Irkutsk oblast, Bodaibo

INN: 3802008546

OGRN: 1023800732889

21. License number: IRK 03466 BR Date of licensing: 26.01.2018 License effective till: 31.12.2043

Medvezhy site (Western part).

Grounds for licensing: Tsentrsibnedra's order No. 905 of 22.11.2016 on reissuance of license IRK 02839 BR.

Amendment dated 31.05.2017. Addendum No. 1 dated 19.04.2019. Amendment No. 2 dated 21.01.2020. Description of the subsoil plot granted for operation:

The site is located 6 km away from the settlement of Kropotkin, Bodaibo Rajon, Irkutsk oblast, area: 7 sq. km.

License type: For geological survey, including exploration and estimation of the mineral deposits, exploration and extraction of minerals, including waste utilization of the ore-mining facilities and related processing plants.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

Operations timeline: for mineral deposits entered on the State Balance Sheet of Mineral Reserves: no later than 01.01.2041. The timeline for reaching the mining enterprise design capacity is determined by the deposit developing technical design coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in due order of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion timeline. The level of mineral raw materials mining and the timeline of reaching the project capacity are determined by the technical design of the mineral deposit development. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to the federal geological information fund and its relevant territorial fund a status report on the operations carried out on the subsoil plot granted for use, as per article 32 of the Russian Federation Law 'On Subsoil'.

Obligatory payments to be made by the subsoil user under the License terms: for the purposes of survey and appraisal of mineral deposits, for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits: Year of license validity as from 2017, Payment rate, rubles per 1 sq. km per year: 230. For the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: Year of license validity as from 2017, Payment rate rubles per 1 sq. km per year: 11,350. The subsoil user must make the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF laws.

The prospecting and evaluation design documentation has been duly reconciled. Prospecting and evaluation have been performed in line with the design documentation.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

22. License number: IRK 02452 BE Date of licensing: 10.09.2007 License effective till: 01.01.2021

Grounds for licensitn: Irkutsknedra's order of 20 July 2007, No. 156, pursuant to articles 10-1 (cl. 8) and 17-1 of the

Russian Federation Law 'On Subsoil'. Addendum issued (Amendment dat4ed 07.12.2015). Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, area: 10.4 sq. km.

License type: Exploration and mining of mineral resources, including utilization of the wastes of mining and related processing facilities.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstance.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

23. License number: IRK 02262 BE Date of licensing: 27.04.2007 License effective till: 20.12.2022

Grounds for licensing: Irkutsknedra's order of 04.04.2006, No. 36 pursuant to article 17-1 of the Russian Federation

Law 'On Subsoil'. Amendment dated 16.11.2015. Description of the subsoil plot granted for operation:

This subsoil plot has the status of mining allotment, area:.4.35 sq.km.

License type: Exploration and extraction of minerals, including waste utilization of the ore-mining facilities and related processing plants.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodie.

Obligatory payments to be made by the subsoil user under the License terms: The subsoil user is obliged to make regular payments, pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstance.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

24. License number: IRK 02260 BR Date of licensing: 27.04.2006 License effective till: 31.12.2023

Grounds for licensing: Order of the Ministry of Natural Resources of Russia of 23.08.2004, No. 171. Amendment dated 15.01.2016. Addendum No. 1 dated 31.01.2020.

Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, area: 39.908 sq.km.

License type: Geological exploration, including survey and appraisal of mineral deposits, exploration and extraction of minerals, including waste utilization of the ore-mining facilities and related processing plants.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be made by the subsoil user under the License term: for the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits): rubles per 1 sq. km of the subsoil plot: as from 2006: RUR51 (Payment rate, rubles per 1 km2 per year); for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: as from 2006: RUR451 (Payment rate, rubles per 1 km2 per year).

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstance.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

25. License number: IRK 02446 BE Date of licensing: 10.09.2007 License effective till: 30.12.2027

Grounds for licensing: Irkutsknedra's Order of 20.07.2007, No. 150. Addendum No. 1 dated 16.07.2019. Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, area: 5.6 sq.km.

License type: Exploration and extraction of minerals, including waste utilization of the ore-mining facilities and related processing plants.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

26. License number: IRK 02444 BE Date of licensing: 10.09.2007 License effective till: 31.12.2023

Addendum No. 2 dated 13.08.2014. Amendment dated 08.06.2016. Addendum No. 1 dated 2020

Grounds for licensing: Irkutsknedra's order of 20.07.2007, No. 142, in accordance with articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'.

Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, area: 5.9 sq.km.

License type: Exploration and extraction of minerals, including waste utilization of the ore-mining facilities and related processing plants.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstance.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

27. License number: IRK 02437 BR Date of licensing: 10.09.2007

License effective till: 01.06.2021 Order of Irkutsknedra on extension of licenses of 16.04.2020 No. 157

Grounds for licensing: Irkutsknedra's order of July 23, 2007, No. 170, pursuant to articles 10-1 (cl. 8) and 17-1 of the

Russian Federation Law 'On Subsoil'. Addendum issued (Amendment dated 15.01.2016). Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment with the total area of 8.645 sq.km., located on the territory of Bodaibo Rajon, Irkutsk oblast, 15 km away from Bodaibo.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodie.

Obligatory payments to be made by the subsoil user under the License terms

For the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits): rubles per 1 sq. km of the subsoil plot: as from 2007: RUR77 (Payment rate, rubles per 1 km2 per year); for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: as from 2007: RUR6,828 (Payment rate, rubles per 1 km2 per year). The subsoil user is obliged to make regular payments, pay taxes and fees set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

28. License number: IRK 02432 BR Date of licensing: 10.09.2007 License effective till: 20.12.2022

Addendum of19.03.2014

Grounds for licensing: Irkutsknedra's order of July 20, 2007, No. 137, pursuant to articles 10-1 (cl. 8) and 17-1 of the

Russian Federation Law 'On Subsoil'. Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment with the total area of 6.26 sq.km., located on the territory of Bodaibo Rajon, Irkutsk oblast, 225 km away from Bodaibo.

License type: Geological exploration, including survey and appraisal of mineral deposits, exploration and extraction of mineral. Amendment dated 10.08.2017.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be made by the subsoil user under the License terms: for the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits): rubles per 1 sq. km of the subsoil plot: as from 2007: RUR54 (Payment rate, rubles per 1 km2 per year); for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: as from 2007: RUR4,722 (Payment rate, rubles per 1 km2 per year).

The obligations are duly met..

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

29. License number: IRK 02532 BE Date of licensing: 31.12.2008

License effective till: 30.12.2021 Irkutsknedra's Order on extension of licenses of 16.04.2020 No. 157

Grounds for licensing: Irkutsknedra's order of January 25, 2008, No. 28, pursuant to articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'. Addendum issued (Amendment dated 13.01.2016).

Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, area: around 2.3 km, located on the territory of Bodaibo Rajon, Irkutsk oblast, 45 km away from Bodaibo and 5 km away from the nearest population center, Aprelski settlement. License type: Survey and mining of minerals, including utilization of the wastes of mining and related processing facilities.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligationв:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be made by the subsoil user under the License terms: The subsoil user must make the payments, pay the taxes and dues established by the RF laws for use of subsoil, land plots, and water areas.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstance.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

30. License number: IRK 02448 BE Date of licensing: 10.09.2007 License effective till: 31.12.2023

Grounds for licensing: Irkutsknedra's order of July 20, 2007, No. 152, pursuant to articles 10-1 (cl. 8) and 17-1 of the

Russian Federation Law 'On Subsoil'. Addendum No. 1 dated 11.11.2014. Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, area: around 5.69 sq. km, located on the territory of Bodaibo Rajon, Irkutsk Oblast, 30-35 km away from Bodaibo and 5-10 km away from the nearest population canter, Vasilyevsky settlement.

License type: Survey and mining of minerals. Amendment dated 08.11.2017.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

31. License number: IRK 02447 BE Date of licensing: 10.09.2007

License effective till: 30.12.2021. Irkutsknedra's Order on License extension No. 157 of 16.04.2020.

Grounds for licensing: Irkutsknedra's order of July 20, 2007, No. 149 pursuant to articles 10-1 (cl. 8) and 17-1 of the

Russian Federation Law 'On Subsoil'. Addendum issued. (Amendment dated 07.12.2015)

Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, about 2.22 km2 in area.

License type: Minerals prospecting and mining, including utilization of wastes of mining and related processing facilities.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The subsoil user must make the payments, pay the taxes and dues established by the RF laws.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

32. License number: IRK 02465 BE Date of licensing: 05.10.2007 License effective till: 01.12.2025

Grounds for licensing: Irkutsknedra's order of June 23, 2007, No. 162 pursuant to articles 10-1 (cl. 8) and 17-1 of the

Russian Federation Law 'On Subsoil'. Addendum No. 2 dated 24.12.2015. Amendment dated 08.04.2016. Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, area: around 145 ha, located on the territory of Bodaibo Rajon, Irkutsk Oblast, 177 km away from Bodaibo and 40-50 km away from the nearest population center, Perevoz settlement.

License type: Exploration and extraction of minerals, including waste utilization of the ore-mining facilities and related processing plants.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The

subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments which the subsoil user must effect under the license terms: The subsoil user must effect the payments and pay the taxes and dues for the use of subsoil, land plots, and water areas, as established by the RF laws.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

33. License number: IRK 02533 BR Date of licensing: 31.01.2008 License effective till: 30.12.2024

Addendum No. 1 of 17.11.2014

Grounds for licensing: Irkutsknedra's order of January 25, 2008, No. 29 pursuant to articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'. Amendment dated 01.03.2017.

Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, 5.18 sq. km in area, located on the territory of Bodaibo Rajon, Irkutsk Oblast, 135 km away from Bodaibo and 45 km away from the nearest settlement of Kropotkin.

License type: Geological study, including survey and appraisal of mineral deposits, minerals exploration and mining.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by 15 February of the year following the reporting year, present to the Federal Fund of Geological Information and its relevant territorial fund an information report on the works carried out on the subsoil plot granted for use, in accordance with art. 32 of the RF Law 'On Subsoil'.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

34. License number: IRK 02534 BE Date of licensing: 31.01.2008 License effective till: 01.05.2022

Grounds for licensing: Irkutsknedra's order of January 25, 2008, No. 26, pursuant to articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'.

Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment 2.6 km long, located on the territory of Bodaibo District, Irkutsk Oblast, 165 km away from Bodaibo and 30 km away from the nearest population center, Kropotkin settlement. License type: Survey and extraction of minerals. Amendment dated 08.11.2017.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by 15 February of the year following the reporting year, present to the Federal Fund of Geological Information and its relevant territorial fund an information report on the works carried out on the subsoil plot granted for use, in accordance with art. 32 of the RF Law 'On Subsoil'.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances..

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

35. License number: IRK 02535 BE Date of licensing: 31.01.2008 Lilcense effective till: 01.07.2022

Grounds for licensing: Irkutsknedra's order of January 25, 2008, No. 30, pursuant to articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'. Addendum

1 dated 26.12.2013. Addendum issued (Amendment dated 25.11.2015).

Description of the subsoil plot granted for operation:

The subsoil plot has the status of a mining allotment, area: 8.96 sq. km.

License type: Exploration and extraction of minerals, including waste utilization of the ore-mining facilities and related processing plants.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances..

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

36. License number: IRK 02601 BR Date of licensing: 11.01.2009 License effective till: 01.12.2021

Grounds for licensing: Irkutsknedra's order of December 23, 2008, No. 227, pursuant to articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'.

Description of the subsoil plot granted for operation:

The subsoil plot has the status of geological and mining allotments, 23.0 sq. km long, located on the territory of Bodaibo Rajon, Irkutsk Oblast, 40-50 km away from Bodaibo and 8-20 km away from the nearest settlement or Vasilyevsky.

License type: Geological exploration, including search for and appraisal of mineral deposits, minerals survey and extraction. Amendment dated 31.10.2017.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be made by the subsoil user under the License terms: For the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits), rubles per 1 sq. km of the subsoil plot: As from 2017: RUR70 (Payment rate, rubles per 1 km2 per year); for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: As from 2017:

RUR6,224 (Payment rate, rubles per 1 km2 per year), the subsoil user must make the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF law.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

37. License number: IRK 02600 BR Date of licensing: 11.01.2009 License effective till: 01.12.2027

Grounds for licensing: Irkutsknedra's order of December 23, 2008, No. 228, pursuant to articles 10-1 (cl. 8) and 17-1 of the Federation Russian Law 'On Subsoil'. Addendum No. 2 dated 24.12.2015.

Description of the subsoil plot granted for operation:

The subsoil plot has the status of geological and mining allotments, area: 4.28 sq. km, located on the territory of Bodaibo Rajon, Irkutsk Oblast.

License type: Geological exploration, including survey and appraisal of mineral deposits, minerals exploration and mining.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be made by the subsoil user under the License terms: for the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits): rubles per 1 sq. km of the subsoil plot: as from 2016: RUR61 (Payment rate, rubles per 1 km2 per year); for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: as from 2016: RUR4,520 (Payment rate, rubles per 1 km2 per year). The subsoil user is obliged to make regular payments, pay taxes and fees set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence: - untimely financing of operations;

- force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

38. License number: IRK 02549 BE Date of licensing: 09.04.2008 License effective till: 31.12.2028

Grounds for licensing: Irkutsknedra's order of February 26, 2006, No. 56, pursuant to articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'. Amendment dated 31.01.2017.

Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, area 7.4 sq. km, located on the territory of Bodaibo Rajon, Irkutsk Oblast, 60 km away from Bodaibo and 30 km away from Balakhninsky settlement, 15 km away from Vasilyevsky settlement.

License type: Exploration and extraction of minerals.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies

Obligatory payments to be made by the subsoil user under the License terms: The subsoil user is obliged to make regular payments, pay taxes and dues as established by the laws of the Russian Federation for use of the subsoil, land plots and water areas.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

39. License number: IRK 02531 BE Date of licensing: 31.01.2008 License effective till: 30.12.2022

Addendum No. 1 dated 26.12.2013. Amendment to license dated 18.11.2016.

Grounds for licensing: Irkutsknedra's order of January 25, 2008, No. 27, pursuant to articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'.

Description of the subsoil plot granted for operation:

The subsoil plot has the status of mining allotment, 116 ha in area, located on the territory of Bodaibo Rajon, Irkutsk Oblast, 30 km away from Bodaibo and 30 km away from Vasilievsky settlement.

License type: Minerals exploration and extraction, including utilization of wastes of mining and related processing facilities.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodie.

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

40. License number: IRK 02442 BR Date of licensing: 10.09.2007 License effective till: 30.12.2028

Grounds for licensing: Order of Irkutsknedra dated July 20, 2007, No. 144, in accordance with Articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'. Addendum No. 1 of 21.06.2019

Description of subsoil area allotted for use:

The subsoil area has the status of geological and mining allotments 76.6 ha in area, located on the territory of Bodaibo District, Irkutsk Oblast, 120-130 km away from Bodaibo and 10-15 km away from Marakan settlement. License type: Geological survey including survey and appraisal of mineral deposits, minerals exploration and extraction.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be made by the subsoil user under the License term: For the purposes of exploration activities, for the subsoil plot area on which the reserves of the relevant mineral (except the area of the mining allotment and/or mining allotments attested by mining allotment certificates) are established and registered on the State Balance Sheet: As from 2016: RUR7,436 (Payment rate, rubles per 1 km2 per year), The subsoil user must effect the payments, pay the taxes and dues for the use of subsoil, land plots, and water areas, as established by the RF laws. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of

realization thereof:

The obligations are duly met..

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

41. License number: IRK 02440 BR Date of licensing: 10.09.2007 License effective till: 31.12.2025

Grounds for license issu: Order of Irkutsknedra dated July 20, 2007, No. 145, in accordance with Articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'. Addendum No. 1 of 19.04.2019

Description of subsoil area allotted for use:

The subsoil area has the status of geological and mining allotments 541.4 ha in area, 15.15 km long and 0.15-0.6 km wide, located on the territory of Bodaibo District, Irkutsk Oblast, 160 km away from Bodaibo.

License type: Geological exploration, including survey and appraisal of mineral deposits, minerals exploration and extraction .

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be effected by the subsoil user under the license terms: For the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits): rubles per 1 sq. km of the subsoil plot: as from 2016: RUR54 (Payment rate, rubles per 1 km2 per year); for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: as from 2016: RUR4,772 (Payment rate, rubles per 1 km2 per year). The subsoil user is obliged to make regular payments, pay taxes and fees set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

The obligations are duly met.

Factors that may affect negatively the fulfillment of the license obligations and the probability of their occurrence: - untimely financing of operations;

- force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

42. License number: IRK 02434 BE Date of licensing: 10.09.2007 License effective till: 06.05.2026

Addendum No. 1 dated 22.09.2014. Amendment dated 21.07.2016.

Grounds for licensing: Order of Irkutsknedra dated July 23, 2007, No. 168, in accordance with Articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'.

Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment 5.750 km long and 0.85-1.3 km wide, located on the territory of Bodaibo District, Irkutsk Oblast, 10-15 km away from Bodaibo..

License type: Minerals exploration and extraction, particularly using the wastes of mining and related processing facilities.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be effected by the subsoil user under the license terms: the subsoil user must effect the payments and pay the taxes and dues for using subsoil, land plots and water areas, as established by the RF laws. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

The obligations are being met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

43. License number: IRK 02431 BE Date of licensing: 10.09.2007 License effective till: 31.12.2025

Addendum No. 21 dated 05.11.2019

Grounds for licensing: Order of Irkutsknedra dated July 20, 2007 No. 141, in accordance with Articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'.

Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment 5.07 km long and 0.675-1.3 km wide, located on the territory of Bodaibo District, Irkutsk Oblast, 42 km away from Bodaibo.

License type: Minerals survey and extraction. Amendment dated 08.11.2017.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments which must be effected by the subsoil user under the license terms: The subsoil user must effect the payments and pay the taxes and dues for the use of subsoil, land plots, and water areas, as established by the RF laws.

Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

44. License number: IRK 02430 BE Date of licensing: 10.09.2007 License effective till: 31.12.2025

Addendum No. 1 dated 27.12.2019. Grounds for license extension: agreed development project, necessity of deposit development completion and carrying out abandonment operations upon the condition of fulfilling the license agreement term.

Grounds for licensing: Order of Irkutsknedra dated July 20, 2007, No. 139, in accordance with Articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'.

Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment, 15.5 km long and 01.-1.35 km wide. Area: 820 ha. The plot is located on the territory of Bodaibo District, Irkutsk Oblast, 174 km away from Bodaibo.

License type: Minerals survey and extraction. Amendment dated 15.11.2017.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

45. License number: IRK 02429 BE Date of licensing: 10.09.2007 License effective till: 01.07.2027

Addendum Nо. 1 dated 26.02.2014.

Grounds for licensing: Order of Irkutsknedra dated July 20, 2007, No. 138, in accordance with Articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'. Amendment dated 09.02.2017.

Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment. Area: 9.55 sq. km. Located on the territory of Bodaibo District, Irkutsk Oblast, 180 km away from Bodaibo.

License type: Minerals survey and extraction.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be effected by the subsoil user under the license terms: The subsoil user must make the payments and pay the taxes and dues established by the RF laws for using subsoil, land plots, and water areas. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full Company Name: Svetly Joint-Stock Company

Abbreviated Company Name: Svetly JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Stoyanovicha 34

INN: 3802005714

OGRN: 1023800732207

License number: IRK 03425 BE Date of licensing: 17.08.2017 License effective till: 17.08.2037

Grounds for licensing: Order of Irkutsknedra Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment located on the territory of Bodaibo District, Irkutsk Oblast. The plot area is 1.04 sq. km.

License type: Minerals exploration and extraction, including use of the wastes of mining and related processing facilities в.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

Preparation and approval in due order of the deposit development technical project coordinated in accordance with the RF Law 'On Subsoil': for mineral deposits entered on the state balance-sheet of mineral reserves: no later than 01.08.2018, the timeline for bringing the deposit into development (operation) for mineral deposits entered on the state balance-sheet of mineral reserves: no later than 01.08.2019. The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than

year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be effected by the subsoil user under the license terms: The subsoil user is obliged to make regular payments, pay taxes and fees set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas..

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

47. License number: IRK 02463 BR Date of licensing: 05.10.2007 License effective till: 31.12.2021

Grounds for licensing: Order of Irkutsknedra dated July 23, 2007, No. 165, in accordance with Articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'.

Description of subsoil area allotted for use:

The subsoil area has the status of geological and mining allotments around 600 ha in area, located on the territory of Bodaibo District, Irkutsk Oblast, 225 km away from Bodaibo and 93 km away from the nearest settlement of Perevoz. License type: Geological exploration, including survey and appraisal of mineral deposits, exploration and extraction of minerals, including utilization of the wastes of mining and related processing facilities.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies..

Obligatory payments to be effected by the subsoil user under the license terms: for the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits): rubles per 1 sq. km of the subsoil plot: as from 2016 RUR54 (Payment rate, rubles per 1 km2 per year); for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: as from 2016 RUR4,772 (Payment rate, rubles per 1 km2 per year). The subsoil user is obliged to make regular payments, pay taxes and fees set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

48. License number: IRK 02942 BR Date of licensing: 04.02.2013 License effective till: 15.02.2028

The plot has the status of geological and mining allotment.

Grounds for licensing: Decision by auction committee of 20.12.2012 and Order of Irkutsknedra of 11.01.2013, No. 24, in accordance with Articles 10-1 (cl. 8) and 17-1 of the Russian Federation Law 'On Subsoil'. Amendment dated 14.03.2017.

Description of subsoil area allotted for use:

The subsoil is located along the upper reaches of the Bolshoi Chanchik River, with the estuary section of the Kopylovsky Brook, situated on the territory of Bodaibo District, Irkutsk Oblast, 8 km away from the nearest settlement of Artemovsky.

License type: Minerals exploration and mining, including utilization of the wastes of mining and related processing facilities.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof::

Provision of duly prepared materials on prospecting results for state reserves expertise in accordance with the Russian Federation Law 'On Subsoil': for mineral deposits entered on the state balance sheet of mineral reserves -

no later than by 15.11.2018; preparation and approval in due order of technical project of the deposit development, approved in accordance with the Russian Federation Law 'On Subsoil' for mineral deposits entered on the state balance sheet of mineral reserves - no later than by 15.05.2019; deadline for starting the deposit development (putting the deposit into operation): for mineral deposits entered on the state balance sheet of mineral reserves - no later than by 15.12.2019; the level of crude minerals extraction and the timeline for reaching the design capacity are determined by the technical project of the mineral deposit development.

Obligatory payments to be effected by the subsoil user under the license terms: For the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of explored deposits), rubles per 1 sq. km of the subsoil plot: as from 2017 RUR239 (payment rate, rubles per 1 km2 per year), for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: as from 2017 RUR9,375 (payment rate, rubles per 1 km2 per year) , the subsoil user must make the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF laws.

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

49. License number: IRK 02943 BR Date of licensing: 04.02.2013 License effective till: 15.02.2028

Grounds for licensing: Decision by auction committee dated 20.12.2012 and Order of Irkutsknedra dated 11.01.2013,

No. 18, in accordance with Articles 10-1(cl. 8) and 17-1of the Russian Federation Law 'On Subsoil'. Description of subsoil area allotted for use:

The subsoil plot 'Feodosiyevsky Plot' (left slope of the Bodaibo River in the area of Aprelsky settlement), located on the territory of Bodaibo District, Irkutsk Oblast.

License type: Geological exploration, including survey and appraisal of mineral deposits, minerals exploration and mining.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

Provision of duly prepared materials following the prospecting results for state expertise of mineral resources in accordance with the Russian Federation Law 'On Subsoil': for mineral deposits entered on the State Balance Sheet of Mineral Reserves no later than 15.05.2018; preparation and approval in due order of the deposit development technical project coordinated in accordance with the Russian Federation Law 'On Subsoil' no later than 15.11.2018; exploration start no later than 15.11.2016. Start of bringing the deposit into development (commencement of operations): for mineral deposits entered on the State Balance Sheet of Mineral Reserves no later than 15.05.2019; the level of mineral raw material extraction and the timeline for reaching the project capacity are determined by the technical design of the mineral deposit development.

Obligatory payments to be effected by the subsoil user under the license terms: for the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of explored deposits), rubles per 1 sq. km of the subsoil plot: as from 2016 RUR104 (payment rate, rubles per 1 km2 per year); for the purposes of minerals prospecting, for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments acknowledged by mining allotment certificates) are established and entered on the State Balance Sheet of Mineral Reserves: as from 2016 RUR6,525 (payment rate, rubles per 1 km2 per year) , the subsoil user must make the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF laws.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

50. License number: IRK 03454 BE Date of licensing: 29.11.2017 License effective till: 01.01.2025

Grounds for licensing: Order of 08.11.17 No. 794 on reissuance of Marakan JSC IRK 01264 BE Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment located on the territory of Bodaibo District, Irkutsk Oblast. The subsoil plot area is 17.72 sq. km.

License type: Minerals survey and extraction, including utilization of the wastes of mining and related processing facilities.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be effected by the subsoil user under the license terms: The subsoil user must effect the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF laws. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof::

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full Company Name: Sevzoto Joint Stock Company

Abbreviated Company Name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

51. License number: IRK 01181 BE Date of licensing: 14.01.1997 License effective till: 19.02.2022

Addendum No. 1 dated 24.03.2014. Order of Irkutsknedra.

Grounds for licensing: Order of Irkutsknedra. Addendum No. 1 dated 24.03.2014. Amendment dated 08.02.2017 Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment located on the territory of Bodaibo Rajon, Irkutsk Oblast. Area: 9.1 sq. km.

License type: Minerals prospecting and extraction, including utilization of wastes of mining and related processing facilities

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full Company Name: Sevzoto Joint Stock Company

Abbreviated Company Name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

52. License number: IRK 01602 BR Date of licensing: 24.07.2000 License effective till: 31.12.2025

Grounds for licensing: Order of Irkutsknedra. Amendment dated 20.02.2017. Addendum No. 1 dated 27.12.2019. Description of subsoil area allotted for use:

The subsoil plot has the status of geological and mining allotment located on the territory of Bodaibo Rajon, Irkutsk Oblast. The subsoil plot area consists of two plots 2.39 km2 and 9.29 km2, 11.68 km2 in total..

License type: Geological study including mineral deposits survey and appraisal, minerals prospecting and extraction. Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

Obligatory payments to be effected by the subsoil user under the license terms: For the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits) RUR per 1 sq. km of the subsoil plot: As from 2016: RUR60 (payment rate, rubles per 1 km2 per year), for the purposes of mineral deposits exploration for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments certified by mining allotment certificates) are established and registered by the State Balance Sheet of Reserves: As from 2016: RUR5,369 (payment rate, rubles per 1 km2 per year), the subsoil user must make the payments and pay the taxes and dues established by RF laws for the use of subsoil, land plots, and water areas.

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations
force majeure circumstances.

Licensed Legal Entity

Full Company Name: Sevzoto Joint Stock Company

Abbreviated Company Name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

53. License number: IRK 01612 BR Date of licensing: 24.08.2000 License effective till: 31.12.2023

Grounds for licensing: Order of Irkutsknedra. Amendment dated 08.02.2017. Description of subsoil area allotted for use:

The subsoil area has the status of geological and mining allotments located on the territory of Bodaibo District, Irkutsk Oblast. The area of the subsoil plot is 3.01 sq. km.

License type: Minerals wurvey and extraction, including utilization of wastes of mining and related processing facilities.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the he mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be made by the subsoil user under the License terms: The subsoil user must make the payments and pay the taxes and dues established by RF laws for the use of subsoil, land plots, and water areas. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full Company Name: Sevzoto Joint Stock Company

Abbreviated Company Name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 1023800731734

54. License number: IRK 02520 BE Date of licensing: 17.01.2008 License effective till: 30.12.2021

Grounds for licensing: Order of Irkutsknedra. Addendum No. 1 of 31.03.2014. Amendment of 08.06.2016. Description of subsoil plot granted for use:

The subsoil plot has the status of mining allotment located on the territory of Bodaibo District, Irkutsk Region. Area: 0.58 sq. km.

License type: Minerals prospecting and mining, including utilization of wastes of mining and related processing production.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full Company Name: Sevzoto Joint Stock Company

Abbreviated Company Name: Sevzoto JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Krasnoarmeiskaya 83

INN: 3802005440

OGRN: 10238007319734

55. License number: IRK 02545 BR Date of licensing: 09.04.2008 License effective till: 15.03.2023

Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment located on the territory of Bodaibo District, Irkutsk Oblast. Area: 6.5 sq. km.

License type: Geological exploration including prospecting and appraisal of mineral deposits, minerals prospecting and extraction.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

Deadline for bringing the deposit into development (operation): for mineral deposits entered on the state balance

sheet of mineral reserves: no later than 31 May 2018; Preparation and approval in due order of technical project for the abandonment or shutdown of mine openings, boreholes, and other underground structures, coordinated in accordance with the Russian Federation Law 'On Subsoil': no later than 1 year before the planned deposit development completion deadline.

The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be effected by the subsoil user under the license terms: For the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits) RUR per 1 sq. km of the subsoil plot: As from 2017: RUR94 (payment rate, rubles per 1 km2 per year), for the purposes of mineral deposits exploration for the subsoil plot area on which reserves of the relevant mineral (with the exception of the area of the mining allotment and/or mining allotments certified by mining allotment certificates) are established and registered by the State Balance Sheet of Reserves: As from 2017: RUR6,488 (payment rate, rubles per 1 km2 per year), the subsoil user must make the payments and pay the taxes and dues established by RF laws for the use of subsoil, land plots, and water areas.

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereo:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

56. License number: IRK 03576 BE Date of licensing: 22.01.2019 License effective till: 31.12.2023

Grounds for licensing: Order of Tsentrsibnedra (for Irkutsk Oblast (Region)) No. 1009 of 26.12.18 on reissuance of license Dalnaya Taiga JSC IRK 01307 BE. Addendum No. 1 of 31.01.2020.

Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment located on the territory of Bodaibo District, Irkutsk Oblast.. License type: Minerals survey and extraction, including utilization of wastes of mining and related processing facilities.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

Obligatory payments to be effected by the subsoil user under the license terms: The subsoil user must make the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF laws. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

57. License number: IRK 03577 BE Date of licensing: 22.01.2019 License effective till: 01.12.2021

Grounds for licensing: Order of Tsentrsibnedra (for Irkutsk Oblast (Region)) No. 1010 of 26.12.18 on reissuance of license Dalyaya Taiga JSC IRK 01308 BE.

Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment, area: 3.26 sq. km.

License type: Minerals exploration and extraction, including utilization of the wastes of mining and related processing facilities.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereofв:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be effected by the subsoil user under the license terms: The subsoil user is obliged to make the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF laws. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

58. License number: IRK 03592 BE Date of licensing: 19.03.2019 License effective till: 01.12.2029

Grounds for licensing: Order of Tsentrsibnedra (for Irkutsk Oblast (Region)) No. 242 of 18.03.19 on reissuance of license Dalnaya Taiga JSC IRK 01310 BE.

Description of subsoil area allotted for use:

The subsoil area has the status of geological and mining allotment, located on the territory of Bodaibo rajon, Irkutsk oblast.

License type: Minerals exploration and extraction, including utilization of the wastes of mining and related processing facilities.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be effected by the subsoil user under the license terms: for the purposes of survey and appraisal of mineral deposits (for the whole area of the subsoil plot granted for use, with the exception of the areas of discovered deposits), rubles per 1 sq. km of the subsoil plot: As from 2017: RUR64 (Payment rate, rubles per 1 km2 per year), for the purposes of mineral deposits exploration for the subsoil plot area on which the deposits of the relevant mineral (with the exception of the area of the mining allotment and/or allotments certified by allotment certificates) are established and registered by the State Balance Wheet of Reserves: As from 2017: RUR5,722 (Payment rate, rubles per 1 km2 per year), the subsoil user must make the payments and pay the taxes and dues for use of subsoil, land plots and water areas, as established by the RF laws.

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

- untimely financing of operations; - force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

59. License number: IRK 03578 BE Date of licensing: 22.01.2019 License effective till: 31.12.2022

Grounds for licensing: Tsentrsibnedra's Order (for Irkutsk Oblast (Region)) No. 1005 of 26.12.18 on reissuance of license Dalnaya Taiga JSC IRK 01383 B.

Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment 10.4 sq. km in area, located on the territory of Bodaibo District, Irkutsk Oblast 235 km away from the administrative center of Bodaibo.

License type: Minerals survey and extraction, including utilization of wastes of mining and related processing facilities.

License type:

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereofв:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be effected by the subsoil user under the license terms: The subsoil user must make the payments and pay the taxes and dues for use of subsoil, land plots and water areas, as established by the RF laws. Fulfillment by the issuer, its subsidiary and dependent undertakings of the obligations resulting from the license, as well as any factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:я:

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

60. License number: IRK 03581 BE Date of licensing: 05.02.2019 License effective till: 25.01.2021

Grounds for licensing: Order of Tsentrsibnedra (for Irkutsk Oblast (Region)) No. 1011 of 26.12.18 on reissuance of license Dalnaya Taiga JSC IRK 01397 BE.

Description of subsoil area allotted for use:

The subsoil area has the status of mining allotment, total area: 11.4 sq. km, located in Bodaibo District, Irkutsk Oblast, 230 km away from the district center of Bodaibo.

License type: Minerals survey and extraction, including utilization of wastes of mining and related processing facilities.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

The obligations are duly met.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

61. License number: IRK 03582 BE Date of licensing: 05.02.2019 License effective till: 20.02.2023

Grounds for licensing: Order of Tsentrsibnedra (for Irkutsk Oblast (Region)) No. 1007 of 26.12.18 on reissuance of license Dalnaya Taiga JSC IRK 02764 BE.

Description of subsoil area allotted for use:

The subsoil area has the status of geological and mining allotments located on the territory of Bodaibo District, Irkutsk Oblas.

License type: Minerals survey and extraction, including utilization of wastes of mining and related processing facilities.

Main license provisions concerning the subsoil user's obligations, stating the deadline for the above obligations:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Obligatory payments to be made by the subsoil user under the License terms: for the purposes of minerals survey for the subsoil plot area on which the deposits of the relevant mineral (with the exception of areas of the mining allotment and/or allotments certified by allotment certificates) are established and registered by the State Balance Sheet of Mineral Reserves: As from 2016: RUR5,910 (Payment rate, rubles per 1 km2 per year), the subsoil user must effect the payments and pay the taxes and dues for the use of subsoil, land plots and water areas, as established by the RF laws.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

Location: Russian Federation, 666904, Irkutsk oblast, Bodaibo, ul. Mira 4

INN: 3802010390

OGRN: 1053802019886

62. License number: IRK 03583 BE Date of licensing: 05.02.2019 License effective till: 20.02.2021

Grounds for licensing: Order of Tsentrsibnedra (for Irkutsk Oblast (Region)) No. 1006 of 26.12.18 on reissuance of license Dalnaya Taiga JSC IRK 02765 BE.

Description of subsoil area allotted for use:

The subsoil area has the status of geological and mining allotments located on the territory of Bodaibo District, Irkutsk Oblast.

License type: Minerals survey and extraction, including utilization of wastes of mining and related processing facilities.

Main license provisions with regard to the subsoil user's obligations specifying the time of performance thereof:

The timeline for the minerals extraction enterprise reaching the project capacity is determined by the deposit development technical project, coordinated and approved in accordance with the established procedure. The terms stipulating the types and scopes of works for the mineral deposits exploration and assessment and the timeline of carrying out thereof are determined by the projects of works for the subsoil geological survey, as approved in due order. Preparation and approval in accordance with the established procedure of technical project of shutdown or abandonment of the mine openings, wells, other underground structures, as agreed upon in accordance with the Russian Federation Law 'On Subsoil', no later than 1 year before the planned deposit development completion deadline. The terms stipulating the types and scopes of prospecting operations and the timeline thereof are determined by the projects of mineral exploration works, as approved in accordance with the established procedure. The subsoil user must also make other payments and pay taxes and duties set by the legislation of the Russian Federation for use of the subsoil, land plots and water areas. The level of mineral raw material extraction and the timeline of reaching the project capacity are determined by the mineral deposit development technical project. The subsoil user must annually, no later than by February 15 of the year following the reporting year, present to Rosnedra's relevant territorial body a status report on the operations carried out on the subsoil plot granted for use, in accordance with the procedure established by Rosnedra and its territorial bodies.

Factors which may negatively affect the license obligations fulfillment with an indication of the probability of realization thereof:

untimely financing of operations;
force majeure circumstances.

Licensed Legal Entity

Full company name: Lenzoloto Gold-MiningJoint-Stock Company

Abbreviated company name: Lenzoloto ZDK JSC

100

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End-of-day quote Moscow Micex - RTS Other stock markets 06:00:00 2022-07-07 pm EDT			5-day change	1st Jan Change
8,376 ^RUB	+1.84%		-.--%	-.--%

Public Joint Stock Company Polyus Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
Polymetal to sell Russian business in one piece -CEO	23-09-21	RE
Public Joint Stock Company Polyus Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-29	CI
Russian miners, Chinese investors interested in Polymetal's Russian assets -FT	23-08-21	RE
Russia's Polyus announces $6.3 billion share buyback programme	23-07-10	RE
Russia's Polyus announces share buyback programme	23-07-10	RE
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Polymetal considers divestment of Russian business	23-06-05	RE
Polymetal's senior managers resign after U.S. sanctions - company	23-06-05	RE
Russian Miner Polyus Mulls Options for Issued Notes Amid UK, Australia Sanctions	23-05-29	MT
Exclusive-From Russia with gold: UAE cashes in as sanctions bite	23-05-25	RE
Polymetal plays down scope of sanctions as London-listed shares tank	23-05-22	RE
Polymetal plays down scope of sanctions as London-listed shares tank	23-05-22	RE
Factbox-New sanctions imposed on Russia so far as G7 leaders meet	23-05-19	RE
Public Joint Stock Company Polyus Recommends Dividend for the Full Year 2022	23-05-11	CI
Russian gold miner Polyus reports 27% drop in core profit as sales fall	23-03-15	RE
Public Joint Stock Company Polyus Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-15	CI
Public Joint Stock Company Polyus Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-15	CI
PJSC Polyus Provides Production Guidance for the Fiscal 2023	23-03-14	CI
Public Joint Stock Company Polyus Provides Production Guidance for the Year 2023	23-02-21	CI
Public Joint Stock Company Polyus Reports Consolidated Production Results for the Second Half and Full Year of 2022	23-02-21	CI
Polyus Prices Ruble-Denominated Bonds Issue	23-02-16	MT
Russian Miner Polyus Nears Deal for New Depositary After Bank of New York Mellon Resignation	23-02-02	MT
The yuan's the new dollar as Russia rides to the redback	22-11-28	RE
PJSC Polyus Announces Changes in Top Management	22-11-28	CI

	1st Jan change	Capi.
POLYUS	-.--%	8.59B
NEWMONT CORPORATION	+3.24%	50.06B
AGNICO EAGLE MINES LIMITED	+19.45%	32.34B
BARRICK GOLD CORPORATION	-2.42%	29.9B
WHEATON PRECIOUS METALS CORP.	+12.88%	24.29B
NORTHERN STAR RESOURCES LIMITED	+10.62%	11.12B
ANGLOGOLD ASHANTI PLC	+27.61%	9.51B
KINROSS GOLD CORPORATION	+14.84%	8.25B
ROYAL GOLD, INC.	+2.99%	8.16B
ALAMOS GOLD INC.	+17.34%	5.95B

Polyus

Equities

PLZL

RU000A0JNAA8

Gold

Polyus : Quarterly report 3Q 2020

Latest news about Polyus

Chart Polyus

Company Profile

Income Statement Evolution

Analysts' Consensus

EPS Revisions

Annual profits - Rate of surprise

Sector Gold Mining

Feb. 29	Public Joint Stock Company Polyus Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Polymetal to sell Russian business in one piece -CEO	RE