Acron : Report on payments to governments in 2020

PAYMENTS TO GOVERNMENTS

Report on Payments Made to Governments in 2020

June 2021

This report outlines payments made by PJSC Acron and its subsidiaries (hereinafter, the 'Group') to governments in 2020 related to the Group's mining activities. The report is based on financial information available to the Group as of the date of this report and is subject to assumptions and reservations customarily included in financial statements of the Group, which are hereby incorporated by reference and form an integral part of this report as if set forth herein in full as amended.

1

Payments by Country and Level of Government (USD '000)

							Taxes on the											Licence fees,
							income,								Signature,			rental fees, entry
	Government in			Production			production or								discovery			fees and other			Payments for
					profits,			Royalties		Dividends			and			considerations			infrastructure			Total
	Russia			entitlements
					excluding								production			for licences			improvements
							taxes on								bonuses			and/or
							consumption											concessions
	Russia - federal	0		1,768		0	0		0		0		0		1,768
	government
	Russia - regional
	government -	0		2,004		0	0		0		0		0		2,004
	Perm region
	Russia - regional
	government -	0		2,068		0	0		0		0		0		2,068
	Murmansk region
	Russia - regional
	government -	0		29		0	0		0		0		0		29
	Moscow
	Russia - local
	government -
	Kirovsk and its	0		0		0	0		0		0		2,058		2,058
	subordinated
	territory
	Russia - local
	government -	0		0		0	0		0		0		2,113		2,113
	Apatity
	Russia - local
	government -	0		0		0	0		0		230		0		230
	Berezniki
	Payments to
	governments in			0			5,869			0		0			0			230			4,171			10,270
	Russia

2

Taxes on the

Licence fees,

income,

Signature,

rental fees, entry

Governments in

Production

production or

discovery

fees and other

Payments for

profits,

Royalties

Dividends

and

considerations

infrastructure

Total

Canada

entitlements

excluding

production

for licences

improvements

taxes on

bonuses

and/or

consumption

concessions

Canada -

regional

0

0

0

0

0

2,872

0

2,872

government -

Saskatchewan

Payments to

governments in

0

0

0

0

0

2,872

0

2,872

Canada

Total payments

0

5,869

0

0

0

3,102

4,171

13,142

3

Payments on a Project-by-project Basis (USD '000)

							Taxes on the											Licence fees,
							income,								Signature,			rental fees, entry
				Production			production or								discovery			fees and other			Payments for
	Projects in Russia					profits,			Royalties		Dividends			and			considerations			infrastructure			Total
			entitlements
						excluding								production			for licences			improvements
							taxes on								bonuses			and/or
							consumption											concessions
	Verkhnekamsk	0		2,422		0	0		0		230		0		2,652
	Potash Company
	North-Western
	Phosphorous	0		3,447		0	0		0		0		2,058		5,505
	Company
	Partomchorr	0		0		0	0		0		0		2,113		2,113
	Mining Company
	Payments for			0			5,869			0		0			0			230			4,171			10,270
	projects in Russia

4