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    PLZL   RU000A0JNAA8

PUBLIC JOINT STOCK COMPANY POLYUS

(PLZL)
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Public Joint Stock Polyus : Polyus partners with RDIF to establish Energy and Ecology subfund

12/21/2021 | 08:50am EDT

Press Release

21 December 2021

PJSC Polyus

Polyus partners with RDIF to establish Energy and Ecology subfund

Polyus (LSE, MOEX: PLZL) ("the Company" including subsidiaries - "Polyus") is pleased to announce that, in partnership with the Russian Direct Investment Fund ("RDIF") and other major Russian companies, it has participated in establishing the Fund of Industrial and Infrastructure Technologies funds ("the Fund"). Specifically, Polyus has taken part in creating the Energy and Ecology subfund.

The total assets under the Fund's management are expected to amount to approximately RUB 20 bln. RDIF has invested RUB 10 bln on behalf of the Russian government and is acting as manager of the Fund.

The aim of the Energy and Ecology subfund is to invest in companies that foster cutting-edge and promising technologies in the fields of energy, renewable energy resources, and ecology.

Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:

"We anticipate that this investment will incentivize the development of technologies in the areas of renewable energy and green energy storage systems, as well as carbon capture and storage. This is in line with our strategic goal to pursue new initiatives and solutions that will support the further reduction of our carbon footprint."

Polyus

Polyus is the world's fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Enquiries

Investor and Media contact

Victor Drozdov

Director Communications & Investor Relations (CIR) +7 (495) 641 33 77

drozdovvi@polyus.com

Forward looking statement

This announcement may contain «forward-looking statements» concerning Polyus and/or Polyus group. Generally, the words «will», «may», «should», «could», «would», «can», «continue», «opportunity», «believes», «expects», «intends», «anticipates», «estimates» or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.

2

Disclaimer

Polyus Gold International Limited published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 13:49:05 UTC.


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Sales 2022 5 503 M - -
Net income 2022 2 115 M - -
Net Debt 2022 1 195 M - -
P/E ratio 2022 -
Yield 2022 7,13%
Capitalization 25 892 M 25 892 M -
EV / Sales 2022 4,92x
EV / Sales 2023 4,42x
Nbr of Employees -
Free-Float 22,0%
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Last Close Price 191,25 $
Average target price 227,34 $
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Managers and Directors
Alexey Vostokov Chief Executive Officer
Mikhail Borisovich Stiskin Director, Deputy CEO-Economics & Finance
Sergei Igorevich Nossoff Chairman
Vladimir Anatolyevich Polin Director & Senior Vice President-Operations
Alexander Shitov Vice President-Control & Compliance
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