Press Releases

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PJSC Polyus (LSE, MOEX: PLZL) («Polyus», or the «Company») highlights the announcement made by its indirect wholly-owned subsidiary Polyus Finance Plc («Issuer») earlier today on the results of the consent solicitation process («Consent Solicitation») for its outstanding U.S.$800,000,000 5.25% Guaranteed Notes due 2023, U.S.$500,000,000 4.70% Guaranteed Notes due 2024 and U.S.$700,000,000 3.25% Guaranteed Notes due 2028 («Notes»).

The Issuer thanks all Noteholders who have responded promptly and participated in the consent solicitation process and notifies that Consents from the Noteholders of the 2023 Notes and 2024 Notes were obtained and accepted before the Consent Expiration Time (14 July 2022 (5:00 p.m. (London time)).

Consents were distributed in the following way from outstanding amounts of respective notes:

• Notes due 2023 — 76%
• Notes due 2024 — 77%
• Notes due 2028 — 65%

Consequently, as of the Effective Time, I2 Capital Trust Corporation Ltd will act as the new trustee in respect of the 2023 Notes and the 2024 Notes. The Issuer intends to proceed with new consent solicitation process in relation to the 2028 Notes to replace the trustee respectively. The further steps will be announced in due course.

To recap, the terms of the earlier announced Consent Solicitation are detailed in the Consent Solicitation Memorandum dated 24 June 2022 («Memorandum»).