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  • Gold (USD) 1,250.65 -4.35
  • MOEX (RUB) 4,664.00 -50.00
  • LSE (USD) 39.24 -0.13
1,968 koz of gold
produced in 2016 (2015: 1,763 koz)
389 $/oz
Total cash cost per ounce sold
572 $/oz
All-in sustaining cash cost
Ore processed, kt
24,824 2015
26,445 2016
Adj. EBITDA $ mln
1,278 2015
1,536 2016
6 6 operating assets: 5 hard-rock mines and alluvial operations
2,458 $ mln
Total Revenue in 2016
0.12
Lost time injury frequency rate (LTIFR) per 200k hours worked in 2016 (2015: 0.08)
Factsheet
Press Releases

Polyus Gold International Limited prices USD 800 million Notes Issue

The information contained herein is not for release, publication or distribution in whole or in part in or into the Russian Federation subject to certain exceptions. These written materials are not, and under no circumstances are to be construed as, an advertising OR AN offer or an invitation to make offers to sell, purchase, exchange or otherwise transfer or dispose of any securities or other financial instruments in the Russian Federation within the meaning of Russian securities laws or to or for the benefit of any persons or entities resident, incorporated, established or having their usual residence in the Russian Federation. Information contained herein is not intended for any persons located within the territory of the Russian Federation, who are not “qualified investors” (the “Russian QIs”) within the meaning of Article 51.2 of the Russian Federal Law “On the Securities Market” No. 39-FZ dated 22 April 1996, as amended, and must not be distributed or circulated into the Russian Federation, or made available in the Russian Federation, to any persons who are not Russian QIs, unless and to the extent they are otherwise permitted to access such information under Russian law. The securities have not been and will not be registered in Russia or admitted to placement and/or public circulation in the Russian Federation and the information contained herein is not to be made publicly available in the Russian Federation. The securities are not intended for “offering”, “placement” or “circulation” (each as defined in Russian securities laws) in the Russian Federation, except as permitted by Russian law.

Press Release

PJSC Polyus

PJSC Polyus (MOEX — PLZL) (“Polyus”), the largest gold producer in Russia, notes the announcement by Polyus Gold International Limited (“PGIL”, or the “Company”), the controlling shareholder of Polyus, according to which the Company has priced an issuance of USD 800 million notes due 7 February 2023 with a coupon of 5.250% per annum (the “Notes”). The Notes will be guaranteed by Joint-Stock Company Gold-Mining Company Polyus, an indirect subsidiary of the Company.

The issue size puts the transaction among the largest ones in the Russian corporate universe being the largest non-investment grade bond issuance in Russia since 2013.

Closing and settlement of the Notes is expected to occur on 7 February 2017.

The Company intends to use the net proceeds from the issue of the Notes primarily for debt refinancing and other general corporate purposes of the Polyus Group.

Polyus

Polyus (www.polyus.com) is the largest gold producer in Russia and one of the top 10 gold miners globally by ounces produced. The Company also holds the fourth largest mineral resources base in the world.

Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).

In 2015, the Company confirmed its status of one of the lowest-cost gold producers globally.

Enquiries:

Investor contact
Victor Drozdov, Director Investor Relations
+7 (495) 641 33 77 drozdovvi@polyus.com

Media contact
Victoria Vasilyeva, Director Public Relations
+7 (495) 641 33 77 vasilevavs@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.

General

This announcement is not an offer of securities for sale in the United States. The Notes have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction of the United States. Consequently, the Notes may not be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, into or within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of the Notes is being made in the United States.

This document does not constitute an invitation or inducement to engage in investment activity within the meaning of the UK Financial Services and Markets Act 2000. This document is only being distributed to and is only directed at: (i) persons who are outside the United Kingdom; (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). The Notes are available only to, and any invitation or offer may be directed at, or any agreement to subscribe for, purchase or otherwise acquire, any securities will be engaged in only with, in the United Kingdom, relevant persons and, in any other jurisdiction, persons to whom it can lawfully be communicated and who may lawfully engage in such investment activity. Any person in the United Kingdom who is not a relevant person should not act or rely on this announcement or any of its contents.

The information contained herein is not for release, publication or distribution in whole or in part in or into the Russian Federation subject to certain exceptions. These written materials are not, and under no circumstances are to be construed as, a public offer or advertising or an invitation to make offers to sell, purchase, exchange or otherwise transfer or dispose of any securities, including securities of foreign issuers, or other financial instruments in the Russian Federation within the meaning of Russian securities laws or to or for the benefit of any persons or entities resident, incorporated, established or having their usual residence in the Russian Federation, or to or for the benefit of any person located within the territory of the Russian Federation, who is not a “qualified investor” within the meaning of Article 51.2 of the Russian Federal Law “On the Securities Market” No.39-FZ dated 22 April 1996, as amended and must not be distributed or circulated into the Russian Federation or made available in the Russian Federation, unless and to the extent they are otherwise permitted to access such information under Russian law. The securities have not been and will not be registered in Russia or admitted to placement and/or public circulation in the Russian Federation and the information contained herein is not to be passed on to third parties or otherwise be made publicly available in the Russian Federation. The securities are not intended for “offering”, “placement” or “circulation” (each as defined in Russian securities laws) in the Russian Federation, except as permitted by Russian law.

This announcement contains inside information.

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DISCLAIMER

ELECTRONIC VERSIONS OF THE MATERIAL YOU ARE SEEKING ACCESS TO ARE BEING MADE AVAILABLE ON THIS WEBPAGE BY POLYUS GOLD INTERNATIONAL LIMITED IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY, AND SUBJECT TO THE TERMS AND CONDITIONS SET OUT BELOW.

THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS LOCATED IN ANY JURISDICTION WHERE THE RELEVANT ACTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS AND REGULATIONS OF SUCH JURISDICTION OR WOULD RESULT IN A REQUIREMENT TO COMPLY WITH ANY GOVERNMENTAL OR OTHER CONSENT OR ANY REGISTRATION, FILING OR OTHER FORMALITY WHICH POLYUS GOLD INTERNATIONAL LIMITED REGARDS AS UNDULY ONEROUS ("RESTRICTED JURISDICTION")

Please read this notice carefully – it applies to all persons who view this webpage and, depending on where you live, it may affect your rights.

Basis of access

The information contained on this website is for information purposes only and is not intended to and does not constitute, or form part of, any offer, invitation or the solicitation of, an offer to sell or an invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval of an offer to acquire securities in any jurisdiction.

The information contained on this webpage speaks only at the date of the relevant document or announcement reproduced on this webpage and, subject to any continuing obligations under applicable law or any relevant listing rules, Polyus Gold International Limited accepts no responsibility or duty to update any such information, document or announcement, and reserves the right to add to, remove or amend any information reproduced on this webpage at any time

In relation to any document, announcement or information contained on the website, the only responsibility accepted by Polyus Gold International Limited is for the correctness and fairness of its reproduction or presentation unless a responsibility statement in any relevant document expressly provides otherwise.

Neither Polyus Gold International Limited nor any of its affiliated companies, have reviewed, and no such person is or shall be responsible for or accepts any liability in respect of, any information contained on any other website which may be linked to or from this website.

Polyus Gold International Limited shareholders should seek advice from an independent financial advisor as to the suitability of any action for the shareholder concerned.

Forward-looking statements

The information on this website, including information included or incorporated by reference, may contain certain forward-looking statements with respect to Polyus Gold International Limited. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "aim", "will", "may", "would", "could" or "should" or other words of similar meaning or the negative thereof. Forward-looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, economic performance, financial conditions, dividend policy, losses and future prospects; (ii) business and management strategies and the expansion and growth of the operations of the Polyus Gold International Limited; and (iii) the effects of government regulation on the business of the Polyus Gold International Limited. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of any such person, or industry results, to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on numerous assumptions regarding the present and future business strategies of such persons and the environment in which each will operate in the future. Given these risks and uncertainties, potential investors should not place any reliance on forward-looking statements. All subsequent oral or written forward-looking statements attributable to Polyus Gold International Limited or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. Polyus Gold International Limited does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

Overseas persons

Viewing this information may be unlawful if you are resident in a Restricted Jurisdiction. In certain jurisdictions, including Restricted Jurisdictions, only certain categories of persons may be allowed to view such materials. Any person who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so. If you are not permitted, or if you are in any doubt as to whether you are permitted, to view the information, please exit this website.

By choosing the “I agree” option, you represent that you are not a national of, or resident in, a Restricted Jurisdiction, and that Polyus Gold International Limited is lawfully entitled to make the content of any communication or document contained on this webpage available to you under applicable securities laws. If you are unable to give this representation, do not view the content of any communication or document contained on this webpage.

Copies of the contents of the following pages (including documents posted thereon) are not being, and must not be, directly or indirectly, released, mailed, transmitted or otherwise forwarded, distributed or sent, in whole or in part, in or into a Restricted Jurisdiction and persons receiving such documents (including, without limitation, custodians, nominees and trustees) should observe these restrictions and must not, directly or indirectly, mail, transmit or otherwise forward, distribute or send any such documents in, into or from any such jurisdiction. If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage and seek independent advice. Neither Polyus Gold International Limited nor any of their affiliated companies nor any of their respective advisers assumes any responsibility for any violation by any person of any of these restrictions.

This notice shall be governed by, and interpreted in accordance with, English law.

ACCEPTANCE OF DISCLAIMER

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