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En Ru
2,160 koz of gold
produced in 2017 (2016: 1,968 koz)
364 $/oz
Total cash cost per ounce sold
621 $/oz
All-in sustaining cash cost
Ore processed, kt
26,445 2016
28,663 2017
Adj. EBITDA $ mln
1,536 2016
1,702 2017
5 5 operating assets: 4 hard-rock mines and alluvial operations
2,721 $ mln
Total Revenue in 2017
0.10
Lost time injury frequency rate (LTIFR) per 200k hours worked in 2017 (2016: 0.13)
Factsheet
Press releases

Results of the Tender offers for notes due 2020, 2022, 2023 and 2024

PJSC Polyus (LSE, MOEX — PLZL) (“Polyus” or the “Company”) notes the announcement made earlier by Polyus Finance plc (the “Offeror”), an indirect wholly-owned subsidiary of the Company incorporated under the laws of England and Wales, of the results of the tender offers made by the Offeror to the holders of its notes due 2020, 2022, 2023 and 2024 (the “Notes”, “Series”) to tender such notes for purchase at prices determined pursuant to a Modified Dutch Auction. J.P. Morgan Securities plc acted as Dealer Manager in respect of the Offer.

The Offeror accepted for purchase U.S.$131,778,000 in aggregate principal amount of notes across all the Series. The Purchase Price, Series Acceptance Amount and Scaling Factor for each of the Series is set out in the announcement made earlier by the Offeror and is attached hereto as Exhibit A.

The settlement of the tender offers is expected to be on or about 26 September 2018. Investors should refer to the Tender Offer Memorandum for full details of the Tender Offer.

Mikhail Stiskin, Senior Vice President, Finance and Strategy, commented:

Polyus has successfully used an opportunity arising from the heightened volatility to perform a timely liability management — we lowered our cost of financing while improving the maturity profile. Public debt instruments remain the core of our financing strategy.

Polyus

Polyus is the largest gold producer in Russia and one of the top ten gold miners globally with the lowest cost position. Based on its 2017 Ore Reserves and Mineral Resources, Polyus group ranks second both by attributable gold reserves and gold resources among the world’s largest gold mining companies.

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

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

Exhibit A

Date: 24 September 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

POLYUS FINANCE PLC ANNOUNCES RESULTS OF THE TENDER OFFERS FOR ITS NOTES DUE 2020, 2022, 2023 AND 2024

Polyus Finance plc (the “Offeror”) announces the results of its invitations to eligible holders of its outstanding notes detailed in the table below, issued by it and guaranteed by Joint Stock Company Polyus Krasnoyarsk (“JSC Polyus”) and Public Joint Stock Company Polyus (“PJSC Polyus” and together with JSC Polyus, the “Guarantors”) (each of the issuances of notes referred to below, a “Series”, and all outstanding notes of all Series together, the “Notes”), to tender their Notes for purchase by the Offeror for cash (each such invitation, an “Offer” and, together, the “Offers”) at prices to be determined pursuant to a Modified Dutch Auction, as further set out in the table below.

Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the tender offer memorandum dated 14 September 2018 (“Tender Offer Memorandum”) issued by the Offeror.

The Offers expired at 16:00 hours, London time, on Friday 21 September 2018.

The Offeror has accepted for purchase the Notes as set out in the table below:

All the Notes that have been validly tendered at or below the respective Purchase Prices and received by the Information and Tender Agent have been accepted in full without pro-ration.

The Settlement Date is expected to be on or about 26 September 2018.

Any Notes purchased by the Offeror in the Offers will be transferred to and held by the Offeror in accordance with the terms and conditions of the Notes and, if decided by the Offeror in its sole discretion, may be cancelled in full or in part immediately after or at any time following completion of the Offers.

Offer and distribution restrictions apply. Investors should refer to the Tender Offer Memorandum for full details. If you need further information about the Offers, please contact the Dealer Manager or the Information and Tender Agent.

Offer Website: sites.dfkingltd.com/polyus

Contact Details

Dealer manager

J.P. Morgan Securities plc
25 Bank Street
+7 (495) 641 33 77
Canary Wharf
London E14 5JP
United Kingdom

For information by telephone:
+44 20 7134 2468
Attention: Liability Management
em_europe_lm@jpmorgan.com

The information and tender agent

D.F. King Ltd.
polyus@dfkingltd.com

In London:
125 Wood Street
London EC2V 7AN
United Kingdom
Telephone: +44 20 7920 9700