On April 4, 2005 Matrosov Mine, a subsidiary of Polyus, held board meeting to close additional share issue placement. According to the board minutes none of Matrosov Mine’s minority shareholders used its prerogative right to buy additional share issues.

In accordance with board decision Polyus gold mining company, the largest shareholder in Matrosov Mine, will buy out entire additional share issue of 186 302 shares through closed subscription at 10 118 rubles per share.

President of Polyus Eugene Ivanov said that buying out additional share issue from Matrosov Mine is a planned move. This will enable Matrosov Mine to finance its key projects, which are further exploration of the giant Natalka deposit and the building of the test mining and processing plant.