Further to the announcement made on 11 April 2011, Polyus Gold International Limited (formerly KazakhGold Group Limited) (“PGIL”) announces that on
12 September 2011 PGIL entered into a deed of amendment (the “RAPA Amendment”) to the Restated and Amended Principal Agreement dated 10 April 2011 for the sale of its operating subsidiaries and related matters (the “RAPA”) with AltynGroup Kazakhstan LLP (“AltynGroup”), a limited liability partnership controlled by members of the Assaubayev family, under which the parties have agreed to extend the date of the First Tranche Completion until 12 October 2011 and made a number of consequential changes to reflect a corresponding extension of other deadlines set forth in the RAPA and the irrevocable documentary stand-by letter of credit for US$100,000,000 obtained by PGIL pursuant to the terms of the RAPA.

Enquiries:

Polyus Gold International Limited

Alexey V. Chernushkin, Director, Capital Markets and IR
 +44 (0) 208 528 1450
Evguenia V. Buydina, IR manager
 +7 (495) 641 3377

Anton A. Arens, PR Director
 +44 (0) 208 528 1450 
 +44 (0) 208 528 1020