Polyus Gold International Limited (LSE - PLGL, OTC (US) - PLZLY, PGIL or the "Company"), the largest gold producer in Russia, further to the announcement made on 30 April 2012, announces that its indirect, wholly-owned subsidiary, Jenington International Inc., has completed the sale of 151,607,496 Shares, representing 5% less one share of the Company's issued share capital, to Chengdong Investment Corporation, a wholly-owned subsidiary of CIC International Co. Ltd., and of 50,198,271 shares and 25,153,897 Level I GDRs, representing 2.50% of the Company's issued share capital, to JSC VTB Bank. The gross proceeds received from the two transactions are equal to USD 635.5 million.

Enquiries:

Investor contact
Mikhail Seleznev, Director Investor Relations and Capital Markets
+44 (0) 208 528 14 50
ir@polyusgold.com

Media contact
Sergey Lavrinenko, Director Communications
+44 (0) 203 585 35 37
lavrinenkosn@polyusgold.com

Financial Advisor
Alex Metherell, Managing Director, Head of Natural Resources, VTB Capital plc
+44 (0) 203 334 80 00
alex.metherell@vtbcapital.com