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Investor Presentaiton

Track Record and the Pipeline · • • Outstanding track record in commissioning new mines All engineering and construction performed in-house by Polymetal Engineering In-house engineering expertise provides a key competitive advantage 2000 2002 2003 2004 2005 2009 2010 Voro heap leach Dukat Khakanja Voro CIP Khakanja expansion Q3 - Omolon Lunnoye Voro (Dec.) © 2010 Polymetal 2011 Dukat expansion plant re- launched expansion Q4 - Albazino flotation concentrator completed Q2 Amursk POX plant completed Q3 Sopka ore processed at Omolon Q4 - Mayskoye flotation concentrator completed Greenfield projects Brownfield projects 29

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