Investor Presentaiton

Per share metrics demonstrate substantial shareholder value creation © 2009 Polymetal Reserves (Au eq.), koz/share 11% Resources (Au eq.), koz/share 60% 88 36 39 40 55 59 2007 2008 2009 2007 2008 2009 Using 1:60 Ag/Au and 5:1 Cu/Au conversion ratios 2009 calculated based on 358 million shares. 9

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