Investor Presentaiton

POLYMETAL INTERNATIONAL PLC NEZHDA Construction started in March 2019, first production expected in Q4 2021 INVESTOR PRESENTATION 28 Large: 4.4 Moz of gold at 3.6 g/t, 70% of reserves is open pit Long life: 25 years LOM, 155 Koz pa Excellent exploration potential: 8.1 Moz at 5.1 g/t Low-cost: $620-670/oz TCC and $700-750/oz AISC during first 19 years of open pit Capital-light: $234 million start-up capex Conventional technology: flotation followed by POX/offtake ORE RESERVE ESTIMATE AS AT 1 APRIL 2018 Ore Reserves Proved+Probable Open Pit Underground Tonnage, Grade, Content, Mt GE, g/t GE, Moz 38.0 3.6 4.4 28.1 3.5 3.1 9.9 4.0 1.3

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