Investor Presentaiton

Capital Expenditure, US$ million 250 222 20 TT 19 19 66 40 25 170 ■Varvarinskoye ■Mayskoye 112 123 80 100 110 Omolon ops 20 46 10 40 25 40 23 30 ■Albazino/Amursk Maintenance capital ■Dukat/Voro expansions 25 20 35 40 50 16 18 Exploration 2008A 2009A 2010 2011 2012 © 2010 Polymetal 23 223

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