Investor Presentaiton

• • Q1 2010 highlights 100 Koz of gold produced (+ 54% Y-on-Y) • • Increased throughputs and grades at Voro and Dukat Contribution of a full quarter of Varvarinskoye production 4.9 Moz of silver produced (+12% Y-on-Y) Increased throughput at Dukat • Significantly higher silver grades at Lunnoye and Khakanja • • · Revenue of US$ 175 million (+59% Y-on-Y) Albazino-Amursk construction remains on schedule and on budget Omolon is fully prepared to pour gold in 2010 • • From the heap leach - in June - ⚫ From the CIP plant in August © 2010 Polymetal

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