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 2011 Voro heap leach Dukat Khakanja Voro CIP Khakanja expansion 3Q - Omolon Lunnoye (Dec.) Voro Dukat expansion plant re- launched expansion 4Q - Albazino flotation concentrator completed processed at Omolon 3Q - Amursk POX plant completed 4Q - Mayskoye flotation concentrator completed - 3Q Sopka ore © 2009 Polymetal Greenfield projects Brownfield projects 31

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