Investor Presentaiton

POLYMETAL INTERNATIONAL PLC INVESTOR PRESENTATION 35 POX-2 Economic rationale for in-house processing Processing costs benefits: $230-290/t of conc Transportation cost benefits: $30-60/t of conc + 30-35 Koz of gold per annum Impact on AISC of refractory gold deposits, $/oz 700-750 500-550 550-600 400-450 Kyzyl OP 100% concentrate processed in-house Nezhda OP 100% concentrate processed in-house Notes: Processing and transportation costs Average impact on costs: $100-150/oz 920-960 Mayskoye UG actual 800-850 100% concentrate processed in-house

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