Investor Presentaiton

POLYMETAL INTERNATIONAL PLC INVESTOR PRESENTATION 2018 - AISC BELOW GUIDANCE At the lower end of the global cash cost curve 20 20 2018 ALL-IN SUSTAINING CASH COSTS, $/oz IAMGOLD New Gold Hochschild 994 Eldorado Gold fields Anglogold 994 981 976 YEAR-ON-YEAR CHANGE IN AISC, % 1,057 Anglogold -7 1,051 Yamana -5 Polymetal Kinross Newmont Hochschild -4 1 2 2 Kinross Buenaventura Fresnillo* Agnico-Eagle Newmont ACACIA Centamin Pan American Polymetal Goldcorp Yamana 965 Goldcorp 3 955 ACACIA 3 951 Gold fields 3 950 Centerra 4 909 905 IAMGOLD Newcrest 5 6 884 874 Barrick Gold Agnico-Eagle 7 8 861 Eldorado 8 851 843 Further decrease expected Pan American 10 Centamin 12 Newcrest Barrick Gold Centerra 835 in 2019 825 Buenaventura Fresnillo 12 13 754 New Gold 15 Source: Companies' data. Centamin and Eldorado reported on by product basis. Hochschild: AISC based on Ag/Au ratio of 80 * BMO data

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