Investor Presentaiton

POLYMETAL INTERNATIONAL PLC STRATEGY INVESTOR PRESENTATION 3 SCOPE OF ACTIVITY CAPITAL ALLOCATION DESIRED OUTCOMES PRINCIPLES Russia and FSU Focus on gold, silver and possibly other base metals Medium-sized high-grade deposits Vertical integration ESG best practice Regular dividend is shareholder's right, comes before growth spending Target Net Debt/EBITDA of less than 1.5x CAPEX hurdle rate - 12% real unlevered Significant sustainable dividend Meaningful growth Stable licence to operate Robust balance sheet Reduction of environmental footprint

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