Investor Presentaiton

POLYMETAL INTERNATIONAL PLC NEZHDA FS study highlights FEASIBILITY STUDY HIGHLIGHTS INVESTOR PRESENTATION NPV SENSITIVITY, $m Gold price $1,000 $1,200 NPV IRR 10% 103 302 $1,400 498 $ 302m 29% WACC KEY INPUTS Start-up capex Exchange rate Throughput, ore Gold recovery to concentrate Gold payable in concentrate sold Annual gold production $234m 63 RUB/USD 1.8 Mtpa 85% 90% 155 Koz (180 Koz during first 3 years) 30 30

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