Further Growth Opportunities

Getting ready for the new investment and growth phase Capital expenditures, US$M 415 400 30 30 30 300 160 100 60* 70 85 80 170 155 145 2017A 2018E Notes: subject to positive investment decision. ** Exploration includes Viksha, Prognoz ▲ POLYMETAL INTERNATIONAL PLC 2019E Nezhda ■ POX-2 ■Kyzyl and POX expansion ■ Exploration ■Stay-in-business CapEx | 33

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