Further Growth Opportunities

Nezhda - Russia's 4th largest gold deposit > Large open-pittable reserves: 2.0 Moz of GE at 4.0 g/t (JORC) > Excellent exploration upside: 8.9 Moz of additional resources at 5.0 g/t (JORC) > Throughput: 1,500 Kt per annum / 85% recovery to concentrate > Technology: Flotation followed by concentrate offtake or POX processing > Annual production: 150 Koz gold > LOM: 11 years open pit followed by underground > Low capital intensity: US$249M (open pit + flotation + pre-stripping) > Robust economics:* - US$ 590-640/oz TCC 2 - US$ 650-710/oz AISC 20% IRR US$ 132M NPV Notes: *Based on 10% discount rate. the gold price of US$ 1,200/oz, 60 RUB/USD exchange rate ▲ POLYMETAL INTERNATIONAL PLC | 25

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