Investor Presentaiton

Amursk POX Hub • Large amount of refractory ore bodies in the Far East Russia • Processing refractory concentrates from across the Russian Far East • Absence of processing capacity for refractory ores in the region • Very expensive energy and labor in remote areas • Amursk location: -Cheap power -Skilled & stable workforce -Excellent transportation infrastructure © 2009 Polymetal Pevek Maiskoe Bering Sea Nikolaevsk-on-Amur Albazino Amursk POX ~4800 km by sea 112 km Albazino 8 km Nikolaevsk-on-Amur Kherpuchi Oglongi Agnie-Afanasievsky Solnechnyi 571 km Komsomolsk-na-Amure Amursk 18

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