Investor Presentaiton

Khakanja Remaining LOM: 7 years Q1 2010 highlights • ⚫ Gold production essentially flat • Silver production almost doubled Y-on-Y due to 27.0 26.1 5.8 5.6 • . significant increases in processed silver grades Open pit mining at Yurievskoye has been completed. All ore (160 Kt) has been transported to the plant Viability of underground mining at both Khakanja and Yurievskoye to ensure high-grade feed from 2011 is being estimated • • Exploration drilling is under way at Yurievskoye. Development decision on the underground mine expected in Q3 2010 Key parameters of the underground mine at Khakanja to be determined in Q4 2010 Q1 2009 Q1 2010 Gold production, Koz Grade, g/t 0.55 0.29 202 102 Q1 2009 Silver production, Moz Q1 2010 - Grade, g/t © 2010 Polymetal 13

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