PLZL.L Regulatory News (PLZL)

Press Release 07 September 2020

PJSC Polyus

1H 2020 Dividend Recommendation

The Board of Directors (the "Board") of PJSC Polyus (LSE, MOEX - PLZL) ("Polyus", or the "Company") is recommending the dividends for the six months ended 30 June 2020 in the amount of 240.18 Russian roubles per ordinary share. The dividend is subject to approval by the Company's Extraordinary General Meeting of Shareholders ("EGM") on 30 September 2020.

The dividend amount is equivalent to approximately 3.19 U.S. dollars per ordinary share, or 1.60 U.S. dollars per depositary share (with two depositary shares representing interest in one ordinary share).

The total recommended dividend payout for the first half of 2020 will correspond to approximately 435 million U.S. dollars[1], representing 30% of the Company's EBITDA for the first half of 2020, in line with the Company's dividend policy.

The Board recommendation on dividend record date is 20 October 2020.

Polyus

Polyus is the world's fourth-largest gold mining company by production volumes, with the third-largest attributable gold reserves and the lowest production costs among major global gold producers.

The company's principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Investor and Media contact

Victor Drozdov, Director Communications & Investor Relations (CIR) Department

+7 (495) 641 33 77

drozdovvi@polyus.com 

Forward-looking statements

This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.