PLZL.L Regulatory News (PLZL)

30 Jul 2009 16:58



For immediate releaseMoscow, July 30, 2009

OJSC "Polyus Gold" announces the decisions taken at the Board of Directors meeting on June 30, 2009.

A Board of Directors meeting of OJSC "Polyus Gold Cold" (RTS, MMVB and LSE - PLZL) took place on June 30th, where a number of decisions were taken, including: the convocation of the extraordinary general meeting for the shareholders of OJSC "Polyus Gold"; about the job schedule for the Board of Directors for the second half of 2009; and about the acknowledgement of individual members of the Board of Directors of OJSC "Polyus Gold" as "independent directors".

It was announced that on September 14, 2009 an extraordinary general meeting for the shareholders of OJSC "Polyus Gold" will take place. The list, stating the names of the people who have the right to take part in the extraordinary general meeting for the shareholders of OJSC "Polyus Gold" will be composed on August 7, 2009.

The Board of Directors recommends that the dividends be declared according to the results of the first two quarters of 2009, in the sum of 6.55 rubles for one ordinary share of OJSC "Polyus Gold"; and to establish that the dividends be paid off during the first 60 days from the making of the decision about the payment of dividends. The total sum sent for the payment of the dividends comprised 1,249 milliard rubles.

The Board of Directors confirmed the work schedule for the board for the second half of 2009.

Also, the Board of Directors has recognized members, Lord Patrick Gillford and Zumrud Rustamova, of the Board of Directors of OJSC "Polyus Gold", as "independent directors".

OJSC Polyus Gold is Russia's leading gold producer and one of the world's largest gold companies in terms of market capitalization, minerals base and output. The Company's asset portfolio includes ore and alluvial deposits in Krasnoyarsk Territory, Irkutsk, Magadan and Amur Oblasts and Republic of Sakha (Yakutia). Gold production of OJSC Polyus Gold totaled 1,222m oz in 2008.

For further information please contact: Anton A. Arens, PR Director +7 (495) 641-3365 +7 (495) 544-5496pr@polyusgold.com 

Alexey V. Chernushkin, Director, CM and IR Evguenia V.Buydina, IR manager +7 (495) 641-3377 +7 (495) 785-4031 ir@polyusgold.com