PLZL.L Regulatory News (PLZL)

14 Sep 2007 15:01

OJSC Polyus Gold14 September 2007 For immediate release Moscow, September 14, 2007 Polyus Gold managers exercise options to acquire Company's shares OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer,announced the exercise by its top managers of their options to acquire PolyusGold shares pursuant to the option plan which was initially approved by theBoard of Directors of Polyus Gold in April 2007. As a result of the exercise ofthese options five top managers, including former managers, and Members of theBoard of Directors of Polyus Gold acquired, directly or indirectly, a total of4,575,065 shares. Following the execution of the options and resolution of the Board to reduce thenumber of shares for the option plan to 4,765,693 adopted on September 10, 2007,only 190,628 shares remain subject to the Company's option plan. GeneralDirector of Polyus Gold, Mr. Pavel Skitovich, has no participation in the optionplan at this point in time. The options were exercised at the price of $14.00 per share. The realizedoptions are expected to result in an expense to the Company of up to $140million, which will be recorded for the first half of 2007. For more information contact: Victoria V. Vergelskaya, PR DirectorElena D. Evstigneeva, Media Relations+7 (495) 641-3365+7 (495) 544-5496 pr@polyusgold.com This information is provided by RNS The company news service from the London Stock Exchange