PLZL.L Regulatory News (PLZL)

Press Release 19 February 2020

PJSC Polyus

Polyus' MSCI ESG rating upgraded to A

PJSC Polyus ("Polyus" or the "Company") is pleased to announce that MSCI has upgraded the Company's MSCI ESG rating from BBB to A.

MSCI specifically highlights Polyus' leading position within the global precious metals industry in the areas of health & safety and biodiversity & land use. At the same time, the Company is not listed as a "laggard" on any of the key ESG-related topics evaluated by MSCI.

Since 2019, Polyus' shares are included in the MSCI Emerging Markets ESG Leaders Index.

Details on Polyus' current MSCI ESG rating can be found on MSCI's official website: https://www.msci.com/esg-ratings/

Pavel Grachev, Chief Executive Officer of PJSC Polyus, commented:

"This latest rating upgrade places Polyus among the three major Russian companies with the highest MSCI ESG rating, and among the highest scorers in the metals and mining industry globally. It is testament to our ongoing focus on driving the best sustainability practices throughout our operations, and our commitment to transparency. Sustainable development is an integral element of our business strategy and a major priority for both our management team and our Board of Directors."

Polyus

Polyus is the largest gold producer in Russia and one of the top 10 gold miners globally with the lowest cost position. Based on its 2018 Ore Reserves and Mineral Resources, the Polyus group ranks the third by attributable gold reserves among the world's largest gold mining companies.

The Polyus group's principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Enquiries

Investor and Media contact

Victor Drozdov, Director

Business Communications & Investor Relations Department

+7 (495) 641 33 77

drozdovvi@polyus.com 

Forward looking statement

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.