PLZL.L Regulatory News (PLZL)

OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer, today announced preliminary results of the Annual general shareholders meeting (AGM) that was held in Moscow on 21 May, 2010.

In accordance with the preliminary results, the following resolutions have been passed by the AGM:

·; Approval of the 2009 Annual report of OJSC Polyus Gold, the 2009 RAS financial statements of OJSC Polyus Gold, including Profit and Loss statement.

·; Distribution of profits and losses of OJSC Polyus Gold for 2009, including dividend payment on shares in OJSC Polyus Gold for 2009. It was resolved to declare dividends upon the 2009 financial results of OJSC Polyus Gold at the rate of RUR 15.83 per ordinary share of OJSC Polyus Gold. Considering the effected interim dividend payment upon the results of 6 months of 2009 in the amount of RUR 6.55 per ordinary share, to effect the final payment in the amount of RUR 9.28 per ordinary share of OJSC Polyus Gold.

·; Election of the members of the Board of Directors of OJSC Polyus Gold.

·; Election of the members of the Audit Commission of OJSC Polyus Gold.

·; Approval of the auditor of OJSC Polyus Gold.

·; Approval of the principal terms of Directors' and Officers' liability insurance for OJSC Polyus Gold.

·; Approval of remuneration and reimbursement of expenses of the members of the Board of Directors of OJSC Polyus Gold.

In accordance with the preliminary results, the AGM elected the Board of Directors of OJSC Polyus Gold consisting of the following members: Mikhail Prokhorov, Zumrud Rustamova, Anna Kolonchina, Pavel Grachev, Alexander Mosionzhik, Ekaterina Salnikova, Evgeny Ivanov, Maxim Finskiy, Lord Patrick Gillford.

The results of the Annual meeting will be finalized and published as stipulated for by the Federal law "On Joint-Stock Companies".

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