PLZL.L Regulatory News (PLZL)

For immediate release

OJSC Polyus Gold announces the decisions taken by the Board of Directors on November 09, 2011

The Board of Directors of OJSC Polyus Gold recommends that the dividends for the financial period of the first 9 months of 2011 be declared at the rate of 26.23 rubles per ordinary share of OJSC Polyus Gold; and that the dividends be paid within 60 days of the date of the shareholders' resolution.

As announced earlier, the extraordinary general shareholders' meeting that is supposed to approve the dividend will be held on December 9, 2011.

 OJSC Polyus Gold is Russia's leading gold producer and one of the world's largest gold mining companies in terms of market capitalization, mineral reserves base and output. The Company's asset portfolio includes hard-rock and alluvial deposits in the Krasnoyarsk, Irkutsk, Magadan and Amur Regions, the Republic of Sakha (Yakutia). The company produced 1.4 m oz of gold in 2010. OJSC Polyus Gold is a majority-owned subsidiary of Polyus Gold International Limited.

For further information please contact: For investors:Alexey V. Chernushkin, Director, CM and IREvguenia V.Buydina, IR manager+7 (495) 641-3377+7 (495) 785-4031 ir@polyusgold.com

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