POG.L Regulatory News (POG)

22 October 2015

Appointment of Non-Executive Director

The Board of Petropavlovsk PLC ("Petropavlovsk" or the "Company") is pleased to announce the appointment of Mr Andrew Vickerman as an independent non-executive Director with immediate effect.

Mr Vickerman is currently a member of the Supervisory Board of Trafigura Beheer B.V., an independent commodity trading and logistics house, Chairman of Alva Group, which specialises in business reputation intelligence and Chairman of Direct Nickel Limited, an Australian business that has developed technology for processing nickel laterite deposits.

Prior to the above appointments, Mr Vickerman spent almost 20 years with Rio Tinto, one of the world's leading mining companies, the last ten as a member of the Operations and Executive Committees with responsibility for global communications and external relations. An economist by background he has previously worked for The World Bank and other international agencies.

Mr Vickerman holds BA, MA and Ph.D. degrees in Economics from Cambridge University.

Commenting on this appointment, Mr Peter Hambro, Chairman said:

"I am delighted to welcome Andrew Vickerman as a non-executive director. Andrew brings a wealth of international experience across finance, operations and external affairs in addition to his extensive mining industry experience. His experience and background will be of great value.

I, Pavel and our fellow Directors look forward to working with Andrew and to his contribution."

Mr Vickerman's appointment was supported by representatives of the former holders of the Group's 4% Convertible Bonds 2015 (the "Bonds"), who are now major shareholders of the Company. Mr Vickerman's appointment concludes the proposed Board changes announced by the Company during the refinancing of the Bonds. Accordingly, the Board now comprises Mr Peter Hambro, Chairman, the Executive Directors: Dr Pavel Maslovskiy, CEO and Mr Andrey Maruta, CFO, and the Independent Non-Executive Directors: Sir Roderic Lyne, Mr Robert Jenkins, Mr Alex Green and Mr Andrew Vickerman.

The Board is now reviewing the composition of its Board Committees, details of which will be made available on the Company's website.

The Company confirms that there are no further details to be disclosed in relation to Mr Vickerman's appointment in accordance with Listing Rule 9.6.13. As at the date of this announcement, Mr Vickerman has no beneficial interests in the ordinary shares of the Company.

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