POG.L Regulatory News (POG)

9 April 2013

Director's Dealings

Petropavlovsk PLC (the Company) hereby announces that it has been notified today by the Chairman of the Company, Mr. Peter Hambro, of the information set out below.

Peter Hambro Limited elects for physical settlement of financing transaction with

J.P. Morgan Securities plc (JPM)

Peter Hambro Limited (PHL), a company associated with Mr. Hambro, has decided to elect for physical settlement by way of off-market transactions, of its equity-secured borrowing arrangement over 2,233,800 Petropavlovsk PLC ordinary shares of £0.01 each (the Shares) with JPM, which was first announced in January 2011 and extended in April 2012. The settlement will result in PHL transferring 2,233,800 Shares to JPM in four tranches, the last of which will be completed on 30 April 2013, with the Shares being valued for settlement purposes of each tranche by reference to relevant closing market price.

The table below shows the previous and the resultant shareholdings of Peter Hambro and associates:

This settlement discharges all PHL's liabilities under the borrowing and no further shares are on loan.

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