POG.L Regulatory News (POG)

PRESS RELEASE

4 July 2013

Further details of final dividend payable in respect of the year ended 31 December 2012

At the Annual General Meeting of Petropavlovsk PLC ('Petropavlovsk' or the 'Company') held on 11 June 2013, shareholders approved the payment of the final dividend for 2012 comprising a cash payment of £0.02 per Petropavlovsk ordinary share ('Ordinary Share') together with an entitlement to new Ordinary Shares with an attributable value of £0.05.

Entitlement to new Ordinary Shares - 1 new Ordinary Share for every 19.21 Ordinary Shares held

Each eligible shareholder on the Registrar on 28 June 2013 (the 'Record Date') is entitled to receive, in addition to the cash dividend, such number (rounded down to the nearest whole number) of Ordinary Shares as shall have an aggregate value at the Relevant Price (as defined below) equal to £0.05 multiplied by the number of Ordinary Shares in respect of which they are entitled to receive a dividend.

The Company confirms that the Relevant Price is 96.05 pence being the average of the middle market quotations of an Ordinary Share, as derived from the London Stock Exchange Daily Official List, for the five consecutive dealing days commencing on the day on which the Ordinary Shares are first quoted "ex" the dividend entitlement, being 26 June 2013. Therefore shareholders are entitled to receive 1 new Ordinary Share for every 19.21 Ordinary Shares held as at 28 June 2013. There will be no fractional entitlement.

The new Ordinary Shares will, when issued and fully paid, rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions.

Shareholders who held their existing Ordinary Shares in uncertificated form on 28 June 2013 are expected to be allotted and issued their new Ordinary Shares as uncertificated shares on 26 July 2013 unless the Company is unable to do so under the provisions of the Uncertificated Securities Regulations 2011 (SI2001 N 01/3755) or the facilities and requirements of CREST, in which case, as in the case of new Ordinary Shares attributable to existing Ordinary Shares held in certificated form, such new Ordinary Shares will be issued as certificated shares and share certificates for such new Ordinary Shares will be posted to such shareholders at their risk on 26 July 2013. Cheques in respect of the cash dividend of £0.02 per Ordinary Share will be sent to shareholders separately on 26 July 2013 and funds will be credited to shareholder mandated accounts on 26 July 2013. Where new Ordinary Shares are issued as uncertificated shares, the Company will procure that Euroclear UK & Ireland Limited is instructed to credit the shareholder's stock account in CREST with such shareholder's entitlement to new Ordinary Shares. The stock account will be an account under the same participant ID and member account ID as the Ordinary Shares from which the new Ordinary Shares are derived.

2012 Final Dividend Timetable:

It is proposed that application will be made prior to noon on 23 July 2013 for the new Ordinary Shares of the Company to be admitted to the premium segment of the Official List maintained by the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities with admission to trading expected on or around 26 July 2013.

The Company reserves the right to make alternative arrangements in the event that it is established that any otherwise eligible shareholder is not entitled under applicable securities laws to receive their entitlement to new Ordinary Shares in that form.

Enquires

Petropavlovsk PLC +44 (0) 20 7201 8900

Alya Samokhvalova

Rachel Tuft

Maitland +44 (0)20 7379 5151

Neil Bennett

George Trefgarne

Seda Ambartsumian