POG.L Regulatory News (POG)

PRESS RELEASE

24 October 2017

Petropavlovsk PLC

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO the united states of america, OR TO ANY PERSON LOCATED OR RESIDENT IN, the united states of america, or ANY other JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT

Fixed Income Investor Meetings and Contemplated Bond Issuance

Petropavlovsk PLC, one of Russia's major gold mining companies listed on the London Stock Exchange and expected to be rated B- (CreditWatch positive) by S&P and B- (exp) (outlook: Stable) by Fitch, has mandated Citi, J.P. Morgan, Sberbank CIB and VTB Capital as Joint Lead Managers and Joint Bookrunners to arrange a series of fixed income investor meetings in Europe and the US, commencing on 26 October 2017. An inaugural USD-denominated Reg S/144A fixed-rate benchmark offering with 5 to 7-year tenor will follow, subject to market conditions. FCA/ICMA stabilization applies.

Important Notice

Nothing in this announcement constitutes an offer of any securities in the United States of America. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This announcement is not being reviewed or approved by an authorised person for the purposes of Section 21 of the Financial Services and Markets Act 2000. Accordingly, it is not being distributed to, and must not be passed on to, the general public in the United Kingdom. This announcement is only being made to those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order")) or persons falling within Article 49(2)(a) ("high net worth companies, unincorporated associations, etc") of the Financial Promotion Order, including existing members and creditors of the Issuer, or any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order.

This announcement is not an offer, or an invitation to make offers, to sell, exchange or otherwise transfer any securities in the Russian Federation to or for the benefit of any Russian person or entity and does not constitute an advertisement or offering of securities in the Russian Federation within the meaning of Russian securities laws. This announcement has not been, nor shall be distributed to the public in the Russian Federation. Information contained in this announcement is not intended for any persons in the Russian Federation who are not "qualified investors" within the meaning of Article 51.2 of the Federal Law No. 39-FZ "On the Securities Market" dated 22 April 1996, as amended (the "Russian QIs") and must not be distributed or circulated into the Russian Federation or made available in the Russian Federation to any persons who are not Russian QIs, unless and to the extent they are otherwise permitted to access such information under Russian law.

It is expected that relevant Jersey consents would be obtained before the circulation of any offering memorandum.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014

Enquiries

For more information, please visit www.petropavlovsk.net and www.ircgroup.com.hk or contact: