Company update on COVID-19 prevention procedures

Press Release 30 March 2020

PJSC Polyus

Company update on COVID-19 prevention procedures

PJSC Polyus (LSE, MOEX - PLZL) ("Polyus", the "Company") provides an update on measures taken to minimise risks to employees during the global COVID-19 outbreak.

The Company has asked employees at its Moscow headquarters to work remotely from home until further notice, with the exception of individuals required to run critical office-based systems, effective 30 March 2020. Polyus' IT department has tested the capabilities of the Company's software and systems to ensure the smooth transition to remote work mode.

Polyus' operations remain uninterrupted. The Company has not registered any cases of COVID-19 among its employees, either in Moscow or in the regions of its presence.

The health and safety of employees remains the Company's utmost focus. Polyus continues to monitor the COVID-19 threat level and assess the potential health risks for its employees, with all monitoring systems in place.

Polyus

Polyus is the largest gold producer in Russia and one of the top five gold miners globally with the lowest cost position. Based on its 2018 Ore Reserves and Mineral Resources, the Polyus group ranks the third by attributable gold reserves among the world's largest gold mining companies.

The Polyus group's principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Enquiries

Investor and Media contact

Victor Drozdov, Director

Communications & Investor Relations (CIR) Department

+7 (495) 641 33 77

drozdovvi@polyus.com 

Forward looking statement

This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.