Fitch Affirms Polyus "BB-" rating

For immediate release 28 September 2017

PJSC Polyus

Fitch Affirms Polyus "BB-" rating, Outlook Positive

PJSC Polyus (LSE, MOEX - PLZL) ("Polyus", or the "Company"), the largest gold producer in Russia, notes that Fitch Ratings has assigned Polyus a Long-Term Issuer Default Rating ("IDR") of Polyus at "BB-" with Positive Outlook and a Short-Term IDR of "B".

Fitch has withdrawn the "BB-/Positive Outlook" rating of Polyus Gold International Limited ("PGIL") and will no longer provide ratings or analytical coverage for PGIL. The decision follows the transfer of all rights and obligations under all three outstanding Eurobond issues from PGIL to Polyus Finance Plc, a wholly-owned subsidiary of Polyus.

Fitch has also affirmed "BB-" rating for the $750 million Eurobonds 2020, $500 million Eurobonds 2022 and the $800 million Eurobonds 2023 issued by Polyus Finance Plc.

Enquiries: 

Investor Contact

Victor Drozdov, Director Investor Relations

+7 (495) 641 33 77 drozdovvi@polyus.com 

Media contact

Victoria Vasilyeva, Director Public Relations

+7 (495) 641 33 77 vasilevavs@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.