Update on refractory ore processing methods

2 July 2012

Update on Petropavlovsk's planned methods for the processing its refractory ores

Petropavlovsk PLC ("the Company") is pleased to announce that it will be holding a presentation on the planned methods of processing its refractory ores today at 11:00 (BST). A live webcast of the presentation will be available on the Company's website, www.petropavlovsk.net.

The presentation will be followed by a dial-in question-and-answer session. Participants without access to the internet may also dial in to listen to the workshop. To access this facility, please dial:

020 3425 3098 if calling from the United Kingdom

+7 499 270 0354 if calling from the Russian Federation

+4420 3425 3098 if calling from elsewhere in the world

When prompted, please enter the confirmation number 332257#.

A playback of the presentation will be available to view later today on www.petropavlovsk.net.