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Press Release                                                                               15 July 2022

Results of Consent Solicitation

PJSC Polyus (LSE, MOEX: PLZL) («Polyus», or the «Company») highlights the announcement made by its indirect wholly-owned subsidiary Polyus Finance Plc («Issuer») earlier today on the results of the consent solicitation process («Consent Solicitation») for its outstanding U.S.$800,000,000 5.25% Guaranteed Notes due 2023, U.S.$500,000,000 4.70% Guaranteed Notes due 2024 and U.S.$700,000,000 3.25% Guaranteed Notes due 2028 («Notes»).

The Issuer thanks all Noteholders who have responded promptly and participated in the consent solicitation process and notifies that Consents from the Noteholders of the 2023 Notes and 2024 Notes were obtained and accepted before the Consent Expiration Time (14 July 2022 (5:00 p.m. (London time)).

Consents were distributed in the following way from outstanding amounts of respective notes:

• Notes due 2023 - 76%
• Notes due 2024 - 77%
• Notes due 2028 - 65%

Consequently, as of the Effective Time, I2 Capital Trust Corporation Ltd will act as the new trustee in respect of the 2023 Notes and the 2024 Notes. The Issuer intends to proceed with new consent solicitation process in relation to the 2028 Notes to replace the trustee respectively. The further steps will be announced in due course.

To recap, the terms of the earlier announced Consent Solicitation are detailed in the Consent Solicitation Memorandum dated 24 June 2022 ("Memorandum").

The following table sets forth details of the Notes:

Polyus

Polyus is the world's fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Investor and Media contact

Victor Drozdov,

Director Communications & Investor Relations (CIR) Department

+7 (495) 641 33 77

drozdovvi@polyus.com

Forward-looking statements

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.

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