OREANDA-NEWS. On November 13, 2008 JSC “Polymetal” (LSE, MICEX, RTS: PMTL) (“Polymetal” or the “Company”) announced that on November 12, 2008 it purchased 8 (eight) shares of JSC Aurum from OJSC Olginskaya Mining and Geological Company, reported the press-centre of Polymetal.

As a result of this transaction, Polymetal’s stake in JSC Aurum increased from 73.24% to 84.51%.

JSC Aurum is Polymetal’s exploration subsidiary conducting exploration of gold deposits at the Reftinskaya Zone (Sverdlovsk Region).