OREANDA-NEWS. On August 14, 2009 JSC “Polymetal” (LSE, MICEX, RTS: PMTL) (“Polymetal” or the “Company”) announced that on August 13, 2009 the Federal Financial Markets Services of Russia registered the prospectus in relation to the additional issuance of 84,375,000 ordinary shares of the Company (the “New Shares”), reported the press-centre of Polymetal.

This is one of the steps in the process which allows Polymetal to issue the New Shares pursuant to a closed share subscription described in the announcements made by the Company on May 14, 2009, June 19, 2009, and June 29, 2009.

Polymetal will provide updates on the progress of the New Shares issuance process and details about how pre-emptive rights to acquire New Shares may be exercised by eligible shareholders in due course.