OREANDA-NEWS. March 04, 2013. Further to the announcement made on 18 December 2012, Polyus Gold International Limited (LSE - PGIL, OTC (US) - PLZLY, “PGIL” or the “Company”), announces the completion of the transaction for the sale of its assets in Kazakhstan and Kyrgyzstan to a consortium consisting of Institute Project B.V., Financial Services B.V. and Folkstand Consortium Limited, as a result of which:

Romanshorn LC AG, a wholly owned subsidiary of the Company, and the Company have sold 100% of the shares in Kazakhaltyn MMC JSC (“Kazakhaltyn”) to Institute Project B.V. for a cash consideration of US\\$10 million less applicable withholding tax of USD 1.5 million;

Jenington International Inc. (“Jenington”), an indirect subsidiary of the Company, has novated all of its rights and obligations under all the loan agreements between Kazakhaltyn, as borrower, and Jenington, as lender, to Institute Project B.V. and Financial Services B.V. for an aggregate cash consideration, after adjustment in accordance with the transaction agreements, of US\\$ 287,782,137; and

the Company has completed the sale of 100% of the shares in Norox Mining Company Limited to Folkstand Consortium Limited for a cash consideration of USD1 million.