OREANDA-NEWS. April 14, 2014. The Board of Directors of Polyus Gold International Limited (LSE – PGIL, OTC (US) – PLZLY, PGIL or the “Company”) notes recent statements in the press regarding “deoffshorisation”, including policy statements by a number of senior members of the Russian government and proposals intended to encourage the redomicile of Russian businesses currently owned by offshore entities.

As a company with operating assets wholly located in Russia, the Board recognises that these developments may have particular implications for the Company’s business and development plans.

The Board continues to analyse, with its advisers, both the potential value opportunities and the challenges that may arise from these developments, and intends to explore these issues further with the Russian government.

No decisions with regard to these developments have been made. The Board reiterates its commitment to its public shareholders, including the importance of maintaining strong corporate governance standards.