OREANDA-NEWS.  July 07, 2014. Polyus Gold International Limited (LSE - PGIL, OTC (US) – PLZLY, together with its subsidiaries, “Polyus Gold” or the “Company”), the largest gold producer in Russia, announces that it has initiated a Strategic Price Protection Programme (the “Programme”) for the Company.

Under the Programme, Polyus Gold has entered into a series of price protection arrangements comprised of two components i.e.:

zero cost Asian gold collars (“revenue stabiliser”) and

gold forward contracts.

The revenue stabiliser component represents a series of zero cost Asian barrier collar agreements to purchase put options and sell call options with “knock-out” and “knock-in” barriers.