Petropavlovsk : TR1 Notification

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Petropavlovsk Plc

GB0031544546

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

Norges Bank

4. Full name of shareholder(s)

(if different from 3.):iv

N/A

5. Date of the transaction and date on

which the threshold is crossed or reached: v

12 December 2014

6. Date on which issuer notified:

15 December 2014

7. Threshold(s) that is/are crossed or reached: vi, vii

Below 3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of

shares

if possible using the ISIN CODE

Situation previous

to the triggering transaction

Resulting situation after the triggering transaction

Class/type of

shares

if possible using the ISIN CODE

Number

of

Shares

Number

of Voting Rights

Number

of shares

Number of voting

rights

% of voting rights x

Class/type of

shares

if possible using the ISIN CODE

Number

of

Shares

Number

of Voting Rights

Direct

xi

Direct

Indirect

xii

Direct

Indirect

GB0031544546

6,039,235

6,039,235

5,851,003

5,851,003

2.96%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/

Conversion Period xiv

Number of voting rights that may be

acquired if the instrument is exercised/ converted.

% of voting rights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix,

xx

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

5,851,003

2.96%

Proxy Voting:

10. Name of the proxy holder:

Norges Bank

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

None

14. Contact name:

Stanislav Boiadjiev

15. Contact telephone number:

+47 2407 3142