Petropavlovsk : TR1 Notification

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

Petropavlovsk plc

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

X

An event changing the breakdown of voting rights

Other (please specify):

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

D. E. Shaw & Co., L.P.

D. E. Shaw & Co. (London), LLP

4. Full name of shareholder(s)

(if different from 3.):iv

DBMMA015 (only with respect to

shares listed in 8.A)

5. Date of the transaction and date on which the threshold is crossed or reached: v

May 10, 2017

6. Date on which issuer notified:

May 19, 2017

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

No change in overall position. Position in voting rights attached to shares has increased above 5%.

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

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct

xi

Indirect xii

Direct

Indirect

Ordinary Shares GB0031544546

131,609,333

131,609,333

256,609,333

7.82%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

Expiration

Exercise/

Number of voting

% of voting

instrument

date xiii

Conversion Period xiv

rights that may be

rights

acquired if the

instrument is

exercised/ converted.

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 datexvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix,xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

256,609,333

7.82%

Proxy Voting:

10. Name of the proxy holder:

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

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

13. Additional information:

The change in position that is the subject of this TR-1 notification is the result of the simultaneous acquisition of voting rights attached to shares of the issuer and disposal of a position of equivalent size in financial instruments with a similar economic effect to Qualifying Financial Instruments referencing shares of the issuer causing the percentage of voting rights attached to shares referenced in section 8.A above to cross 5%.

14. Contact name:

Kevin Krist

15. Contact telephone number:

+44 (0) 20 7409 4300