Petropavlovsk : TR1 Notification

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- Petropavlovsk PLC tachedii:

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

• An acquisition or disposal of voting rights

• An acquisition or disposal of financial instruments

• An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

City and country of registered office (if applicable)

4. Full name of shareholder(s) (if different from 3.)v

Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:

6. Date on which issuer notified (DD/MM/YYYY):

7. Total positions of person(s) subject to the notification obligation

% of voting rights at-tached to shares (to-tal of 8. A)

% of voting rights through financial instru-ments

Total of both in %

(8.A + 8.B)

(total of 8.B 1 + 8.B 2)Total number of voting rights of is-suervii

Resulting situation on the date on which threshold was crossed or reached Position of previous notification (if applicable)

1

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Exercise/ Conversion Periodxi

Number of voting rights

that may be acquired if the instrument is exercised/converted.

% of voting rights

Below 5%

Below 5%

SUBTOTAL 8. B 1

Below 5%

Below 5%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

% of voting rights

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instru-ments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the noti-fiable threshold

Prudential plc (Parent Company)Below 5%

M&G Group Limited (wholly owned subsidiary of Prudential plc)

Below 5%

M&G Limited

Below 5%

(wholly owned subsidiary of M&G Group Limited) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)

Below 5%

M&G Alternatives Investment Management Limited (wholly owned subsidiary of M&G Limited)Below 5%Below 5%

Below 5%Below 5%Below 5%Below 5%

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights heldN/A N/AThe date until which the voting rights will be held 11. Additional informationxvi

N/A

We no longer hold a notifiable interest.