Polimetal OAO : Polymetal’s shares are excluded from MICEX-RTS quotation list B

Saint-Petersburg, Russia, February 22, 2012 - JSC "Polymetal" (LSE, MICEX-RTS: PMTL) ("Polymetal" or the "Company") has received a notification from CJSC "MICEX Stock Exchange" ("MICEX-RTS") that the Company's ordinary registered uncertificated shares (state registration number 1-02-00412-D) are excluded from the quotation list B of MICEX-RTS and are only admitted to trading on MICEX-RTS as unlisted securities.

his decision was made by MICEX-RTS as the Company's free-float had decreased below 10%, which occurred under the mandatory tender offer received by Polymetal from PMTL Holding Limited on November 23, 2011.