Polimetal OAO : Q1 2012 production and FY 2011 financial results announcements

Saint-Petersburg, Russia, April 13, 2012 - JSC "Polymetal" (MICEX-RTS: PMTL) ("Polymetal" or the "Company") will announce its production results for the first quarter 2012 on Monday, April 16, 2012 and financial results for the full year 2011 - on Wednesday, April 25, 2012.

Polymetal will hold a conference call and webcast to discuss its production results on Monday, April 16, 2012 at 5:30pm Moscow time (2:30pm London time; 9:30am New York time).

To participate in the call, please dial:

810 8002 198 4011 (toll-free from Russia), or

0800 358 5256 (toll-free from the UK), or

1 877 941 6013 (toll-free from the US), or

+44 20 7190 1590 (from outside the UK, the US and Russia), or follow the link:

Please be prepared to introduce yourself to the moderator or register.

Recording of the call will be available on Polymetal's website (www.polymetal.ru

Polymetal will hold the Company's full year financial results presentation on Wednesday, April 25, 2012 at 9:00am London time at Citypoint, 1 Ropemaker Street, London, EC2Y 9AW. Conference call and webcast details will be provided later in the relevant press-release.