Polimetal OAO : Half-yearly results announcement

Saint-Petersburg, Russia, August 27, 2012 - JSC "Polymetal" (together with its subsidiaries and holding companies - "Polymetal", the "Company", or the "Group") will announce the Group's financial results for the six months ended 30 June 2012 on Thursday, August 30, 2012.

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

To participate in the call, please dial:

495 580 9543 (toll-free from Russia), or

0800 358 5263 (toll-free from the UK), or

1 877 941 2930 (toll-free from the US), or

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

http://www.audio-webcast.com/cgi-bin/visitors.ssp?fn=visitor&id=1830

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

Recording of the call will be available on Polymetal's website (www.polymetalinternational.com) and at http://polymetal300812-live.audio-webcast.com/ immediately after the call. It is also will be available at 0800 358 3474 (toll-free from the UK) or +44 207 154 2833 (from outside the UK), access code 4561864#, from 7:30pm Moscow time Thursday, August 30, till 11:59pm Moscow time Thursday, September 7, 2012.