Polyus Gold International Limited (formerly KazakhGold Group Limited) ("PGIL") announces that new CUSIP and ISIN identifiers have been assigned to the Regulation S and Level I global depositary receipts ("GDRs"), representing ordinary shares of PGIL in connection with the name change effective from 26 July 2011.

PGIL GDRs

Old identifiers

New identifiers

(effective as of 26 July 2011)

CUSIP

ISIN

CUSIP

ISIN

Level I global depositary shares, evidenced by Level I GDRs, representing ordinary shares of PGIL, ticker symbol "PLGL"

48667H600

US48667H6009

73180Y203

US73180Y2037

Regulation S GDRs representing ordinary shares of PGIL, ticker symbol "POLG"

48667H105

US48667H1059

73180Y104

US73180Y1047

PGIL intends to close its Rule 144A GDR programme shortly after this announcement.

Enquiries:

Polyus Gold International Limited

Alexey V. Chernushkin, Director, Capital Markets and IR

+44 (0) 208 528 1450

Evguenia V. Buydina, IR manager

+7 (495) 641 3377

Anton A. Arens, PR Director

+44 (0) 208 528 1450

+44 (0) 208 528 1020

General

Neither this announcement nor the information contained therein is an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities or other financial instruments in the Russian Federation or to or for the benefit of any person in Russia, and does not constitute and is not purported to constitute an offering to investors who are not "qualified investors" (as defined in the Russian Federal Law on the Securities Market) or advertisement of any securities or other financial instruments in Russia. This announcement and the information contained therein must not be passed on to third parties or otherwise be made publicly available in Russia. Distribution of this document does not constitute placement and/or public circulation of securities or other financial instruments in Russia and the Private Exchange Offer referred to herein does not, and is not intended to, constitute a public offer in Russia. The depositary receipts of Polyus Gold International Limited have not been registered in the Russian Federation and are not intended for or admitted to "placement" or "public circulation" in Russia.

Notice to U.S. investors

The depositary receipts of Polyus Gold International Limited and the shares underlying them have not been and will not be registered under the Securities Act or the securities laws of any state of the U.S., and may not be offered, sold, delivered or transferred except pursuant to an available exemption from or in a transaction not subject to the registration requirements of the Securities Act and applicable U.S. state securities laws.

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