Public Joint Stock Company Polyus provided production guidance for the year 2023. For the year, Polyus anticipates gold production for the full year of 2023 to reside within the range of 2.8 - 2.9 million ounces. The year-on-year increase in production is expected to be mainly driven by higher grades in ore processed at Olimpiada since Polyus will be miningrich gold-bearing zones of the Vostochny pit.

Polyus continues development of its previously announced brownfield projects, including Mill-5 construction at Blagodatnoye, which is anticipated to be completed in 2025. In addition to the existing project pipeline, Polyus launches 3 new brownfield initiatives: Throughput capacity expansion at Kuranakh' existing heap leaching facilities aimed at increasing capacity from 1.5 million tonnes per annum to 5.0 million tonnes per annum starting from 2025. Construction of new 12.5 million tonnes per annum heap leaching facilities at Kuranakh with a scheduled launch in 2026andthe full ramp-up by 2028.

Introduction of a flotation circuit at Natalka by 2025. These projects are expected to add 0.3 - 0.4 million ounces of incremental gold volumes per annum to the group's gold production on the horizon of 3 - 5 years. Additional information on these initiatives will be provided in March 2023 when the Company discloses its financial results for the full year of 2022.