22.12.2014

For immediate release

Polyus Gold International Limited (LSE - PGIL, OTC (US) - PLZLY, "PGIL", "Polyus Gold" or the "Company"), the largest gold producer in Russia, is pleased to announce that its ordinary shares (the "Shares") have been admitted to trading on the main market of the Moscow Exchange ("Admission").

The Shares will be traded in the Main Market segment (Listing Level 1), with quotation and settlement in Russian rubles. The date of commencement of trading in the Shares on the Moscow Exchange will be announced separately.

As a result of the Admission, the Company has obtained a secondary listing of its shares on the Moscow Exchange in addition to the premium listing on the main market of the London Stock Exchange where its shares have been traded since 19 June 2012.

Pavel Grachev, СEO of Polyus Gold, said:

"Achieving dual listing in both Moscow and London is a natural move for Russia's largest gold miner by capitalisation and production. Trading in the Polyus shares on the Moscow Exchange will allow Russian institutional and retail investors to invest in our stock. We aim to broaden our investor base, further improve access to capital and improve liquidity in the Company's shares."

Enquiries:

Sergey Krivokhizhin, Director Investor Relations
+44 (0) 203 585 35 37 [email protected]

Sergey Lavrinenko, Director Communications
+44 (0) 203 585 35 37 [email protected]

Forward looking statements

This announcement may contain "forward-looking statements" concerning PGIL. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of PGIL's operations. Many of these risks and uncertainties relate to factors that are beyond PGIL's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. PGIL assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.