OREANDA-NEWS. November 12, 2009. Further to the announcements by JSC “Polymetal” (LSE, MICEX, RTS: PMTL) (“Polymetal” or the “Company”) in relation to issuance of 84,375,000 additional ordinary shares of the Company (the “New Shares”), Polymetal announced that the report on the results of the issuance of the New Shares has been registered by the Federal Financial Markets Services of Russia on November 10, 2009. Therefore, the issuance of the New Shares has been completed, reported the press-centre of Polymetal.

As a result of the issuance of the New Shares, the acquisitions by Polymetal of 100% of the shares in CJSC “Artel of prospectors “Ayax” (details in relation to this acquisition can be found in the announcements made by the Company on November 19, 2008, December 19, 2008, and January 23, 2009) and of a 100% equity stake in OOO “Rudnik kvartsevyi” (details in relation to this acquisition can be found in the announcement made by the Company on April 8, 2009) have been completed.