Polymetal International plc

Up to US$ 350 million pre-export finance facility agreement with a syndicate of banks

Polymetal International plc (LSE, MOEX: POLY; ADR: AUCOY) (together with its subsidiaries - "Polymetal", the "Company", or the "Group") is pleased to announce that it has entered into a four-year pre-export finance facility agreement for US$ 245 million with accordion feature of up to US$ 105 million ("up to US$ 350 million PXF Facility" or "the Facility").

US$ 245 million have been committed by Natixis, PJSC ROSBANK, Societe Generale and UniCredit Bank Austria AG which acted as Mandated Lead Arrangers and Bookrunners while Bank ICBC (JSC) acted as Lead Arranger. Unicredit coordinated the facility.

The Facility includes an accordion feature which allows the Company to request an increase of the facility in an amount of up to US$ 105 million. If exercised this would bring the total amount available under the PXF to up to US$ 350 million.

Polymetal plans to use the proceeds to refinance maturing debt and for general corporate purposes. The Facility will have an amortization repayment schedule and a final maturity date of November 6, 2019.

"The US$ 245 million in credit facilities, coupled with its flexible accordion feature of an additional US$ 105 million, adds to our already strong liquidity position and reflects Polymetal's financial strength and our confidence in the Company's growth opportunities", said Vitaly Nesis, Group CEO.

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