Polymetal International plc

New investor presentation and production guidance

Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its subsidiaries - "Polymetal", the "Company", or the "Group") has posted an updated Company presentation today on the Company's website.

The Company provides updated production guidance for 2016-2020, which reflects recent acquisitions of the Kapan asset in Armenia (completed on 28 April 2016) and the Komarovskoye asset in Kazakhstan (completion expected in Q3 2016):

Gold equivalent based on 80:1 Ag oz/Au oz and 1:5 Cu mt/Au oz conversion ratios.

The presentation can be accessed at our website: http://www.polymetalinternational.com/investors-and-media/presentations-webcasts/presentations/2016.aspx?sc_lang=en

ANALYST AND INVESTOR DAY

Polymetal will host an Analyst and Investor Day on Wednesday, 18 May 2016, from 9.30 a.m. to 11.30 a.m. London time (11:30-13.30 Moscow time).

Venue: Etc Venues, Bishopsgate Court, 4-12 Norton Folgate, 5th Floor, E1 6DQ, London

A live webcast of the event will also be accessible at: https://members.meetingzone.com/viewer/?partCEC=7905528.

To listen to the webcast, please dial:

8 10 8002 490 2044 (free from Russia), or

0808 109 0700 (free from the UK), or

1 866 966 5335 (free from the US), or

+44 (0) 20 3003 2666 (from outside the UK, the US and Russia)

Please be prepared to introduce yourself to the moderator or register. Webcast replay will be available on Polymetal's website (www.polymetalinternational.com).

Enquiries

FORWARD-LOOKING STATEMENTS

THIS RELEASE MAY INCLUDE STATEMENTS THAT ARE, OR MAY BE DEEMED TO BE, "FORWARD-LOOKING STATEMENTS". THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF THIS RELEASE. THESE FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE WORDS "TARGETS", "BELIEVES", "EXPECTS", "AIMS", "INTENDS", "WILL", "MAY", "ANTICIPATES", "WOULD", "COULD" OR "SHOULD" OR SIMILAR EXPRESSIONS OR, IN EACH CASE THEIR NEGATIVE OR OTHER VARIATIONS OR BY DISCUSSION OF STRATEGIES, PLANS, OBJECTIVES, GOALS, FUTURE EVENTS OR INTENTIONS. THESE FORWARD-LOOKING STATEMENTS ALL INCLUDE MATTERS THAT ARE NOT HISTORICAL FACTS. BY THEIR NATURE, SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER IMPORTANT FACTORS BEYOND THE COMPANY'S CONTROL THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS REGARDING THE COMPANY'S PRESENT AND FUTURE BUSINESS STRATEGIES AND THE ENVIRONMENT IN WHICH THE COMPANY WILL OPERATE IN THE FUTURE. FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE. THERE ARE MANY FACTORS THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS. THE COMPANY EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING TO DISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENTS CONTAINED HEREIN TO REFLECT ANY CHANGE IN THE COMPANY'S EXPECTATIONS WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS ARE BASED.