Polyus Gold International Ltd

Polyus Gold International Ltd was incorporated on September 26, 2005 and re-registered as a public limited company under Companies (Jersey) Law 1991 on November 18, 2005. The Company is a gold producer. The Company along with its subsidiaries is engaged in the extraction, refining and sale of gold. The Company's mining and processing facilities are located in the Krasnoyarsk and Irkutsk regions and the Sakha Republic of the Russian Federation. The Company also performs research, exploration and development works, the development works at the Natalka licence area located in the Magadan region of the Russian Federation. The Company operates in geographical segments including Krasnoyarsk business unit, Irkutsk alluvial business unit, Irkutsk ore business unit, Yakutia Kuranakh business unit, Magadan business unit, Exploration business unit, and Capital construction unit. The Krasnoyarsk business unit is engaged in the extraction, refining and sale of gold from the Olimpiada, Blagodatnoye and Titimukhta mines, as well as research, exploration and development work at the Olimpiada and Blagodatnoye deposits. The Irkutsk alluvial business unit is engaged in the extraction, refining and sale of gold from several alluvial deposits. The Irkutsk ore business unit is engaged in the extraction, refining and sale of gold from the Verninskoye mine, research, exploration and development works at the Smezhny and Medvezhy Zapadny deposits. The Yakutia Kuranakh business unit extracts, refines and sells gold from the Kuranakh mines. The Magadan business unit performs development works at the Natalka deposit. The Exploration business unit is engaged in research and exploration works in regions of the Russian Federation. The Capital construction unit performs construction works at Natalka, Verninskoye, Olimpiada and other deposits.