OREANDA-NEWS. On June 26, 2007  Board of Directors of JSC “Polymetal” (the Company) made a decision to hold the Extraordinary General Meeting (EGM) in the form of absentee voting, reported the press-centre of  JSC “Polymetal”.  

Voting cards of the EGM are accepted through July 31, 2007;

The filled out and signed voting cards shall be delivered to the Company’s address 2 Prospect Narodnogo Opolchenya, Saint Petersburg, 198216, Russia.

The list of the AGM participants is based on the listing of Polymetal’s shareholders, June 26, 2007 after market close.

Agenda of the EGM:

1. To approve the major interested-party transaction — additional agreement to the contact of guarantee as of 27 December 2006 signed by Polymetal and ABN AMRO BANK N.V., London Branch and to include add-in and revisions.

2. To approve interested-party transactions — additional contribution to the share capital of Polymetal Trade House Ltd.

3. To approve interested-party transactions — private offering of 125 000 000 ordinary shares of CJSC “Silver Territory”, totaling 500 000 000 rubles.

The information to be delivered to EGM participants is available from June 26 until July 30, 2007 (working days only), from 9a.m. till 6p.m. at the Company’s headquarters [of.1112, 2 Prospect Narodnogo Opolchenya, Saint Petersburg, 198216, Russia].