OREANDA-NEWS. On May 27, 2008 OJSC Polyus Gold (RTS, MICEX and LSE - PLZL)("Polyus Gold"), Russia's leading gold producer, announced that it has received notice from the UK Financial Services Authority, acting in its capacity as the UK Listing Authority ("UKLA"), that the UKLA is conducting a preliminary review into the compliance by Polyus Gold with the UK's Disclosure and Transparency Rules, reported the press-centre of Polyus Gold.

According to the notice this enquiry relates to the material increases in the price of Polyus Gold's depositary receipts around the time of the press announcements on 16 May 2008 that Kazimir Partners made an unsolicited offer to acquire 4,766,000 ordinary shares of Polyus Gold (approximately 2,5% of its ordinary shares) for US\\$350m and the company's announcement of the offer on 20 May 2008.