OREANDA-NEWS. On July 24, 2008 JSC “Polymetal” (LSE, MICEX, RTS: PMTL) (“Polymetal” or the “Company”) announced that on July 23, 2008 the Company’s Board of Directors made a decision to re-appoint Vitaly Natanovich Nesis as Polymetal’s Chief Executive Officer for five years starting from September 1, 2008, reported the press-centre of Polymetal.

Vitaly Nesis became CEO of the Company in 2003, and his current appointment expires on August 31, 2008.