OREANDA-NEWS. November 24, 2008. JSC “Polymetal” (LSE, MICEX, RTS: PMTL) (“Polymetal” or the “Company”) announced the results of the Extraordinary General Meeting of Shareholders of the Company (“EGM”) that was held in the form of absentee voting, reported the press-centre of Polymetal.

Agenda of the EGM was the following:

1. To approve the new edition of the Company’s Charter.

2. To approve the Regulations of remuneration of Polymetal’s Board members.

3. To approve certain interested party transactions that might be entered into by the Company in the future.

All items of the agenda were approved by the EGM. Interested party transactions as per item three of the agenda are loan agreements between the Company and any of its subsidiaries and surety and pledge agreements securing obligations of any of the Company’s subsidiaries owing to the third parties with the amount of each such agreement not exceeding equivalent of one billion roubles (c. US36.5 million on the basis of the Bank of Russia exchange rate as of today).