OREANDA-NEWS. On April 08, 2009 JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") announced that on April 7, 2009 the Company's Board of Directors (the "Board") made the following decisions (in the form of the absentee voting), reported the press-centre of Polymetal:

To elect Mr. Ilya Yuzhanov as the Company's Chairman.

To elect Mr. Konstantin Yanakov as the Company's Vice-Chairmen.

To elect the following members of the audit Committee of the Board: Messrs. Jonathan Best (Chairman of the Committee), Konstantin Yanakov, and Russell Skirrow.

To elect the following members of the remuneration Committee of the Board: Messrs. John O'Reilly (Chairman of the Committee), Martin Schaffer, and Ilya Yuzhanov.

To approve acquisition of 100% of the share capital of OOO "Rudnik Kvartsevyi" for 10,000,000 of the Company's ordinary shares (with the nominal value of 0.2 roubles) to be additionally issued.

To liquidate the Company's representative office in Moscow.

To amend the Company's Charter to reflect liquidation of the Company's representative office in Moscow.