OREANDA-NEWS. November 23, 2009. OJSC Polyus Gold announced that, following relevant notification, it has been informed that the sale of up to 5% of shares in OJSC Polyus Gold, in the form of shares and/or American Depositary Receipts, announced on 19 November will not proceed due to market conditions, reported the press-centre of Polyus Gold.

This release is not an offer of securities for sale in the United States or elsewhere. The shares have not been nor will they be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the shares in the United States.

This release is directed solely at persons who (i) are outside the United Kingdom, (ii) have professional experience in matters relating to investments and who fall within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("FPO") or (iii) are high net worth entities and other persons to whom such communication may otherwise lawfully be made falling within Article 49(2)(a) to (d) of the FPO (all such persons together being referred to as “Relevant Persons”). This release must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this release relates is available only to Relevant Persons and will be engaged in only with relevant persons.