OREANDA-NEWS. December 30, 2009. JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") announces that on 24 December, 2009, the Federal Financial Markets Service of Russia ("FFMS") has authorized 20,093,750 Company's ordinary registered uncertificated shares to be placed and/or traded outside of the Russian Federation in addition to 79,750,000 Company's ordinary registered uncertificated shares which placement and/or trade outside of the Russian Federation were already authorized by FFMS in 2007. Thus the total numbers of shares authorized to be placed and/or traded outside of the Russian Federation make up 25% of all Polymetal's issued shares.

The total number of Polymetal's issued shares is 399,375,000, the number of shares currently traded outside of the Russian Federation is 53,999,416 represented by 53,999,416 global depositary receipts issued by Deutsche Bank Trust Company Americas (the Depositary).