OREANDA-NEWS. November 16, 2010. Further to the announcement by JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") on September 2, 2010 in relation to the employee incentive program tied to the Company's share price performance (the "Program"), Polymetal announces that the Company's Board of Directors (the "Board") has approved the list of participants of the Program (the "List"), reported the press-centre of  Polymetal.

The List has been preliminary approved by the Remuneration and Nomination Committee of the Board and consists of 76 employees who in total will receive 85% of the Bonus Fund, or up to 25.5 million ordinary shares of Polymetal.

The remaining 15% of the Bonus Fund, or up to 4.5 million shares, was allocated to a reserve fund, to be distributed among future participants by the Management Board of the Company within validity of the Program.