OREANDA-NEWS. May 30, 2011. JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") announces that it has entered into a facility agreement with Societe Generale S.A. and joint-stock company Banque Societe Generale Vostok (together "Societe Generale") as Mandated Lead Arrangers for the total amount of US\\$100 million (the "Agreement"), reported the press-centre of Polymetal.

The funds to be drawn down under the Agreement will be used to repay Polymetal Group's existing loans and finance ongoing operations, and are repayable in equal quarterly installments with the last payment due on May 25, 2014 following a grace period of 12 months.

The interest rate applicable to each three-month interest period will be the sum of the three-month LIBOR in US Dollars and a margin of 2.5% per annum.