OREANDA-NEWS. October 27, 2011. JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") has been informed that the holders of approximately 80% of JSC Polymetal's ordinary shares and global depositary receipts representing ordinary shares ("GDRs"), have transferred or authorised the transfer of their ordinary shares and/or GDRs in favour of PMTL HOLDING LIMITED ("PMTL"), a wholly owned subsidiary of Polymetal International Plc, a company incorporated in Jersey, Channel Islands, through the Institutional Share Swap Facility announced on 30 September 2011, reported the press-centre of Polymetal.

In relation to the ordinary shares, as of October 19, 2011, the holding of PMTL in the Company has increased from 17,199,482 ordinary shares, representing 4.31% of the total share capital of the Company, to 290,061,207, representing 72.63% of the total share capital of the Company.