OREANDA-NEWS. March 14, 2012. JSC “Polymetal” (LSE, MICEX-RTS: PMTL) (“Polymetal” or the “Company”) announces the results of the Extraordinary General Meeting (“EGM”) of Polymetal’s shareholders that was held at the Company’s headquarters, reported the press-centre of Polymetal.

All resolutions on the agenda were approved by the AGM, specifically:

The amended Charter of the Company was approved (with no reference to the Collective Executive Body of the Company – the Management Board).

The Management Board Regulations of the Company was terminated.

The numerical composition of the Board was determined to consist of 7 persons.

The authorities of all members of the Board of Directors were terminated prior to expiration of their respective terms.

The following members of the Board of directors of the Company were elected: Vitaly Nesis, Vitaly Savchenko, Sergey Cherkashin, Valery Tsyplakov, Pavel Danilin, Igor Kapshuk, Sergey Areshev.