OREANDA-NEWS. July 29, 2013. Polyus Gold International Limited (LSE - PGIL, OTC (US) - PLZLY, “PGIL”, “Polyus Gold” or the “Company”), the largest gold producer in Russia, releases its operating results for the first half of 2013.

Highlights

Gold production from continuing operations up by 7% year-on-year to 718 thousand ounces (first half of 2012: 670 thousand ounces)1

Significant increase in gold production at Blagodatnoye (+12%) and Titimukhta (+38%) due to higher processing volumes and increased recovery rates, and Verninskoye (+80%) as a result of continuing ramp up

On track to meet 2013 production target of between 1.59 and 1.68 million ounces

Gold sales from continuing operations estimated to be USD 9872 million (first half of 2012: USD 1,224 million) reflecting a 9% decrease in the realised gold price year-on-year.

Health and safety update

No work-related fatalities were reported in the second quarter of 2013. The LTI frequency rate was 0.13 in the first half of 2013, compared to 0.18 a year ago. 4 LTI’s were reported in the second quarter of 2013.

Between May and June 2013, a health and safety audit was conducted by an independent third-party at the alluvial operations. Based on the audit’s results, a comprehensive plan aimed at enhancing the onsite health and safety management system, improving at-risk behaviour controls and increasing efficiency of post-incident corrective actions, will be developed. As part of an ongoing effort to improve employee health and safety awareness, a defensive driving training programme has been rolled out to employees of Polyus Logistics. Additionally, new field level risk assessment procedures have been implemented across the Company’s operations.

1 Excluding 17 thousand ounces of refined gold produced at divested Kazakhstan assets in January and February of 2013

2 Excluding USD 29 million of sales from divested Kazakhstan operations in January and February 2013