Polymetal will conduct a share swap for Russian holders

Polymetal intends to make a new exchange of shares blocked at NSD and other Russian depositories for shares traded on Kazakhstan's AIX exchange at a one-to-one ratio. Exchange offer applies only to shareholders who are not unfriendly to Russia and are not subject to sanctions. As of today, 14% of Polymetal shares remain blocked. New exchange must be approved by the company's shareholder meeting, which will be held on December 8.