Petropavlovsk PLC announce the appointments of Ms. Fiona Paulus and Mr. Tim McCutcheon as Independent Non-Executive Directors with immediate effect. It also announces that Sir. Roderic Lyne will retire from the Board following the Company's Annual General Meeting on 30 June 2020 and will be succeeded by Ms Paulus as Chairman. Sir Roderic has served on the Company's Boards for twelve of the last fourteen years and informed the Board last autumn of his intention to retire if a suitable successor could be found. Mr. Harry Kenyon-Slaney, Senior Independent Director, led an extensive selection process, assisted by a leading firm of recruitment consultants, to identify the person best qualified to lead the Board through the next phase of the Company's development. On behalf of the Company and its shareholders and stakeholders, the Board is delighted that Ms Paulus has accepted the appointment. Ms Paulus has over 37 years' global investment banking experience, having held senior management roles with a number of leading international investment banks based in London, Europe and North America. Over the past 15 years she has specialised in the energy and resources sectors where she has advised companies on many capital market transactions, including corporate financing, strategic and risk management initiatives. Ms Paulus will also replace Sir Roderic Lyne as the Chair of the Nominations committee from 30 June 2020. In addition, the Company announced that Mr. Tim McCutcheon will be appointed as an Independent Non-Executive Director of the Company with immediate effect. Mr. McCutcheon is a mining and finance professional with over 20 years of international business experience. Mr. McCutcheon has led several mining development companies with assets in Russia, Slovakia and Ghana.