Polymetal discloses the following information regarding certain of its share plans.

In accordance with the Deferred Share Awards plan ('DSA'), the award of shares under the DSA, which were granted in March 2018, 2019 and 2020, have vested and were transferred to the Group CEO and Persons Discharging Managerial Responsibilities ('PDMRs') on 19 March 2021.

In addition, further to the bonus approval for the year ended 31 December 2020, the Group CEO and PDMRs have received a deferred bonus award in shares under the terms of the DSA. The total award of shares is detailed in the schedule below. Share awards will vest annually to employees over the next three years in equal instalments (in March 2022, 2023 and 2024). Under the terms of the DSA, dividend equivalents will be received on vested shares reflecting the value of the dividends which have been paid during the period from the grant date to the vesting date. Dividend equivalents will also be paid as shares to employees. Details of the DSA are disclosed in Polymetal's Annual Report and Accounts available on the Company's website at www.polymetalinternational.com

No consideration is payable for the making or vesting of the awards by the beneficiaries. A total of 152,248 shares were allotted to the Group CEO, PDMRs and other employees of the Group under DSA.

Also in accordance with the terms of the Company's Performance Share Plan ('PSP'), 10,708 ordinary shares of the Company with no par value were issued to certain individuals, none of which are either directors or PDMRs.

The new shares are expected to be admitted to trading on or around 25 March 2021. Following the allotment of shares, the total issued share capital of the Company will comprise 471,980,956 shares.

This notification is made in accordance with Article 19 of the Market Abuse Regulation.

About Polymetal

Polymetal International plc (together with its subsidiaries - 'Polymetal', the 'Company', or the 'Group') is a top-10 global gold producer and top-5 global silver producer with assets in Russia and Kazakhstan. The Company combines strong growth with a robust dividend yield.

Contact:

Tel: +44.20.7887.1475

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