RDIF to acquire a stake in PJSC Polyus

Press release, 31.05.2017

Saint Petersburg, May 31, 2017 - The Russian Direct Investment Fund (“RDIF”) has announced the agreement with Polyus Gold International Limited (“PGIL”), a majority shareholder of PJSC Polyus (MOEX – PLZL) (“Polyus”, or the “Company”), to purchase a minority stake (“RDIF Transaction”) in Polyus, a leading Russian gold producer. This purchase will be carried out alongside the investment of Fosun Group, a leading Chinese investment company, which announced today the strategic transaction with respect to acquisition of 10% stake in Polyus (“Fosun Transaction”). The price per share payable by RDIF at completion is equal to price per share for Fosun Transaction.

Following completion of the RDIF Transaction, RDIF will own 354,095 of the ordinary shares in Polyus. The completion of the RDIF transaction is subject to certain conditions, including the completion of the Fosun Transaction.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“Polyus is one of the world’s most efficient gold companies with a strong growth profile. As such, it represents an attractive investment opportunity as a highly competitive Russian company. We believe that RDIF and Fosun Group investments will support Polyus' development and contribute to attracting new foreign investors as part of the Company's potential share offering.”

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru

PJSC Polyus is the largest gold producer in Russia and one of the top 10 gold miners globally by ounces produced. The Company also holds the fourth largest mineral resources base in the world. Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia). In 2016, the Company confirmed its status of one of the lowest-cost gold producers globally. Further information can be found at www.polyus.com

Fosun Group is a Chinese investment conglomerate founded in 1992 in Shanghai. The Group's stocks have been listed on the HSE primary list since July 2007. Currently, the company's business includes two primary segments, namely integrated finance and industrial operations. Further information can be found at www.fosun.com

For additional information contact:
Maria Medvedeva
Russian Direct Investment Fund

Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru

Andrew Hayes / Yulianna Vilkos
Hudson Sandler

Tel: +44 (0) 20 7796 4133