RDIF-led consortium of international investors participates in PJSC Polyus’ public offering

Press release, 30.06.2017

Moscow, 30 June 2017 – A consortium of international investors formed by the Russian Direct Investment Fund (“RDIF”) with leading Middle-Eastern Sovereign Wealth Funds has participated in the secondary public offering of the largest Russian gold mining company PJSC Polyus (“Polyus” or the “Company”), thus contributing to the success of a third placement by a Russian company this year.

As a result of RDIF forming the consortium, investors from countries including the UAE, Qatar, Kuwait and Bahrain were able to take part in the placement of Polyus shares.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“We are delighted to have brought together first class investors in order to ensure the successful placement of Polyus. The consolidated demand for investments in Polyus demonstrates the significant interest of international investors in high-quality Russian metals and mining assets. The success of Polyus’ offering demonstrates that the Russian market is attractive to many investors, including long-term players such as the world’s leading sovereign wealth funds. We believe that Polyus will become a new success story thanks to its efficient management model and ambitious growth plans.”

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Russian Direct Investment Fund (RDIF) is a Sovereign Fund of the Russian Federation 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 ten gold miners globally with the lowest cost position. Based on its 2016 Ore Reserves and Mineral Resources, Polyus ranks second by attributable gold reserves and third by attributable gold resources among the world’s largest gold mining companies. 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

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