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23 JANUARY 2006  

Polymetal Company’s 2005 Key Achivements

April - US$ 105 mln. syndicated long-term trade finance loan (arranger – Standard Bank London, Hypo und-Vereinsbank, Societe Generale) awarded «Deal of the Year» by Trade Finance magazine;

July – completed production risks insurance facility as part of risk management program (insurance brokers AON and Marsh);

July – reached full processing capacity at the Khakanjinskoye plant (500,000 tpa of ore);

October - Polymetal Engineering signed an agreement to fulfill the optimization of the development of the Lomonosov diamond deposit.

November – Polymetal Engineering completed designing ore-processing facilities for the Mikhailovsky Mining-and-Processing Complex;

November – ICT Group completed a deal to sell 100% shares of Polymetal to the Nafta Moskva Group;

December – completed an international audit of ore reserves and mineral resources based on JORC Code.

December – Polymetal acquired licenses for geological exploration and mining at the gold areas Khakarinskaya (Khabarovsk Region), Galkinskaya and Katasminskaya (Sverdlovsk region);

December – Polymetal completed its first export delivery of silver to Japan.



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