Based on the materials from the company’s official web-site.

OJSC Polyus Gold, Russia’s leading gold producer, today announced that as part of the preparation for its listing on the London Stock Exchange, Micon International has produced an independent expert report that assesses Polyus Gold’s proved and probable gold reserves at 50.8 million ounces. This is a 100% increase from Polyus Gold’s previously announced audited proved and probable reserves, produced under JORC standard, of 25.1 million ounces (as at 1 January 2006).