Based on the materials from the official web-site of the company.

OJSC Polyus Gold, Russia’s leading gold producer, announced today that its American Depositary Receipts (ADRs), representing common shares of Polyus Gold, have been admitted to the Official List of the U.K. Listing Authority and to trading on the main market of the London Stock Exchange (LSE). Polyus Gold’s ADRs will be traded on the LSE under code “PLZL”.

No additional shares or ADRs of Polyus Gold were issued or offered in connection with the admission to listing and trading. The listing did not involve capital raising. Debevoise & Plimpton LLP acted as legal advisor to Polyus Gold in connection with the listing.

The shares of Polyus Gold are listed on the RTS Stock Exchange (code: PLZL) and the MICEX Stock Exchange (code: PLZL) in Moscow, Russia. Polyus Gold also has a Level 1 ADR program, with its ADRs trading in the over-the-counter (OTC) market in the United States.

Evgueni Ivanov, Chief Executive Officer of Polyus Gold, said: “The year 2006 has been an important period of dynamic change for Polyus. Not only did we complete our spin-off from Norilsk Nickel, but also our shares were listed in Russia and a Level 1 ADR program was established with the ADRs trading on the OTC market and now listed on the main market of the LSE. Listing on the LSE opened up the exciting opportunity that our leading position in the Russian gold industry represents to investors from around the world and will facilitate wider ownership of Polyus shares among international institutional investors.

We also welcome the greater transparency that the London Stock Exchange listing requires of our business, and are proud of the fact that we are the first Russian gold mining company to file an Independent Expert’s Report, an independent valuation of our properties, reserves and resources, prepared by Micon International”.