(OSU.L) Orsu Metals Corporation Buy/Sell

RNS Number : 7457B JSC Polymetal 02 November 2009

Acquisition of Varvarinskoye is Completed

Saint-Petersburg, Russia, November 2, 2009 - JSC "Polymetal" (LSE, MICEX, RTS: PMTL) ("Polymetal" or the "Company") announces that the acquisition of a 100% interest in the Varvarinskoye Gold-Copper Mine in Kazakhstan ("Varvarinskoye") from Orsu Metals Corporation (the "Transaction") has been completed.

Summary details relating to Varvarinskoye and an overview of the Transaction can be found in the announcement made by the Company on June 15, 2009.
Media Contact Investor Relations Contact
Evgeny Freidinov Pavel Danilin
Director, Corporate EVP, Strategic Development
Communications Tel. +7.812.313.5964
Tel. +7.812.334.3664 danilin@polymetal.ru

freid@polymetal.ru

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