Group structure

Polymetal organisational structure is designed for the business to operate in the most efficient way in accordance in the selected strategy and business model.

As at 14 June 2020, Polymetal held the following significant exploration, mining, and production subsidiaries:

Hub/Asset	Name of Subsidiary	Deposits/Function	Country of Incorporation	Interest held (%)
Dukat	Magadan Silver JSC	Dukat Lunnoye Arylakh Goltsovoye Olcha Perevalnoye	Russia	100
Dukat	Primorskoye LLC	Primorskoye	Russia	100
Omolon	Omolon Gold Mining Company LLC	Birkachan Tsokol Olcha Burgali Nevenrekan	Russia	100
Albazino	Albazino Resources Ltd	Albazino	Russia	100
Mayskoye	Mayskoye Gold Mining Company LLC	Mayskoye	Russia	100
Amursk POX	Amur Hydrometallurgical Plant LLC	Downstream processing facility	Russia	100
	Padalinskoe LLC		Russia	100
	Pacific hydrometallurgical plant LLC		Russia	100
Voro	Gold of Northern Urals JSC	Voro Tamunier	Russia	100
	Maminskaya Mining Company LLC	Maminskoye	Russia	100
	Krasnoturinsk-Polymetal LLC		Russia	100
Svetloye	Svetloye LLC	Svetloye	Russia	100
Varvara	Varvarinskoye JSC	Varvara Dolinnoye	Kazakhstan	100
	Komarovskoye Mining LLC	Komarovskoye	Kazakhstan	100
	Kostanay Exploration Company LLC		Kazakhstan	100
Kyzyl	Bakyrchik Mining Venture LLC	Bakyrchik	Kazakhstan	100
Kyzyl	Inter Gold Capital LLC	Bolshevik	Kazakhstan	100
Nezhda	JSC SVMC	Nezhda	Russia	100
Veduga	GRK Amikan LLC	Veduga	Russia	59.4
Prognoz	Prognoz Serebro LLC	Prognoz	Russia	100
Viksha	Semchenskoye Zoloto LLC	Viksha	Russia	100
Standalone exploration	Kutyn Mining and Geological Company LLC	Kutyn	Russia	100
Standalone exploration	Primorskaya Mining and Exploration Company LLC	Levoberezhny, Tayozhny, Kumirny	Russia	100
Engineering	Polymetal Engineering JSC	Research and engineering services	Russia	100
Procurement	Polymetal Trading Ltd	Procurement and logistics	Russia	100
	Industria LLC		Russia	100
	Polymetal Eurasia LLC		Kazakhstan	100