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 30 March 2023, 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 Perevalnoye	Russia	100
Dukat	Primorskoye LLC	Primorskoye	Russia	100
Omolon	Omolon Gold Mining Company LLC	Birkachan Tsokol Burgali	Russia	100
Albazino	Albazino Resources Ltd	Albazino	Russia	100
Albazino	Kutyn Mining and Geological Company LLC	Kutyn	Russia	100
Mayskoye	Mayskoye Gold Mining Company LLC	Mayskoye	Russia	100
Amursk POX	Amur Hydrometallurgical Plant LLC	Downstream processing facility	Russia	100
Voro	Gold of Northern Urals JSC	Voro	Russia	100
	Saum Mining Company LLC	Saum	Russia	100
	Krasnoturinsk-Polymetal LLC	Pesherny	Russia	100
Svetloye	Svetloye LLC	Svetloye	Russia	100
Varvara	Varvarinskoye JSC	Varvara	Kazakhstan	100
Varvara	Komarovskoye Mining LLC	Komarovskoye	Kazakhstan	100
Kyzyl	Bakyrchik Mining Venture LLC	Bakyrchik	Kazakhstan	100
Nezhda	JSC SVMC	Nezhda	Russia	100
Veduga	GRK Amikan LLC	Veduga	Russia	59.4
Prognoz	Prognoz-Serebro LLC	Prognoz	Russia	100
Engineering	Polymetal Engineering JSC	Research and engineering services	Russia	100
Procurement	Polymetal Trading Ltd	Procurement and logistics	Russia	100