NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Polymetal International plc

1b. Please indicate if the issuer is a non-UK issuer �(please mark with an "X" if appropriate)

Non-UK issuer

X

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

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An acquisition or disposal of financial instruments

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An event changing the breakdown of voting rights

X

Other (please specify)iii:

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3. Details of person subject to the notification obligationiv

Name

Mr. Petr Kellner

City and country of registered office (if applicable)

Vran� nad Vltavou, Czech Republic

4. Full name of shareholder(s) (if different from 3.)v

Name

Fodina B.V.

City and country of registered office (if applicable)

Amsterdam, The Netherlands

5. Date on which the threshold was crossed or reachedvi:

23/01/2020

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6. Date on which issuer notified (DD/MM/YYYY):

24/01/2020

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7. Total positions of person(s) subject to the notification obligation

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% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

3.37

3.13

6.50

(30,583,504 shares)

30,583,504

Position of previous notification (if

applicable)

2.82

3.68

6.50

(30,583,504 shares)

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9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

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Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Petr Kellner

3.33

3.1

6.43

PPF Holdings B.V.

0.48

0.45

0.93

PPF Group N.V.

3.37

3.13

6.50

Fodina B.V.

3.37

3.13

6.50

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10. In case of proxy voting, please identify:

Name of the proxy holder

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The number and % of voting rights held

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The date until which the voting rights will be held

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11. Additional informationxvi

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Place of completion

Prague

Date of completion

27/01/2020