Statement on the US, UK and Australian sanctions

Polyus Finance PLC

26 May 2023

 

26 May 2023

Statement regarding the US, UK and Australian sanctions

Polyus Finance Plc (the "Company") informs that on 19 May 2023, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) added PJSC Polyus ("Polyus") along with several Polyus Group companies to the Specially Designated Nationals and Blocked Persons List.

The UK and Australia also announced sanctions against Polyus on 19 May 2023.

The Company, an indirect wholly owned subsidiary of Polyus, is the issuer of U.S.$500,000,000 4.70% Guaranteed Notes due 2024 (the "2024 Notes") and U.S.$700,000,000 3.25% Guaranteed Notes due 2028 (the "2028 Notes").

The Company has been considering and consulting with outside legal counsel regarding the effect of the above sanctions. The Company is also evaluating steps that will be required to fulfil its obligations under the 2024 Notes and 2028 Notes, including potential application for a license of the Office of Financial Sanctions Implementation (OFSI).

Forward-looking statements

This announcement may contain "forward-looking statements" concerning the Company and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of the Company's and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond the Company's and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as of the date of this announcement. The Company and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.

 

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