Notification of Fourth Quarter 2010 Trading Update

24 January 2011

Petropavlovsk PLC is pleased to confirm that it will be announcing its 2010 full year and fourth quarter trading statement on 27 January 2011 as an update and in advance of its Annual Results for the year ended 2010 which are expected to be issued on 31 March 2011.

In addition, there will be a conference call at 10:00 GMT on Thursday, 27 January 2011.

Details to access the call are as follows:

The Dial-in number in the UK will be: 0800 073 8965

The Dial-in number in Russia will be: 8108 002 394 2044

The Dial-in number in the USA will be: 1866 926 5708

Elsewhere, the Dial-in number will be: +44 (0) 1452 560 304

The conference ID: 36053552