PRESS RELEASE

23 July 2013

PETROPAVLOVSK PLC - ADDITIONAL LISTING

Application has been made to the Financial Conduct Authority by Petropavlovsk PLC (Petropavlovsk or the Company) for the admission of 9,778,332 ordinary shares of 1 pence each in the Company (Ordinary Shares) to the Official List and to the London Stock Exchange for these securities to be admitted to trading.

The application has been made in relation to the new Ordinary Shares being issued to shareholders in respect of their entitlement to receive 1 new Ordinary Share for every 19.21 Ordinary Shares held on the Register at the close of business on 28 June 2013 pursuant to a resolution of the Companys shareholders at the annual general meeting held on 11 June 2013. It is expected admission will be granted on 25 July 2013 and trading will commence 26 July 2013.  The new Ordinary Shares will, when issued and fully paid, rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions save that they will not be entitled to receive the cash dividend of £0.02 per Ordinary Share payable on 26 July 2013.

Following the issue of 9,778,332 Ordinary Shares the issued share capital of the Company will comprise 197,638,425 Ordinary Shares.  The Company does not hold any ordinary shares in Treasury.  Following admission, the above figure of 197,638,425 Ordinary Shares may be used by the shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the Financial Conduct Authoritys Disclosure and Transparency Rules.

EnquirIes

Petropavlovsk PLC                                                                                       +44 (0)20 7201 8900

Alya Samokhvalova

Rachel Tuft

Amanda Whalley

Maitland                                                                                                         +44 (0)20 7379 5151

Neil Bennett

George Trefgarne

Seda Ambartsumian