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Jenington International Inc Offer Memorandum on purchase of Polyus Gold shares
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Memorandum is issued with respect to a proposed offer to purchase for cash of up to 17,241,379 of the issued ans outstanding shares of common stock of OJSC Polyus Gold, nominal value 1 ruble per share, including American Depositary Shares representing common shares at a purchase price of US$58 per share.

The offer starts Oct 4 5.00 PM Moscow time and expires 4.00 PM Moscow time on November 3, 2006 unless extended.

Jenington International Inc is an indirect wholly-owned subsidiary of OJSC Polyus Gold.


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