Petropavlovsk - Re: POG Stream Log - Chairman Peter Hambro written word...

Chairman Peter Hambro written word 28th April 2014 Q1 2014 due to increase in production levels we estimate to reduce to below US $850millions convertible bonds which matures in February 2015. A plan to execute is well advanced and the board looks forward to announcing in due course. I am pleased to say that cost cutting measures in the second half were successful, we have made considerable headway in reducing our net debt. Since the year end Gold prices and USd exchange rate have moved in our favour the groups production targets for 2014 is 625,0000oz. Looking further forward to the Pox Hub this advanced technology it releases and processes Gold particles. Dividends payable are recognised when they have been approved. It is our 20th Anniversary, looking forward to a positive future with Petropavlovsk AGM Meeting 17th June 2014