LenSpetsSMU declared rates for 5, 6 and 7 warrants of series 02 bonded loan.

10.07.2008

On July, 10th, 2008 at the direction of CJSC "CDR" Director General it was decided to establish rates for 5,6 and 7 warrants of series 02 bonded loan:

Income for 5 warrant payable for one series 02 Bond:
11,75 % per annum or 58 roubles 59 copecks.

Income for 6 warrant payable for one series 02 Bond:
11,75 % per annum or 58 roubles 59 copecks.

Income for 7 warrant payable for one series 02 Bond:
11,75 % per annum or 58 roubles 59 copecks.

Issuer notifies investors on his readiness on timely basis and in full to discharge obligations under the offer.

The necessary information on issuer credit quality and LenSpetsSMU group of companies (reporting on Russian Accounting Standards / International Financial Reporting Standards, credit history, key indicators etc.) can be found at the financial site of the company (http://finance.lenspecsmu.ru).

Offer agent is "Bank of Moscow" OJSC.