LenSpetsSMU has fulfilled its obligations in relation to the coupon of the 02 series bonded loan

21.01.2009

On 21st January 2009, LenSpetsSMU fulfilled its 5th coupon payment obligation in relation to the bonded loan of 02 series (4-02-13346-J dated 25.05.2006) to the investors. The coupon was paid in full and on time.

In total 34.0 million rubles was paid off, at a rate of 58.59 rubles per one bond, which equals the 11.75 % annual coupon rate.

Considering the difficult situation in the financial market, LenSpetsSMU adds that the coupon payment didn't require any special measures to be taken and/or any additional borrowing. The repayment was effected with the planned accumulations which are made in accordance with the company's financial policy every time repayment of such borrowed funds is expected.

NOTE

The bonded loan of 02 series was placed on 26th July 2007 for a term of 3.5 years and with an offer 2 years after the placement date.

LenSpetsSMU fulfilled its obligation in relation to the offer of 28th July 2008 in full and on time. Following the offer's results, 61.3 % (920,053 pcs.) of the total number of bonds were presented for buying-out.

The issuer announced the rate of the bonded loan as 11.75% annually for a period until the bonds redemption (20.01.2010).

CONTACTS

Mikhail Dukhovny, Director of Corporate Communications Department
Telephone: +7 (812) 348-21-25, e-mail: dukhovny_m@lenspecsmu.ru

Victor Vasenev, Deputy CFO
Telephone: +7 (812) 348-09-95, e-mail: vasenev_v@lenspecsmu.ru