LenSpetsSMU repays VTB credit in full and on time

08.07.2009

On Wednesday, 08 July, CJSC SSMO LenSpetsSMU paid off the credit of VTB amounting to 15.0 million US dollars in full and on time.

VTB credit was allocated to finance LenSpetsSMU’s main business activity.

As a result, the Holding’s total current liabilities in terms of financial debt are USD 183.5 mil. By the end of July this amount will be reduced to USD 162.1 mil (as opposed to the beginning of 2009 – USD 226.8 mil).

More detailed information can be found on the company’s financial site.

CONTACT DETAILS

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