LenSpetsSMU repays second VTB credit in full and on time

22.07.2009

On Wednesday, 22 July, CJSC SSMO LenSpetsSMU paid off the second credit of VTB amounting to 20.0 million US dollars in full and on time.

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

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

NOTE:

Previous to this repayment CJSC SSMO LenSpetsSMU repaid another one credit of VTB on 8th of July (15.0 million US dollars).

As a result, the Holding’s total current liabilities in terms of financial debt are USD 163.5 mil (as opposed to the beginning of 2009 – USD 226.8 mil).

In total from the beginning of July LenSpetsSMU has repaid credits for a total sum of 42.9 million US dollars.

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