LenSpetsSMU redeems credits for 27.6 mn USD early

08.06.2010

From 1st to 4th June 2010 LenSpetsSMU redeemed three credits totaling 27.6 mn USD in advance.

On 1st June 2010 the Alexandrovskiy Bank credit line for 7.8 mn USD was redeemed in full. The line will remain open until 30.04.2012.

On 3rd June 2010 the Alfa-bank credit line for 12.9 mn USD was redeemed in full. The line will remain open until 31.12.2012.

On 4th June 2010 the last tranche of the ROSBANK credit line for 6.9 mn USD was redeemed in advance (the redemption date on the schedule is 30.01.2011).

Having made the redemptions, the total amount of the credit portfolio stands at 189.5 mn USD as of 04.06.2010, with net debt at 156.5 mn USD.

CONTACT DETAILS:

Natalia Menzel, Head of Public Relations

tel. (812) 348-21-25, e-mail: menzel_n@lenspecsmu.ru

Viktor Vasenev, Deputy CFO

tel. (812) 348-09-95, e-mail: vasenev_v@lenspecsmu.ru