LenSpetsSMU decreases its indebtedness by 12.4 million dollars

28.06.2010

On 28 June 2010 CJSC SSMO LenSpetsSMU repaid two credit lines of Raiffeisenbank over the schedule for total amount of $12.4 mil.

$2.4 mil it was repaid on credit line opened on 02 June 2008 with the final repayment date on 02 August 2010.

$10.0 mil it was repaid on credit line opened on 15 April 2010 with the final repayment date on 07 April 2012.

Total in June 2010 LenSpetsSMU repaid credits to various banks totaling more than $40 mil, from the beginning of the year – $117 mil.

The total debt of the company as of 30.06.2010 stands at $176.8 mil, with a net debt of $142.4 mil.

Information about the current debt situation for LenSpetsSMU is available on the company’s financial site.

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