Two LenSpetsSMU bond issues in MICEX Quotation List ‘B’

06.12.2010

On Monday, December 13 MICEX decided to include LenSpetsSMU bonds Series 01 and БО-02 in the Quotation List 'B'.

The inclusion of bonds in the Quotation List comes as part of the issuer's obligations to investors. Pursuant to this commitment will expand the number of investors in the secondary market of LenSpetsSMU bonds; positively affecting liquidity for both issues.

LenSpetsSMU’s Financial Department together with the arrangers of both issues (Alfa-Bank and Promsviazbank) plan to continue supporting the secondary market for outstanding bonds. On December 10, LenSpetsSMU, at the VIII All-Russian Bond Congress, held meetings with investors from over 30 banks and finance companies, in which the company presented the results of the company’s performance, as well as fielding all questions.

REFERENCE:

The bonds Series 01 for the amount of 2.0bn rubles was placed on 23 December 2009 for a 3-year term. The structure of the loan does not provide for any put options. The arrangers of the loan are Alfa-Bank (OJSC) and Promsviazbank (OJSC), the paying agent of the loan is Alfa-Bank (OJSC).

LenSpetsSMU’s loan placement was the first and only one of its kind from Russian construction industry companies during 2009.

The exchange bonds Series БО-02 for the amount of 2.0bn rubles was placed on 27 May 2010 for a 3-year term. The structure of the loan does not provide for any put options. The arrangers of the loan are Alfa-Bank (OJSC) and Promsviazbank (OJSC), the paying agent of the loan is Promsviazbank (OJSC).

Standard & Poor’s rating agency assigned both bond issues the credit rating ‘B’ according to its international scale.

Both issues are included in the list of securities accepted in the provision of direct REPO transactions by the Central Bank of RF.

In addition to the list of direct REPO, since 2008 LenSpetsSMU has been included on the Bank of Russia List of Organizations (a list of companies whose bills and indebtedness can be accepted by Central Bank of Russia as security for credit given to commercial banks), and since 2010 also in section V.2 of the Bank of Russia Lombard List.

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