LenSpetsSMU redeems first tranche of ZAO Raiffeisenbank credit line

10.05.2012

On Friday 4 May 2012, CJSC SSMO LenSpetsSMU redeemed the first tranche of its credit line from ZAO Raiffeisenbank for USD 1.6mn in full and on time.

The credit line is to be redeemed quarterly in equal installments, starting from the May 4, 2012.

With the redemption of the first tranche LenSpetsSMU’s credit line debt has decreased to USD 12.7mn

REFERENCE

The renewable credit line from ZAO Raiffeisenbank for RUB 400mn was opened on 4 May 2011 (for the equivalent amount in USD).


CONTACT DETAILS:

Elena Kazakova

Head of Public Relations

(812) 348-21-25

Elena.Kazakova@etalongroup.com

Yana Yashchenko

Deputy CFO

(812) 349-38-40

Yana.Yashchenko@etalongroup.com