LenSpetsSMU fulfills first redemption obligation for the first installment and payment on 9th Eurobond coupon

12.02.2013

On Monday 11 February 2013, CJSC SSMO LenSpetsSMU fulfilled its obligations to investors for the redemption the first installment (11% of the nominal) and payment of interest on Eurobonds (CLN) in full and on time.

In total, USD 20 237 500 of the obligation was paid down. Of this, USD 16 500 000 represents 11% of the nominal and USD 3 737 500 is the amount of interest paid on the total.

REFERENCE

On 15 November 2010, LenSpetsSMU placed Eurobonds (CLN) totaling USD 150mn. The CLNs have an amortization repayment scheme which dates the final payment as due on 09 November 2015 and also provides the opportunity for full or partial voluntary payment within the stated Repayment Date. The structure of the loan does not provide for any put options and the interest rate is fixed at 9.75%.

The legal adviser on the issue was Allen & Overy. The tax advisor was Pepeliaev Group. The trustee is TMF Group,with Deutsche Bank (London branch) acting as the paying agent.

CONTACT DETAILS:

Kseniya Savchuk

Acting head of Public Relations

+7 (812) 348-21-25

Kseniya.Savchuk@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 349-38-40

Yana.Yashchenko@etalongroup.com