FESCO Confirms Its Commitment to Pay 20% of the Nominal Amount of the Bonds Series BO-02 upon Receipt of the Waiver

FESCO Transportation Group (the “Group” or “FESCO”) announces its operating and financial results for the year 2022.

FESCO (parent company of FESCO Transportation Group, the “Group”) announces its fulfillment of obligations to holders of exchange-traded bonds series BO-01 and full repayment of the issue.

FESCO Transportation Group (the “Group” or “FESCO”) announces its operating and financial results for six months ended on June 30, 2022. The Group also informs that all audit procedures in relation to consolidated interim condensed statements according to international standards for the first half of 2022 have been completed. Full version of statements with notes is published on www.fesco.ru, section To Shareholders and Investors. Operating and financial results of the Group As per results of H1 2022, FESCO has improved its key operating and financial indicators, in particular: achieved record traffic volumes of 144 thousand TEU on international lines from countries of Southeast Asia to the Far East. Cumulative increase compared to 2021 is 22%; achieved record volumes of refrigerated cargo transportations. Total volume amounted to 19 thousand TEU, which is 35% higher than in 2021; EBITDA in the amount of 37 969 million rubles, which is more than 2 times higher than the level of the same period in 2021; record low “Net debt/EBITDA” indicator of 0.3x as of 30.06.2022; The Group continued to increase assets: container fleet in operation has been increased by 3 184 units; the fleet of fitting platforms has been replenished with 1 723 units of 80-ft platforms. Operating results of the Group: Six-month period ended30 June Indicator of 2021 2022 Alteration, % Container transshipment in CPV (thousand TEU) 364,5 345,5 (5) General cargo and oil products transshipment in CPV (thousand tons) 3 158,7 3 016,2 (5) Intermodal transportations (thousand TEU) 222,1 244,8 10 International marine transportations (thousand TEU) 137,4 151,1 10 Coastal shipments (thousand TEU) 38,6 42,1 9 Transshipment of containers in CPV decreased by 5% due to withdrawal of major international line operators from the Russian market. Volumes of intermodal transportations are increased by 10% compared to 2021 and amount to 245 thousand TEU due to development of geography of transportations, increase of container fleet and fitting platforms. Financial performance of the Group: Six-month period ended30 June Indicator of, mln RUB 2021 2022 Alteration, % Revenue 47 797 84 347 75 EBITDA 1 16 906 37 969 125 EBITDA margin, % 35,4 45,0 9,6 п.п. Consolidated debt of the Group as of 30.06.2022 Indicator of, mln RUB 31.12.2021 EBITDA 30.06.2022 EBITDA (Cash balances) (11 068) (0,2х) (23 734) (0,6х) Loans and lease liabilities 2 34 010 0,7х 32 993 0,9х Short-term 3 639 2 817 Long-term 30 371 30 176 Total net debt 22 942 0,5х 9 259 0,3х Net debt as of June 30, 2022 decreased to 9 259 million rubles from 22 942 million rubles as of end of 2021. Obligations of the Group: 30 267 million rubles on credits and loans 2 726 million rubles on lease agreements

FESCO Transportation Group (“FESCO”, the “Group”) announces its operating and financial results for twelve months ended on December 31, 2021. The Group also informs that all audit procedures regarding 2021 IFRS consolidated financial statements have been completed. Full version of financial statements with notes is published on www.fesco.ru, section Investor Relations.

On March 30, 2015, FESCO Transportation Group will release trading update for three-month and twelve-month periods ended December 31, 2014. The trading update will include 4Q2014 and FY2014 operational and consolidated financial results.

Far-Eastern Shipping Company plc («Issuer») in order to optimize its debt maturity profile based on results of negotiations with the holders of Rouble bonds series BO-02 («Rouble Bonds») offers to consider the revised preliminary amendments to the terms and conditions of the Rouble Bonds circulation («Amendments to the terms and conditions of the Rouble Bonds circulation»), which were initially disclosed on February 11, 2015.