Results of the Tender Offer for Rouble Bonds Series BO-02 Buyback

20 April 2015
FESCO hereby announces that holders of rouble bonds series BO-02 delivered notices of their intent to sell, and the Issuer repurchased, 2.992 mln bonds at a fixed price of 80% of their par value, in accordance with the terms and conditions of the public offer. The repurchased bonds make up 60% of the total number of bonds issued.

FESCO paid in full the outstanding interest accrued on all the bonds from the termination date of the previous coupon period to the settlement date under the transaction. The total amount paid by FESCO, including accrued interest, is 2.508 billion roubles.

The bonds were repurchased by the Issuer on April 17, 2015 in accordance with the terms and conditions of the public offer, via the MICEX trading system. Payment was made on the repurchase date by wire transfer in the currency of the Russian Federation.

The repurchased securities will be cancelled ahead of schedule.

The total par value of rouble bonds series BO-02 listed in June 2013 is 5 billion roubles. On March 31, 2015, FESCO announced its intention to exercise a partial repurchase of these bonds. The offer period was opened for 2 days on April 15 and April 16.