5 марта 2010

Корпоративное действие Kazanorgsintez S.A. 9.25000 30/10/11 — new information dated 04/03/10: trustee instruction to unblock

Corporate action number	CA000001555779
Security	KAZANORGSINTEZ S.A. 9.25000 30/10/11
ISIN	XS0271050501
Corporate action description	New information dated 04/03/10: trustee instruction to unblock. The trustee has instructed euroclear bank to unblock all positions instructed for disclosure and due and payable received until 04/03/10. The trustee does not want to close this event, but wishes to facilitate holders wishing to instruct on the upcoming tender and consent event. Holders that do not wish to participate in any other corporate action, can at any time re-instruct for disclosure or due and payable and block their position in such process. Information source: trustee, The Bank of New York Mellon, Global Corporate Trust, London. Event of default: the trustee has been notified that an event of default has occurred and is continuing under clause 15.3 ( cross default) of the loan agreement due to the failure of the borrower to make a payment of principal in respect of its indebtedness exceeding USD20,000,000 on the date on which the payment was due and payable. Right to accelerate: pursuant to condition 12 of the terms and conditions of the notes, the trustee shall, if it has been requested in writing by the holders of at least one- quarter in principal amount of the outstanding notes or has been directed by an extraordinary resolution, and, in either case, subject to it being secured and / or indemnified to its satisfaction declare, or require the lender to declare all amounts payable under the loan agreement by the borrower to be due and payable. No further action by trustee: the trustee reserves all rights to take whatever remedial actions it deems necessary at any time during an event of default, and failure to take immediate action does not constitute a waiver of the trustee’s rights. Please refer to the online documentation for further details. This corporate action notification does not constitute an offer to sell or the solicitation of an offer to buy any securities by anyone in any jurisdiction. It is not, and should not be construed or treated as, investment or financial advice. in providing this information, euroclear bank is not acting as agent of the issuer. By sending an instruction, you confirm to euroclear bank that you (and any beneficial owner(s) for whom you act) comply with the terms and conditions of the offer. Blocking of securities Upon receipt of your instruction (whichever the type), your holding will be blocked. On the expiry date, the default action, if any, will also be applied on the securities holding for which a no action instruction has been sent. By default Euroclear Bank will take no action.
Instruction deadline	Two working days before	12 March 2010 16.00 CET
Additional documentation	no
For additional information please contact your account manager
Information provided by Euroclear Bank S.A./N.V.