| Corporate action description |
1. Company announcement
We have been advised of pre-emption rights subscription on the above mentionned security.
Ratio: 1 gdr represents 100 shares
Rights entitlement: 0.0064 new gdrs for each gdr held.
The holders may subscribe for new adss or gdrs only in integral
Multiples of 1 new ads or gdr. All entitlements to subscribe for
New adss and gdrs will be rounded down to the largest integral
Multiple of 1 new ads or gdr
.
This means holders have to instruct with a minimum of 157 in
Order to receive 1 new ads or gdr
.
The deposit amount is computed as follows:
The sum of (i) the usd equivalent of the subscription price
(based on the official exchange rate of the central bank of the
Russian federation as of 15/12/2010) multiplied by 100 and
(ii) 15 percent of that amount to cover possible exchange rate
Fluctuations, currency conversion expense and the fee of the
Relevant depositary for issuance of new adss or gdrs
.
The subscription price for the additional shares was determined
By the company on 8/12/2010 and is equal to rub 1.61 per
Additional share
.
The fee for issuance of new adss or gdrs will be up to usd0.05
Per new ads or gdr
.
New adss and gdrs will be credited to the participants as soon as
Practicable after the additional shares credited to the agent's
Account at its russian custodian
.
If the deposit amount was greater than the cost of the rub
Subscription price (including currency conversion and other
Expenses) plus the relevant depositary's issuance fee, the dr
Rights agent shall refund the excess u.s. dollars to ads holders
For distribution to the holders entitled to them
.
If the deposit amount is not sufficient to purchase the number
Of additional shares sufficient to issue the full number of
New adss and gdrs, the entitlements of all holders will be
Reduced pro-rata to the largest integral number of adss or gdrs
And the number of new adss or gdrs allocated to you will be
Less than the number requested
.
2. Proceeds
The holders will be credited with a temporary code that will funge
Into the new dr isin which is still to be determined
.
The new adss and gdrs will be separate classes of temporary adss
Or gdrs and will not be fungible with previously-issued adss or
Gdrs until the company notifies the depositaries that it has filed
With the ffms a notification concerning the results of the
Issuance of the additional shares or the ffms has registered a
Statutory report on the results of the issuance of the additional
Shares.
3. Oversubscription
There is no oversubscription privilege on this offer
.
4. Restrictions
The information contained is restricted and is not for
Publication or distribution directly or indirectly,
In australia, canada or japan
This offer is for persons who are outside the united kingdom,
(ii) to investmentprofessionals falling within article 19 of the
Financial services and markets act 2000 (financial promotion)
Order 2005, as amended (the -order-) or (iii) other persons to
Whom these materials may otherwise be lawfully communicated,
Falling within article 49(2)(a) to (d) of the order (all such
Persons together being referred to as -relevant persons-). Any
Person who is not a relevant person should not act or rely on
These materials or any of their contents. Any investment or
Investment activity to which these materials relate is available
Only to relevant persons and will be engaged in only with relevant
Persons.
The offer is subject to the disclosure requirements and
Practices applicable in russia, which are different from those
Of the united states. Financial information included herein has
Been prepared inaccordance with accounting principles applicable
In russia, and thus may not be comparable to financial
Information of us companies or companies whose financial
Statements are prepared in accordance with generally accepted
Accounting principles in the united states
.
The pre-emption rights, the rights and the additional shares,
And any rule 144a gdss representing additional shares, have not
Been and will not be registered under the us securities act of
1933, as amended (the -securities act-), or under any securities
Laws of any state or other jurisdiction of the united states
And may not be offered, sold, taken up, exercised, resold,
Renounced, transferred or delivered, directly or indirectly,
In or into the united states except pursuant to an applicable
Exemption from the registration requirements of the securities
Act and in compliance with any applicable securities laws of any
State or other jurisdiction of the united states
.
5. Timetable
1. Record date for distribution: 14/09/2010
2. Ex-date for distribution: to be advised
3. Expiry date: 13/01/2011
4. Payment date: to be advised
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