Корпоративное действие E.M.I.S. FINANCE B. TBF 28/05/10 — exchange offer

We have been advised by euroclear on below

Event details

Amendment of information dated 05/04/12: minimum exercise changed

The minimum denomination in order to instruct has been amended
From usd 100,000 to usd 112,000
Integral multiples of usd1,000 in excess thereof remain unchanged

Original information

Information source : agent, the bank of new york mellon, london

Purpose of the offer

Cabiar enterprises limited, the offeror, invites holders of
Usd100,000,000 loan participation notes due may 2010 issued by
E.m.i.s. Finance b.v., to exchange their old notes for the cash
Consideration and rub 14,500,000,000 loan participation notes due
2019 issued by emerging markets structured products b.v . Issued
For the sole purpose of financing a loan to stroika finance
Limited (the ’new borrower’), on the terms and subject to the
Conditions contained in the exchange offer memorandum

Exchange ratio

The noteholders who submitted their old notes for exchange will
Receive, on the offer settlement date, for each usd1,000 nominal
Amount of an old note
(i) rub37,663.17 nominal amount of a new note and
(ii) rub342.39 payment as cash consideration

If the principal amount of the new notes deliverable to a
Noteholder who validly submits old notes pursuant to the exchange
Offer would not be an
Integral multiple of an authorised denomination of such new
Notes, then such noteholder will receive such principal amount of
New notes as is calculated pursuant to the exchange ratio,
Rounded up to the nearest rub1,000

Accrued and unpaid interest

Not applicable

Minimum exercise

Instruction for the deadline: you may submit the outstanding old
Notes for exchange only in minimum denominations of usd100 ,000
And integral multiples of usd1,000 in excess thereof

Refer to the offer documentation for details on the calculation
Method and the required minimum receivable amount of new
Securities

If not a multiple of an authorised denomination of such new
Notes, then such noteholder will receive the whole number of new
Notes rounded up to the nearest rur 1000.

Minimum aggregate offer acceptance amount

Not applicable

Maximum aggregate offer acceptance amount

The issuer is offering to exchange any and all of its outstanding
Securities. You can instruct on either part or all of your total
Position.
Of your total position

Proration

Not applicable

Cash fractions

Not applicable

Poolfactor

Not applicable

Details of the new securities

Isin code: xs0756990429
Name: emerging markets structures products
Maturity date: 25/06/2019
Interest rate: 7.1pct

Market timetable

Market expiry date: 23/04/12
Market withdrawal date: 23/04/12
Acceptance date: 04/05/12
Expected settlement date: 11/05/12

Meeting

At the same time as the exchange offer, the issuer is asking for
Your consent to the proposed amendments.

If you instruct for the exchange offer, you are automatically
Deemed to have voted in favour of the extraordinary resolutions

If you wish to attend the meeting in order to vote on the
Extraordinary resolution, but not to exchange your securities,
Refer to event number 6883544

Withdrawal rights

Instructions for the exchange offer may be withdrawn until 23/ 04/12 at 17:00 cet

Conditions

Notwithstanding any other provision of the exchange offer, the
Settlement of the exchange offer is conditional, among other
Things, on adoption of the extraordinary resolution and on the
Absence of legal actions or proceedings concerning the legality ,
Timing or restrictions applicable to the consummation of the
Exchange offer.

Refer to the exchange offer documentation for the conditions of
This exchange offer.

Restrictions

Certain restrictions apply at beneficial owner and participant
Level for the following countries :

United states, united kingdom, republic of italy, belgium,
France, russian federation, the netherlands, canada, japan and
Australia

Further restrictions may apply. Refer to the exchange offer
Documentation for the restrictions of this exchange offer

Exchange agent

The bank of new york mellon
+44 (0) 20 7964 4958
Debtrestructuring(at)bnymellon.com

Disclosure

Disclosure of the identity at participant level is required

By sending instructions, you authorise euroclear bank to disclose
The following information: name, account number and instructed
Holding

Disclosure of the identity at beneficial owner level is required.

For euclid users: in :72 :: please mention the beneficial owner
And instruction contact details in the following format:

’bo: name, contact name, phone number, address, email address’
’inx contact details: contact name, phone number’

For more details please visit www.euroclear.com