The placement price for additional shares is set by the decision of FESCO Board of Directors at RUR 13.60 per one common share, which reflects the current market price.

According to the Prospectus, the placement end date is the earlier of the two following dates: the date, on which the last share is placed, or the 10th day as of the placement start date.

The placement procedure includes two stages. At the first stage — 5 working days as of the start date — existing shareholders who subscribed to preemptive rights, are to pay for their newly issued shares. After the payment period is closed, and its results are tabulated, remaining shares are offered for open subscription to all interested investors.

FESCO?s broker for the additional shares placement is MDM-Broker.

Attention to all subscribed shareholders, holding their shares through a depository/custody: please note that in order to ensure seamless transfer procedure of new shares purchased, you need to fully and timely complete all holder identification procedures under applicable depository and/or custody arrangements.

Formal disclosures about the placement are published in Interfax, and are available at FESCO web site (in Russian):

Placement date announcement