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13 / 03 / 07

Additional shares placement

FESCO Plc. successfully floats its additional shares and files placement report to the Securities Market Regulator

On March 12, 2007 FESCO has filed official placement report to the FSFR (Russian Securities Commission) with regard to its 25% additional share issue. All 410,898,000 new common shares, offered to existing shareholders and other investors at RUR 13.6 per share, were subscribed. The company was able to raise the total of over US$ 213 millions.

Issue proceeds will be used to complete the acquisition of the remaining 50% stake in «Transgarant» and container terminal assets under NCC deal.

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109028, Russia, Moscow, Serebryanicheskaya emb., 29, Tel.: +7 (495) 926-80-00, e-mail: fesco@fesco.com Vladivostok branch: 690091, Russia, Vladivostok, Aleutskaya str., 15, Tel.: +7 (423) 252-10-10, e-mail: fesco@fesco.ru
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