(DTCH) О предстоящем корпоративном действии "Предложение выкупа с определением цены методом Голландского аукциона" - Облигации внешнего облигационного займа (доллары США) (облигация MK-0-CM-126/XS0089375249)

Обновление от 14.09.2017:

Euroclear Bank S.A/N.V подтвердил проведение данного корпоративного действия.

Текст сообщения от Euroclear Bank S.A/N.V:
NO LEGAL DOCUMENTATION TO BE COMPLETED
MODIFIED DUTCH AUCTION + DISCLOSURE
--------------- EVENT DETAILS -------------------
INFORMATION SOURCE:
INFORMATION AGENT:
LUCID ISSUER SERVICES LIMITED
TANKERTON WORKS
12 ARGYLE WALK
LONDONWC1H 8HA
UNITED KINGDOM
TELEPHONE: +44 207 704 0880
ATTENTION: DAVID SHILSON / ALEXANDER YANGAEV
EMAIL: RUSSIA(AT)LUCID-IS.COM
.
GENERAL INFORMATION
.--------------------
THE PURPOSE OF THE OFFERS IS FOR THE OFFEROR TO ACQUIRE THE BONDS
AND EXCHANGE SUCH BONDS FOR NEW BONDS
PURSUANT TO AN INTERMEDIATED EXCHANGE BEING CONDUCTED BY THE
MINISTRY OF FINANCE ACTING ON BEHALF OF THE
RUSSIAN FEDERATION. THE PURPOSE OF THE INTERMEDIATED EXCHANGE IS
TO ENABLE THE MINISTRY OF FINANCE, ACTING ON BEHALF OF THE
RUSSIAN FEDERATION, TO REDUCE THE AMOUNT OF PAYMENTS UNDER
EXTERNAL STATE BONDED DEBT IN 2017 AND PLANNING PERIOD OF 2018
AND 2019. THE NEW BONDS SO ACQUIRED BY THE OFFEROR WILL BE SOLD
TO INVESTORS PURSUANT TO A SEPARATE EXERCISE
.
THE OFFERS WILL ALSO PROVIDE AN OPPORTUNITY TO BONDHOLDERS TO
GAIN LIQUIDITY WITH RESPECT TO THEIR BONDS THAT MIGHT NOT
OTHERWISE BE AVAILABLE TO SUCH BONDHOLDERS.
.
THE OFFEROR HAS ENTERED INTO AN AGREEMENT WITH THE MINISTRY OF
FINANCE UNDER WHICH IT WILL PROCURE THE
PURCHASE OF CERTAIN OF THE BONDS FOR THE PURPOSE OF THEIR
EXCHANGE FOR NEW BONDS. ALL SUCH PURCHASED
BONDS THAT ARE EXCHANGED WILL BE CANCELLED.
.
1. TENDER AND CONSENT: NOT APPLICABLE
.
2. CONDITIONS AND RESTRICTIONS: CERTAIN RESTRICTIONS APPLY FOR
THE FOLLOWING COUNTRIES: UNITED KINGDOM, FRANCE, BELGIUM, ITALY,
LUXEMBOURG, SWITZERLAND
.
THESE RESTRICTIONS APPLY TO BENEFICIAL OWNERS
.
THE OFFER IS SUBJECT TO, AMONG OTHER THINGS, THE NEW ISSUANCE
CONDITION
.
REFER TO THE OFFER DOCUMENTATION FOR THE COMPLETE CONDITIONS AND
RESTRICTIONS OF THIS OFFER.
.
TIMETABLE
.----------
. ANNOUNCEMENT OF PURCHASE PRICE, ACCEPTANCE AND RESULTS: ON OR
ABOUT 20/09/2017
.
ENTITLEMENT
.------------
1. PURCHASE PRICE: THE PURCHASE PRICE IS BASED ON A BIDDING
PROCESS (A 'MODIFIED DUTCH AUCTION'). TO INSTRUCT FOR THE
COMPETITIVE OFFER, YOU NEED TO INCLUDE A BID PRICE IN YOUR
INSTRUCTION, NO HIGHER THAN THE MAXIMUM PURCHASE PRICE
. MAXIMUM PRICE: USD 1,078 PER USD 1,000
.
THE BID PRICE NEEDS TO BE IN INCREMENTS OF USD 1
A BID PRICE THAT IS NOT IN ACCORDANCE WITH THE SET INCREMENT WILL
BE ROUNDED UP TO THE NEAREST INCREMENT WITHIN THE BID RANGE.
.
NOTE THAT FOR THE COMPETITIVE OPTION THE HIGHEST PRICE POSSIBLE
IN THUS USD 1,078
.
NO BID PRICE IS NEEDED WHEN YOU INSTRUCT FOR THE NON- COMPETITIVE
OFFER.
.
2. ACCRUED AND UNPAID INTEREST: ACCRUED AND UNPAID INTEREST WILL
BE PAID UP TO, BUT NOT INCLUDING, THE SETTLEMENT DATE
.
3. MINIMUM AGGREGATE ACCEPTANCE AMOUNT: THE OFFER IS NOT
CONDITIONAL ON A MINIMUM AGGREGATE AMOUNT OF SECURITIES BEING
TENDERED
.
4. TENDER CAP: MAXIMUM CONSIDERATION AMOUNT
.
THE OFFEROR INTENDS TO PURCHASE AN AGGREGATE PRINCIPAL AMOUNT OF
BONDS SUCH THAT THE TOTAL AMOUNT PAYABLE BY THE OFFEROR IN
RESPECT OF THE PRINCIPAL AMOUNT OF AND ACCRUED INTEREST ON THE
BONDS IS NO GREATER THAN THE MAXIMUM CONSIDERATION AMOUNT
.
THE -MAXIMUM CONSIDERATION AMOUNT- IS EQUAL TO THE GROSS PROCEEDS
(INCLUDING ACCRUED INTEREST) THAT WOULD BE RECEIVED FROM THE SALE
BY THE OFFEROR OF UP TO USD 4,000,000,000 AGGREGATE PRINCIPAL
AMOUNT OF NEW BONDS
.
THE OFFEROR EXPECTS TO OFFER NEW BONDS FOR SALE FOLLOWING THE
EXPIRATION DEADLINE IN AN AMOUNT SUFFICIENT TO FUND THE PAYMENT
OF THE AGGREGATE PURCHASE PRICE IN THE OFFERS
.

5. PRORATION:
THE OFFEROR (AFTER CONSULTATION WITH THE MINISTRY OF FINANCE)
WILL DETERMINE THE ALLOCATION OF PURCHASES OF PRINCIPAL AMOUNTS
BETWEEN THE BONDS OF EACH ISSUE IN ITS SOLE DISCRETION AND
RESERVES THE RIGHT TO ACCEPT FOR PURCHASE SIGNIFICANTLY MORE OR
LESS (OR NONE) OF THE BONDS OF ANY ISSUE
.
IN RESPECT OF BONDS OF ANY ISSUE, ONCE THE OFFEROR HAS DETERMINED
THE PURCHASE PRICE AND THE ISSUE
ACCEPTANCE AMOUNT FOR THE BONDS OF THAT ISSUE, THE OFFEROR WILL
ACCEPT TENDER INSTRUCTIONS IN THE FOLLOWING ORDER:
. ALL VALIDLY SUBMITTED NON-COMPETITIVE OFFERS IN RESPECT OF THAT
ISSUE WILL BE ACCEPTED FIRST,
SUBJECT TO POSSIBLE PRO-RATION IN THE EVENT THAT SUCH TENDER
INSTRUCTIONS HAVE BEEN SUBMITTED WITH
RESPECT TO A GREATER PRINCIPAL AMOUNT THAN THE APPLICABLE ISSUE
ACCEPTANCE AMOUNT,
. ALL VALIDLY SUBMITTED COMPETITIVE OFFERS THAT SPECIFY OFFER
PRICES LOWER THAN THE RELEVANT PURCHASE
PRICE WILL BE ACCEPTED SECOND, AND
. ALL VALIDLY SUBMITTED COMPETITIVE OFFERS THAT SPECIFY OFFER
PRICES EQUAL TO THE RELEVANT PURCHASE
PRICE WILL BE ACCEPTED THIRD, SUBJECT TO POSSIBLE PRO-RATION IN
THE EVENT THAT SUCH COMPETITIVE OFFERS,
WHEN AGGREGATED WITH ALL TENDER INSTRUCTIONS REFERRED TO ABOVE
AND ACCEPTED FOR PURCHASE, RESULTS IN A
PRINCIPAL AMOUNT WHICH IS GREATER THAN THE APPLICABLE ISSUE
ACCEPTANCE AMOUNT.
.
SUCH PRO RATA ALLOCATIONS WILL BE CALCULATED BY MULTIPLYING THE
AGGREGATE PRINCIPAL AMOUNT OF THE BONDS OF
THE RELEVANT ISSUE REPRESENTED BY EACH TENDER INSTRUCTION SUBJECT
TO PRO-RATION BY A FACTOR EQUAL TO
(I) THE RELEVANT ISSUE ACCEPTANCE AMOUNT LESS THE AGGREGATE
PRINCIPAL AMOUNT OF BONDS OF
THE RELEVANT ISSUE ACCEPTED FOR PURCHASE NOT SUBJECT TO
PRO-RATION, DIVIDED BY
(II) THE AGGREGATE PRINCIPAL AMOUNT OF THE BONDS VALIDLY TENDERED
IN THE RELEVANT OFFER THAT ARE SUBJECT TO PRO-RATION.
.
EACH TENDER OF 2018 BONDS THAT IS PRO-RATED WILL BE ROUNDED DOWN
TO THE NEAREST U.S.USD 1,000
.
IN THE EVENT OF ANY SUCH PRORATION, THE OFFEROR WILL ONLY ACCEPT
TENDERS OF BONDS SUBJECT TO PRO-RATION TO THE EXTENT SUCH
PRO-RATION WILL NOT RESULT IN THE RELEVANT BONDHOLDER
TRANSFERRING BONDS TO THE OFFEROR IN AN AGGREGATE PRINCIPAL
AMOUNT OF LESS THAN THE RELEVANT MINIMUM DENOMINATION
.
BONDS OFFERED FOR PURCHASE AT AN OFFER PRICE HIGHER THAN THE
PURCHASE PRICE OF THE RELEVANT ISSUE OF BONDS,
WILL NOT BE ACCEPTED PURSUANT TO THE OFFERS.
.
6. POOLFACTOR: NOT APPLICABLE
.
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 TO EUROCLEAR BANK, YOU CONFIRM THAT YOU
(AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) COMPLY WITH THE
TERMS AND CONDITIONS OF THE CORPORATE EVENT AND COMPLY WITH
APPLICABLE LOCAL LAWS OR REQUIREMENTS, INCLUDING BUT NOT LIMITED
TO HOLDING AND TRANSFER RESTRICTIONS.
IF HOLDING AND TRANSFER RESTRICTIONS WOULD PROHIBIT YOU (AND ANY
BENEFICIAL OWNER(S) FOR WHOM YOU ACT) TO HOLD THE PROCEEDS OF A
CORPORATE EVENT IN YOUR ACCOUNT IN EUROCLEAR BANK, YOU (AND ANY
BENEFICIAL OWNER(S) FOR WHOM YOU ACT) MUST ENSURE TO SEND AN
INSTRUCTION TO ALLOW THE TRANSFER OF THESE PROCEEDS TO AN ACCOUNT
OUTSIDE THE EUROCLEAR SYSTEM.
.
--------------- ACTION TO BE TAKEN -------------------
TO INSTRUCT, YOU NEED TO:
. SEND A SEPARATE INSTRUCTION PER BENEFICIAL OWNER (BO)
. SPECIFY A BID PRICE (FOR THE COMPETITIVE OFFER)
.
COMPETITIVE BIDS: YOU NEED TO SUBMIT A BID PRICE AMOUNT IN
'NARRATIVE TO EUROCLEAR BANK' (EASYWAY), IN FIELD 72 (EUCLID) OR
IN FIELD 90B:OFFR (SWIFT MT565).
.
NON-COMPETITIVE BIDS: YOU DO NOT NEED TO SUBMIT A BID PRICE
.
BY SENDING INSTRUCTIONS, YOU AUTHORISE US TO DISCLOSE YOUR NAMES,
ACCOUNT NUMBERS AND HOLDINGS.
.
BENEFICIAL OWNERSHIP:
.---------------------
THE OFFERING DOCUMENTATION EXPLICITLY STATES THAT YOU HAVE TO
SEND A SEPARATE INSTRUCTION PER BO
.
YOU ARE SOLELY RESPONSIBLE TO DETERMINE WHETHER TO SEND A
SEPARATE INSTRUCTION PER BO OR NOT. WE CANNOT PROVIDE ANY
GUIDANCE ON THIS REQUIREMENT. WE WILL FORWARD BUT NOT VALIDATE
ANY INSTRUCTION RECEIVED REGARDLESS IF YOU INSTRUCTED AT
BENEFICIAL OWNER OR NOT.
.
ELECTRONIC INSTRUCTIONS:
.-------------------------
A. TO INSTRUCT FOR THE COMPETITIVE OFFER, USE CAON 001 AND INPUT
A BID PRICE AMOUNT IN FIELD 90B::OFFR (E.G. USD 1077)
.
B. TO INSTRUCT FOR THE NON-COMPETITIVE OFFER, USE CAON: 002
.
ALWAYS MENTION IN FIELD: - 70E:INST: YOUR CONTACT NAME AND
TELEPHONE NUMBER
.
PAPER FORM:
.------------
NO LEGAL DOCUMENTATION TO BE COMPLETED
.
DOCUMENTATION
.--------------
DUE TO RESTRICTION THE TENDER OFFER MEMORANDUM IS AVAILABLE ONLY
FROM AGENT'S WEBSITE: HTTPS://PORTAL.LUCID-IS.COM
.
PROCESSING SCHEDULE:
.---------------------
ONCE THE AGENT HAS ANNOUNCED THE RANGE OF ACCEPTED INSTRUCTIONS,
WE WILL CANCEL ALL INSTRUCTIONS THAT WERE NOT ACCEPTED AND
UNBLOCK THE POSITIONS.
.
REVOCABILITY:
.--------------
INSTRUCTIONS ARE IRREVOCABLE EXCEPT IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE OFFER DOCUMENTATION
.
PLEASE NOTE THE FREE TEXT LIMITATION OF 10 X 35 CHARACTERS IN
FIELD 72 (EUCLID) AND FIELD 90B:OFFR (IF AMOUNT) (SWIFT MT565).
.
WE WILL FORWARD BUT NOT VALIDATE ANY OF THE INFORMATION IN THESE
FIELDS.

Конец обновления.

Небанковская кредитная организация акционерное общество “Национальный расчетный депозитарий” (далее - НКО АО НРД) сообщает Вам, что в адрес НКО АО НРД поступила информация от вышестоящего депозитария о корпоративном действии «Предложение выкупа с определением цены методом Голландского аукциона».

Обращаем внимание, что Euroclear Bank S.A./N.V пока не подтвердил проведение данного корпоративного действия.

Обращаем ваше внимание, что возможно установление пропорций в предложении. Существуют ограничения на участие в корпоративном действии для следующих стран. Детальное описание условий корпоративного действия и его ограничений изложено в документации к корпоративному действию.

Порядок проведения корпоративного действия в НКО АО НРД:

В соответствии с п. 3.26.3 Порядка взаимодействия НКО АО НРД и депонентов при реализации Условий осуществления депозитарной деятельности Небанковской кредитной организацией акционерным обществом «Национальный расчетный депозитарий» и условиями проведения корпоративного действия, депоненты НКО АО НРД, изъявившие желание участвовать в корпоративном действии, либо депоненты НКО АО НРД, выполняющие указания владельцев ценных бумаг на участие в корпоративном действии должны подать в НКО АО НРД в электронном виде в соответствии с Правилами ЭДО НРД инструкцию по форме CA331 (код операции – 68/CAIN) на участие в корпоративном действии.

В соответствии с условиями участия в корпоративном действии, после приема НРД инструкции на участие в корпоративном, ценные бумаги на которые подана инструкция, будут заблокированы на разделе “Блокировано для корпоративных действий “ – 83000000000000000 счета депо, по которому подана инструкция. Заблокированные ценные бумаги останутся заблокированными до исполнения корпоративного действия и списания ценных бумаг, или подтверждения факта разблокировки вышестоящим депозитарием.

Инструкция должна быть заполнена в соответствии с указаниями, содержащимися в уведомлении о корпоративном действии Депозитария.

Инструкция Депонента должна содержать уникальный в рамках корпоративного действия номер.

Депонент должен указать шестизначный номер корпоративного действия, присвоенный НКО АО НРД.

Инструкция должна содержать номер счета депо и код раздела или дополнительный идентификатор раздела, на котором учитываются ценные бумаги, участвующие в корпоративном действии.

Депонент должен указать выбранный из перечисленных в уведомлении о корпоративном действии вариант корпоративного действия.

Обращаем Ваше внимание, что инструкции необходимо подавать отдельно для каждого владельца ценных бумаг.

Для неконкурентной заявки (002 вариант корпоративного действия) цену выкупа указывать не нужно.


Особенности заполнения инструкции на участие в корпоративном действии при выборе варианта корпоративного действия 001 («Конкурентная заявка»):

--- WEB-кабинет ---

A. Предлагаемую цену выкупа в долларах США необходимо указать в блоке «Цена» – тип цены «Цена, полученная в расчете на продукт» - вид цены «Цена, выраженная как сумма»;


B. Для всех вариантов корпоративного действия в блоке «Контактная информация» необходимо указать данные контактного лица, с которым НКО АО НРД может связаться в случае возникновения вопросов по данной инструкции. Указанная в данном блоке информация не передаётся в вышестоящий депозитарий.

--- SWIFT MT 565 ---

A. Предлагаемую цену выкупа в долларах США необходимо указать в поле 90B:OFFR;

B. Для всех вариантов корпоративного действия в поле 70E:PACO необходимо указать данные контактного лица, с которым НКО АО НРД может связаться в случае возникновения вопросов по данной инструкции. Указанная в данном поле информация не передаётся в вышестоящий депозитарий.


--- ISO 20022 (ПО «ЛУЧ» (автоимпорт /автоэкспорт)) ---

A. A. Предлагаемую цену выкупа в долларах США необходимо указать в блоках:
<CorporateActionInstruction/Document/CorpActnInstr/CorpActnInstr/PricDtls/GncCshPricRcvdPerPdct/AmtPric/AmtPricTp>
И
<CorporateActionInstruction/Document/CorpActnInstr/CorpActnInstr/PricDtls/GncCshPricRcvdPerPdct/AmtPric/PricVal>

B. Для всех вариантов корпоративного действия в блоке <CorporateActionInstruction/Document/CorpActnInstr/AddtlInf/PtyCtctNrrtv> необходимо указать данные контактного лица, с которым НКО АО НРД может связаться в случае возникновения вопросов по данной инструкции. Указанная в данном блоке информация не передаётся в вышестоящий депозитарий.

Депонент, направляя инструкцию на участие в корпоративном действии, в том числе при выполнении указаний своих клиентов, подтверждает, что ознакомлен с существующими ограничениями на участие в корпоративном действии, располагая достаточной информацией для принятия решения по данному корпоративному действию, и принимает на себя риски, которые могут возникнуть в связи с ограничениями, действующими в Иностранных депозитариях, а также гарантирует возмещение убытков Депозитария, которые могут возникнуть в результате участия Депонента и/или клиентов Депонента в корпоративном действии.

Депонент, направляя инструкцию на участие в корпоративном действии, подтверждает, что владелец ценных бумаг соответствует всем требованиям, определенным условиями проведения корпоративного действия, а также требованиям применимого права, и не подпадает под ограничения, указанные в документах, определяющих условия и порядок проведения корпоративного действия.

Направляя инструкцию и/или документы для участия в корпоративном действии, Депонент подтверждает достоверность передаваемой информации и наличие полномочий на передачу такой информации от владельца ценных бумаг. Депонент несет ответственность за достоверность и полноту информации, содержащейся в предоставляемой Депонентом инструкции и/или документах, и их соответствие требованиям направленного Депоненту уведомления о корпоративном действии.

Обращаем Ваше внимание, что информация в инструкции предоставляется на английском языке. Инструкции, содержащие информацию на русском языке или признак транслитерации (одиночный символ «`» апостроф), при направлении в вышестоящий депозитарий будут транслитерированы в соответствии с правилами, используемыми НРД (https://www.nsd.ru/ru/documents/workflow/). НРД не несет ответственность за принятие/непринятие вышестоящим депозитарием/эмитентом/агентом эмитента инструкций, содержащих транслитерированную информацию, а также за использование такой информации при осуществлении эмитентом и его агентами корпоративного действия.

Информация в инструкции, указанная в текстовых полях в свободном формате, транслируется в вышестоящий депозитарий и не валидируется в НРД. Депонент несет ответственность за достоверность и полноту предоставляемой информации.

Данное сообщение о корпоративном действии не является предложением о продаже или рекомендацией по покупке каких-либо ценных бумаг. Данное сообщение не должно рассматриваться как инвестиционная или финансовая рекомендация. Вышестоящие депозитарии и НКО АО НРД не выступают агентами эмитента при предоставлении данной информации.

Данное сообщение не является официальным и полным описанием условий и особенностей предложения на выкуп ценных бумаг. Для получения официальной и полной информации по данному корпоративному действию необходимо обратиться к официальным документам и получить консультации у независимых юридических и налоговых советников, которые необходимы владельцу ценных бумаг для принятия решения об участии в данном корпоративном действии.

Инструкции на участие в корпоративном действии являются безотзывными.

Материалы к корпоративному действию доступны только на сайте Агента: https://portal.lucid-is.com


Дополнительную информацию НКО АО НРД будет доводить до Вашего сведения по мере ее поступления.

Текст сообщения от Clearstream Banking S.A.:

++ ADDITIONAL INFORMATION ++EVENT:
MODIFIED DUTCH AUCTION
.
POSSIBLE PRORATION: YES
INSTRUCTIONS PER BO: YES
BO DISCLOSURE REQUIRED: NO
PAPERWORK: NO
INSTRUCTION WITHDRAWAL: NO
.
1.HOW TO INSTRUCT
-------------------------------------------------------
STEP 1: ELECTRONIC INSTRUCTION:
++WARNING: UNDER NO CIRCUMSTANCES
WILL CLEARSTREAM ACCEPT BULK
INSTRUCTIONS WITH B.O. BREAKDOWN
MENTIONED IN THE NARRATIVES OR
PROVIDED BY EMAILS. CLEARSTREAM
WILL ONLY ACCEPT ONE INSTRUCTION
PER B.O. AND PER OFFER PURCHASE
PRICE ++
.
-------------------------------------------------------
PLEASE SEND A SWIFT OR CREATION
ONLINE MESSAGE PER BENEFICIAL OWNER
TO PARTICIPATE IN THE OFFER. YOUR
INSTRUCTION MUST INCLUDE YOUR
ACCOUNT NUMBER, ISIN CODE, FULL
CONTACT DETAILS AND AMOUNT TO BE
TENDERED (PLEASE REFER TO THE
ELIGIBLE BALANCE ON YOUR ACCOUNT).
.
HOLDERS SUBMITTING INSTRUCTIONS
-------------------------------------------------------
COMPLY WITH THE TERMS AND
CONDITIONS OF THE TOM.
.
COMPETITIVE TENDER INSTRUCTION
A TENDER INSTRUCTION WHICH
SPECIFIES A PURCHASE PRICE NO
HIGHER THAN THE RELEVANT MAXIMUM
PURCHASE PRICE IN ACCORDANCE WITH
THE MODIFIED DUTCH AUCTION
PROCEDURE
-------------------------------------------------------
.
NON-COMPETITIVE TENDER INSTRUCTION
A TENDER INSTRUCTION WHICH
SPECIFIES THE AGGREGATE PRINCIPAL
AMOUNT OF 2018 BONDS OR 2030 BONDS
(AS APPLICABLE)TENDERED PURSUANT TO
SUCH TENDER INSTRUCTION, BUT WHICH
DOES NOT SPECIFY A PURCHASE PRICE
FOR SUCH 2018 BONDS OR 2030
BONDS
-------------------------------------------------------
.
NOTE:
BY SUBMITTING YOUR INSTRUCTION
THROUGH CLEARSTREAM YOU HAVE
IRREVOCABLY AND AUTOMATICALLY
ACCEPTED:
(I) THE BLOCKING OF YOUR TENDERED
NOTES,
(II) THE DISCLOSURE OF YOUR ACCOUNT
DETAILS (NOT YOUR UNDERLYING
-------------------------------------------------------
HOLDER) AND,
(III) TO BE BOUND TO THE TERMS AND
CONDITIONS OF THE TOM.
.
2. PROCEEDS
UNDER THE MODIFIED DUTCH AUCTION
PROCEDURE, THE OFFEROR WILL
DETERMINE, IN ITS SOLE DISCRETION,
FOLLOWING EXPIRATION OF THE OFFER:
IN THE CASE OF THE 2018 BONDS (A)
-------------------------------------------------------
THE 2018 BONDS ACCEPTANCE AMOUNT
AND (B) THE 2018 BONDS PURCHASE
PRICE (EXPRESSED AS THE AMOUNT
PAYABLE FOR EACH USD 1,000 IN
PRINCIPAL AMOUNT OF 2018 BONDS
EQUAL TO, OR IN AN INCREMENT OF USD
1.00 PER USD 1,000 IN PRINCIPAL
AMOUNT OF 2018 BONDS ABOVE, BUT NO
HIGHER THAN THE RELEVANT MAXIMUM
PURCHASE PRICE)
-------------------------------------------------------
.
THE PURCHASE PRICE FOR EACH ISSUE
OF BONDS WILL REPRESENT THE LOWEST
PRICE THAT WILL ENABLE THE OFFEROR
TO PURCHASE AN AGGREGATE PRINCIPAL
AMOUNT OF 2018 BONDS OR 2030 BONDS,
AS THE CASE MAY BE, WHICH EQUALS
THE RELEVANT ISSUE ACCEPTANCE
AMOUNT AND SHALL BE NO HIGHER THAN
THE RELEVANT MAXIMUM PURCHASE
-------------------------------------------------------
PRICE. NO BONDS TENDERED ABOVE THE
RELEVANT MAXIMUM PURCHASE PRICE
WILL BE ACCEPTED FOR PURCHASE.
PURSUANT TO THE MINISTRY OF FINANCE
AUTHORISATIONS, THE PURCHASE PRICE
ALSO MAY NOT EXCEED THE MARKET
PRICE OF THE RELEVANT BONDS
DETERMINED IN ACCORDANCE WITH
CLAUSE 4 OF ARTICLE 212 OR
PARAGRAPH 5 OF CLAUSE 16 OF ARTICLE
-------------------------------------------------------
280 OF THE RUSSIAN TAX CODE ON THE
BASIS OF BLOOMBERG DATA AT THE
CLOSING OF TRADING ON TRADING
PLATFORMS (STOCK EXCHANGES) FOR THE
DATE PRECEDING THE DATE OF
ANNOUNCEMENT OF THE PURCHASE PRICE.
THE PURCHASE PRICE IN RESPECT OF
BONDS OF EACH ISSUE WILL APPLY TO
ALL BONDS OF SUCH ISSUE ACCEPTED
FOR PURCHASE.
-------------------------------------------------------
.
MAXIMUM CONSIDERATION AMOUNT AND
ISSUE ACCEPTANCE AMOUNT
THE OFFEROR INTENDS TO PURCHASE AN
AGGREGATE PRINCIPAL AMOUNT OF BONDS
SUCH THAT THE TOTAL AMOUNT PAYABLE
BY THE OFFEROR IN RESPECT OF THE
PRINCIPAL AMOUNT OF AND ACCRUED
INTEREST ON THE BONDS IS NO GREATER
THAN THE MAXIMUM CONSIDERATION
-------------------------------------------------------
AMOUNT, SUBJECT TO THE RIGHT OF THE
OFFEROR (AFTER CONSULTATION WITH
THE MINISTRY OF
FINANCE) TO ACCEPT OR REJECT OFFERS
TO SELL IN ITS SOLE AND ABSOLUTE
DISCRETION. THE OFFEROR (AFTER
CONSULTATION WITH THE MINISTRY OF
FINANCE) WILL DETERMINE THE 2018
BONDS ACCEPTANCE AMOUNT OR THE 2030
BONDS ACCEPTANCE AMOUNT IN ITS SOLE
-------------------------------------------------------
AND ABSOLUTE DISCRETION AND
RESERVES THE RIGHT TO ACCEPT FOR
PURCHASE SIGNIFICANTLY LESS (OR
NONE) OF THE BONDS OF ANY ISSUE AS
COMPARED TO THE OTHER ISSUE. THE
OFFEROR (AFTER
CONSULTATION WITH THE MINISTRY OF
FINANCE) RESERVES THE RIGHT, IN ITS
SOLE AND ABSOLUTE DISCRETION, TO
PURCHASE LESS THAN THE MAXIMUM

-------------------------------------------------------
CONSIDERATION AMOUNT, SUBJECT TO
APPLICABLE LAW.
.
TENDER INSTRUCTIONS MAY BE
SUBMITTED IN THE FORM OF EITHER A
COMPETITIVE OFFER OR A
NON-COMPETITIVE
OFFER.
.
COMPETITIVE OFFERS
-------------------------------------------------------
IN RESPECT OF ANY ISSUE,
BONDHOLDERS MAY SUBMIT ONE OR MORE
COMPETITIVE OFFERS IN RESPECT OF
THE BONDS PRIOR TO THE EXPIRATION
DEADLINE, PROVIDED THAT THE
AGGREGATE PRINCIPAL AMOUNT OF THE
BONDS OF THE RELEVANT ISSUE THAT
ARE THE SUBJECT OF THESE
COMPETITIVE OFFERS DOES NOT EXCEED
THE AGGREGATE PRINCIPAL AMOUNT OF
-------------------------------------------------------
BONDS OF THE RELEVANT ISSUE THAT
EACH SUCH BONDHOLDER HOLDS.
COMPETITIVE OFFERS IN RELATION TO
2018 BONDS MUST SPECIFY:
.
.-A PURCHASE PRICE, IN INCREMENTS
OF USD 1.00 PER USD 1,000 IN
PRINCIPAL AMOUNT OF 2018 BONDS (BUT
NO HIGHER THAN THE RELEVANT MAXIMUM
PURCHASE PRICE), THAT SUCH HOLDER
-------------------------------------------------------
WOULD BE WILLING TO ACCEPT AS THE
PURCHASE PRICE IN RESPECT OF 2018
BONDS THAT ARE THE SUBJECT OF THE
PARTICULAR TENDER INSTRUCTION (THE
2018 OFFER PRICE) AND
.-THE PRINCIPAL AMOUNT OF 2018
BONDS, IN INCREMENTS OF USD 1,000
THAT THE RELEVANT BONDHOLDER IS
TENDERING AT THAT 2018 OFFER PRICE.
.
-------------------------------------------------------
IF A COMPETITIVE OFFER IN RESPECT
OF 2018 BONDS SPECIFIES A PURCHASE
PRICE THAT IS NOT IN WHOLE
INCREMENTS OF USD 1.00 PER USD
1,000 IN PRINCIPAL AMOUNT OF 2018
BONDS, SUCH PURCHASE PRICE WILL BE
ROUNDED UP TO THE NEAREST INCREMENT
OF USD 1.00 PER USD 1,000 IN
PRINCIPAL AMOUNT OF BONDS.
.
-------------------------------------------------------
IF THE OFFEROR ACCEPTS A
COMPETITIVE OFFER (OR COMPETITIVE
OFFERS) THE RELEVANT BONDHOLDER
WILL RECEIVE THE PURCHASE PRICE FOR
THE BONDS OF THE RELEVANT ISSUE. IN
RESPECT OF THE BONDS OF EACH ISSUE
FOR WHICH THE OFFEROR ACCEPTS A
COMPETITIVE OFFER (OR COMPETITIVE
OFFERS), THE OFFEROR WILL PAY THE
RELEVANT PURCHASE PRICE TO EACH
-------------------------------------------------------
BONDHOLDER WHOSE COMPETITIVE OFFER
OF BONDS IS ACCEPTED, EVEN IF THE
RELEVANT PURCHASE PRICE IS HIGHER
THAN THE OFFER PRICE SPECIFIED BY
THE TENDERING BONDHOLDER IN ITS
TENDER INSTRUCTION. IN THE EVENT
THAT THE COMPETITIVE OFFERS
SUBMITTED WITH AN OFFER PRICE EQUAL
TO OR LOWER THAN THE RELEVANT
PURCHASE PRICE (FOLLOWING
-------------------------------------------------------
ACCEPTANCE OF ALL NON-COMPETITIVE
OFFERS AS DESCRIBED BELOW UNDER
ACCEPTANCE OF TENDER INSTRUCTIONS)
RESULT IN MORE BONDS OF THE
RELEVANT ISSUE BEING OFFERED THAN
THE RELEVANT ISSUE ACCEPTANCE
AMOUNT, THEN, IF ANY COMPETITIVE
OFFERS ARE ACCEPTED: (I) ALL
COMPETITIVE OFFERS WITH AN OFFER
PRICE BELOW SUCH PURCHASE PRICE
-------------------- Message МТ568 --------------------
WILL BE ACCEPTED, AND (II) SUCH
COMPETITIVE OFFERS WITH AN OFFER
PRICE AT SUCH PURCHASE PRICE WILL
BE ACCEPTED ON A PRO RATA BASIS.
.
ALTERNATIVELY, IN RESPECT OF ANY
ISSUE, BONDHOLDERS MAY SUBMIT ONE
OR MORE NON-COMPETITIVE OFFERS IN
RESPECT OF THE BONDS PRIOR TO THE
EXPIRATION DEADLINE.
-------------------------------------------------------
NON-COMPETITIVE OFFERS IN RESPECT
OF 2018 BONDS MUST SPECIFY THE
PRINCIPAL AMOUNT OF 2018 BONDS, IN
INTEGRAL MULTIPLES OF USD 1,000
THAT THE RELEVANT BONDHOLDER IS
OFFERING PURSUANT TO SUCH
NON-COMPETITIVE OFFER.
.
TENDER INSTRUCTIONS THAT DO NOT
SPECIFY AN OFFER PRICE WILL BE
-------------------------------------------------------
TREATED AS NON-COMPETITIVE OFFERS.
IN RESPECT OF BONDS OF ANY ISSUE,
THE OFFEROR WILL ACCEPT ALL
NON-COMPETITIVE OFFERS IF IT
ACCEPTS ANY COMPETITIVE OFFERS. IF
THE OFFEROR ACCEPTS A
NON-COMPETITIVE OFFER THE RELEVANT
BONDHOLDER WILL RECEIVE THE
PURCHASE PRICE FOR THE BONDS OF THE
RELEVANT ISSUE. IN THE EVENT THAT
-------------------------------------------------------
THE NON-COMPETITIVE OFFERS
SUBMITTED RESULT IN MORE BONDS OF
THE RELEVANT ISSUE BEING OFFERED
THAN THE RELEVANT ISSUE ACCEPTANCE
AMOUNT, SUCH NON-COMPETITIVE OFFERS
WILL BE ACCEPTED ON A PRO RATA
BASIS.
.
-------------------------------------------------------
HTTPS://PORTAL.LUCID-IS.COM

IN RESPECT OF BONDS OF ANY ISSUE,
ONCE THE OFFEROR HAS DETERMINED THE
PURCHASE PRICE AND THE ISSUE
ACCEPTANCE AMOUNT FOR THE BONDS OF
THAT ISSUE, THE OFFEROR WILL ACCEPT
TENDER INSTRUCTIONS IN THE
FOLLOWING ORDER:
.-ALL VALIDLY SUBMITTED
NON-COMPETITIVE OFFERS IN RESPECT
-------------------------------------------------------
OF THAT ISSUE WILL BE ACCEPTED
FIRST, SUBJECT TO POSSIBLE
PRO-RATION IN THE EVENT THAT SUCH
TENDER INSTRUCTIONS HAVE BEEN
SUBMITTED WITH RESPECT TO A GREATER
PRINCIPAL AMOUNT THAN THE
APPLICABLE ISSUE ACCEPTANCE AMOUNT
.-ALL VALIDLY SUBMITTED COMPETITIVE
OFFERS THAT SPECIFY OFFER PRICES
LOWER THAN THE RELEVANT PURCHASE
-------------------------------------------------------
PRICE WILL BE ACCEPTED SECOND AND
.-ALL VALIDLY SUBMITTED COMPETITIVE
OFFERS THAT SPECIFY OFFER PRICES
EQUAL TO THE RELEVANT PURCHASE
PRICE WILL BE ACCEPTED THIRD,
SUBJECT TO POSSIBLE PRO-RATION IN
THE EVENT THAT SUCH COMPETITIVE
OFFERS, WHEN AGGREGATED WITH ALL
TENDER INSTRUCTIONS REFERRED TO
ABOVE AND ACCEPTED FOR PURCHASE,
-------------------------------------------------------
RESULTS IN A PRINCIPAL AMOUNT WHICH
IS GREATER THAN THE APPLICABLE
ISSUE ACCEPTANCE AMOUNT.
.
SUCH PRO RATA ALLOCATIONS WILL BE
CALCULATED BY MULTIPLYING THE
AGGREGATE PRINCIPAL AMOUNT OF THE
BONDS OF THE RELEVANT ISSUE
REPRESENTED BY EACH TENDER
INSTRUCTION SUBJECT TO PRO-RATION
-------------------------------------------------------
BY A FACTOR (THE SCALING FACTOR)
EQUAL TO (I) THE RELEVANT ISSUE
ACCEPTANCE AMOUNT LESS THE
AGGREGATE PRINCIPAL AMOUNT OF BONDS
OF THE RELEVANT ISSUE ACCEPTED FOR
PURCHASE NOT SUBJECT TO PRO-RATION,
DIVIDED BY (II) THE AGGREGATE
PRINCIPAL AMOUNT OF THE BONDS
VALIDLY TENDERED IN THE RELEVANT
OFFER THAT ARE SUBJECT TO
-------------------------------------------------------
PRO-RATION. EACH TENDER OF 2018
BONDS REDUCED IN THIS MANNER WILL
BE ROUNDED DOWN TO THE NEAREST USD
1,000 IN AGGREGATE PRINCIPAL
AMOUNT, PROVIDED THAT NO TENDER
INSTRUCTION WILL BE ACCEPTED IN
THIS MANNER WHERE THE ACCEPTANCE OF
PRO-RATED 2018 BONDS WOULD RESULT
IN A BONDHOLDER TRANSFERRING 2018
BONDS TO THE OFFEROR IN AN
-------------------------------------------------------
AGGREGATE PRINCIPAL AMOUNT LESS
THAN THE APPLICABLE MINIMUM
DENOMINATION.
BONDS OFFERED FOR PURCHASE AT AN
OFFER PRICE HIGHER THAN THE
PURCHASE PRICE OF THE RELEVANT
ISSUE OF BONDS, WILL NOT BE
ACCEPTED PURSUANT TO THE OFFERS.
THE OFFEROR MAY ELECT NOT TO
PURCHASE ANY BONDS OR NOT TO
-------------------------------------------------------
PURCHASE ANY BONDS OF ONE OR MORE
ISSUE OF BONDS.
THE DETERMINATION OF THE PURCHASE
PRICE AND ACCRUED INTEREST AMOUNT
IN RESPECT OF BONDS OF EACH ISSUE
BY THE OFFEROR WILL, IN THE ABSENCE
OF MANIFEST ERROR, BE FINAL AND
BINDING ON ALL PARTIES.
3.DOCUMENTATION
DOCUMENTATION AVAILABLE VIA LUCID
-------------------------------------------------------
AGENT ONLY
HTTPS://PORTAL.LUCID-IS.COM

RESTRICTIONS:
RESTRICTIONS APPLY INCLUDING IN
UNITED KINGDOM, FRANCE, BELGIUM,
ITALY, LUXEMBOURG AND SWITZERLAND
PLEASE CAREFULY READ TO THE OFFER
AND DISTRIBUTION RESTRICTIONS,
PAGES 12-13 OF THE TOM.

THIS SUMMARY DOES NOT CONSTITUTE A
LEGALLY BINDING DESCRIPTION OF THE
CHOICES OFFERED TO CLEARSTREAM
BANKING CUSTOMERS AND CANNOT BE
RELIED UPON AS SUCH. KINDLY REFER
TO ANY OFFERING DOCUMENTS THAT MAY
BE AVAILABLE FROM THE ISSUER FOR
COMPLETE DETAILS AND OFFERING
TERMS. CB CUSTOMERS MAY WISH TO
SEEK INDEPENDENT LEGAL AND TAX
-------------------------------------------------------
ADVICE ON THE INTERPRETATION OF THE
OFFER. CB CUSTOMERS ARE DEEMED TO
UNDERSTAND THE OFFER AND TO
INSTRUCT CB ACCORDINGLY. THIS
NOTIFICATION CAN NOT BE REPRODUCED
OR TRANSMITTED IN ANY FORM OR BY
ANY MEANS, IF NEITHER YOU NOR THE
ADDRESSEE IS ENTITLED TO
PARTICIPATE IN THE RELEVANT
CORPORATE ACTION. YOU SHALL BEAR
-------------------------------------------------------
SOLE RESPONSIBILITY FOR ANY AND ALL
HARMFUL CONSEQUENCES, LOSSES OR
DAMAGES, WHICH MAY BE SUFFERED FOR
ANY REASON BY YOURSELVES, THE
ADDRESSEE, THIRD PARTIES OR CB BY
REPRODUCING OR TRANSMITTING THE
NOTIFICATION.