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UniCredit Bank™, PJSC “Ukrsotsbank” acted as a lender under the debut US$ 150,000,000 Syndicated Commodity Facility between PJSC Creative and UniCredit Group

10.11.2011

Debut US$ 150,000,000 Syndicated Commodity Facility between PJSC Creative and UniCredit Group™, that acted as Sole Co-ordinating Mandated Lead Arranger and a Sole Bookrunner, was signed on October 25, 2011.

The Facility represents PJSC Creative successful debut transaction in the international syndicated loan market and was well received by the market. The proceeds will be used to finance the Borrower’s sunflower seed purchases, their storage period and their processing period until the seeds have been processed into the commodities, which are to be sold on the domestic market or exported under the export contracts.

Lenders under the Facility are PJSC Ukrsotsbank, a member of UniCredit, Erste Group Bank AG and VTB Bank (Austria) AG as Mandated Lead Arrangers.

UniCredit Bank AG acts as Facility and Off-Shore Security Agent, PJSC Ukrsotsbank is Local Security Agent and Local Account Bank and UniCredit Bank Austria AG acts as the Offshore Account Bank.

Vladislav Vinyarskiy, Head of Agreecultural Financing Unit of UniCredit Bank™, PJSC “Ukrsotsbank”: “UniCredit Bank™, PJSC "Ukrsotsbank" debuted as the organizer of an international Syndicated Commodity Facility in the pre-export financing, confirming the Group status as a reliable financial partner that provides with professional banking services. This transaction is an indicator of confidence of international banking groups towards the Ukrainian agricultural sector.”

Statement of Yuri Davydov, CEO of PJSC Creative: “This transaction represents a key milestone in successful implementation of our business strategy, It allows for securing a stable funding for raw materials purchases and enlarging the company’s presence at international financial markets. We are pleased with the level of our cooperation with Unicredit and other members of the financing syndicate”.

About PJSC Creative, Ukraine:

Creative Group is the no. 2 producer of vegetable fats and margarines in Ukraine with a 35% market share. It also produces bottled refined sunflower with a 11% share in the domestic market and ranks among the top 6 producers of bulk sunflower oil in Ukraine. The Borrower was the 8th largest exporter of sunflower oil and the 4th largest exporter of sunflower meal in the first 6 months of the marketing year 2010/2011. Current annual crushing capacity stands at 456.3 thousand tons of sunflower seeds and 87.6 thousand tons of soybeans and crushing capacity will increase further by 182.5 thousand tons per annum by December 2011 relating to soybean crushing, by 620.5 thousand tons per annum by June 2012 relating to sunflower crushing, by 55.5 thousand tons per annum by February 2012 and by 73.0 thousand tons per annum by January 2013 relating to fats and margarines production capacities.

About UniCredit Corporate & Investment Banking:

UniCredit is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, with about 9,600 branches and approximately 162,000 employees. In the CEE region, UniCredit operates the largest international banking network with around 4,000 branches and outlets.

UniCredit's Corporate & Investment Banking gives companies, from mid-size Corporates to multinationals and institutional clients, access to the largest network of banks in Central and Eastern Europe, as well as to branches in major financial centers worldwide. The successful collaboration between our network’s relationship managers and specialists in our product lines (Financing & Advisory, Markets, Global Transaction Banking) enables UniCredit to respond promptly to our clients’ entrepreneurial requirements. Thus, UniCredit supports the growth and internationalization of the Group’s corporate and institutional clients, creating sustainable value for all stakeholders.

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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