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Holders of the 2015 Ukreximbank’s Notes Approve Three-Month Extension of Maturity

Joint Stock Company “The State Export-Import Bank of Ukraine” (the “Bank”) is pleased to announce that holders of the U.S.$750,000,000 8.375 per cent. Loan Participation Notes due 2015 (ISIN: XS0503737461) issued by Biz Finance PLC (the “Notes”) approved the Extraordinary Resolution set out in the consent solicitation memorandum dated 27 March 2015 at the noteholders’ meeting that took place on 27 April 2015. An overwhelming majority of holders of the Notes represented at the meeting supported the proposed Extraordinary Resolution.

By approving the Extraordinary Resolution, holders of the Notes have, among other things, consented to extension of the maturity of the Notes and the underlying loan to 27 July 2015.

The Bank intends to seek implementation of the reprofiling of the Notes on the terms set out in the Bank’s notice dated 20 April 2015 by 27 July 2015.

The Bank’s Chairman Oleksandr Hrytsenko commented:

“We are grateful to noteholders for their overwhelming support that they have shown at the noteholders’ meeting. As the Bank announced previously, we intend to use the three-month extension to seek implementation of the reprofiling of the Notes on terms that we announced last week. We look forward to working with noteholders on implementation of all three reprofiling operations in the forthcoming months.”

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