Summa Group 2015

Summa Group News

All the latest news from the Summa Group
April 2015 Part 1

FESCO - NCSP- STROYNOVATSIYA INTEX YATEC UNITED GRAIN COMPANY

Summa Group 2015 April PT1

FESCO ANNOUNCES NEW BOARD OF DIRECTORS

On the 23rd of April 2015, the Summa Groups Far East Shipping Company announced its new Board
of Directors. The EGM (Extraordinary General Shareholders Meeting) elected the following
representatives. In alphabetical order:

Clive Denis Bode

Jacob Grapengiesser
Natalia Izosimova
Dmitry Kalinin
Vladimir Kayashev

Marat Shaidaev
Dmitry Shvets
Dmitry Shokhin
Andrey Uspensky

FESCO NCSP - STROYNOVATSIYA INTEX YATEC UNITED GRAIN COMPANY

Summa Group 2015 April PT1

FESCO ANNOUNCES BOOK BUILDING FOR BO-01

FESCO announced the Rouble Bond series BO-01 was open for trading as of 11am on the 22nd of
April 2015. The acceptance period for the bonds was opened to potential investors in the morning
and closed again in the afternoon at 3pm.
In 2015, the FESCO Board of Directors decided to increase the Rouble Bond series BO-01 from the
initial 3 billion (May 2010) to 8.5 billion. MICEX approved the bond amendments on 21 st April 2015.
The Rouble Bonds series BO-01 consisted of 8.5 million bonds, to the equal value of 1 thousand
RUB. The bonds circulation period is 34 months and the coupons are paid on the bonds biannually.
FESCO is using the current situation to improve the debt currency structure in order to reduce,
releverage and maximise the shareholder value. The funds received from the bonds will be used for
debt refinancing within FESCO, particularly for the USD nominated Senior Secured Notes due in
2018 and 2020.
Vneshprombank LTD was appointed as the underwriter.

FESCO NCSP - STROYNOVATSIYA INTEX YATEC UNITED GRAIN COMPANY

Summa Group 2015 April PT1

NCSP GROUP CRAGO TRAFFIC UP 6% IN FIRST QUARTER OF 2015

The NCSP (Novorossiysk Commercial Sea Port Group) has announced that the groups first quarter
of 2015 has seen an increase of 6% year on year. Currently, they have increased their turnover by 6
million tonnes year on year, reaching a total of 35.6 million tonnes in the first quarter.
NCSP CEO, Sultan Batov, commented on the increase,
Cargo volumes have been growing for three months from the beginning of the year. This is possibly
thanks to a continuous reduction of export duties on crude oil, which boosted export volumes,
sustainable growth of domestic oil refining and oil product exports. It also created a good demand
for Russian steel and non-ferrous metals supported by rouble devaluation and helped achieve target
levels of coal trans-shipment. Improved weather conditions at Novorossiysk port, where storms
lasted only five days in March versus ten days in February, as well as other factors, caused transshipment volumes to grow by 1 753.7 thousand tonnes or 16.5% in May versus February.

FESCO NCSP - STROYNOVATSIYA INTEX YATEC UNITED GRAIN COMPANY

Summa Group 2015 April PT1

NCSP GROUP CRAGO TRAFFIC UP 6% IN FIRST QUARTER OF 2015

Liquid Cargo is up 1410 thousand tonnes to 28 353.6 thousand tonnes: 5,2% year on year.
Bulk Cargo is up 180.5 thousand tonnes to 2 583.1 thousand tonnes: 7.7% year on year.
General Cargo is up 543.1 thousand tonnes to 3 510.5 thousand tonnes: 18% year on year.
Container Cargo is 118.1 thousand TEU and 1 178.5 thousand tonnes.

1st Quarter Results Year-on-Year

30000
25000
20000
15000
10000
5000
0
Liquid Cargo

Bulk Cargo
2014

General Cargo

Container Cargo

2015

FESCO NCSP - STROYNOVATSIYA INTEX YATEC UNITED GRAIN COMPANY

Summa Group 2015 April PT1

ABOUT THE SUMMA GROUP

Summa Group specialises and invests in port logistics,
engineering, construction, oil and gas sectors as well as
telecommunications. Summa Group is a diversified
private holding that comprises of more then 10 000
people in 40 regions of Russia and abroad.

Mr Ziyavudin Magomedov is the founder and

shareholder of the Summa Group, which celebrated its
10 year anniversary in 2014.

FESCO - NCSP- STROYNOVATSIYA INTEX YATEC UNITED GRAIN COMPANY