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30.12.2016

JSC “Ukrzaliznytsia” closes the consent solicitation process in relation to the 2021 Notes

JSC “Ukrzaliznytsia” closes the consent solicitation process in relation to the 2021 Notes

Public Joint Stock Company “Ukrainian Railway” (the “Company”) is pleased to announce that on 26 December 2016, the National Bank ofUkraine registered the amendments to the amended and restated loan agreement dated 19 February 2016 contemplated by the amendment deed dated 20 December 2016. The registered amendments implement the changes approved by the Extraordinary Resolution of the holders of the U.S.$500,000,000 9.875 per cent. Loan Participation Notes due 2021 issued by Shortline plc approved on 7 December 2016.

Earlier today, the consent fee was paid to the clearing systems for onward distribution to noteholders eligible to receive such consent fee in accordance with the terms of the consent solicitation memorandum dated 22 November 2016 (the “Consent Solicitation Memorandum”).

Accordingly, 30 December 2016 has been designated by the Company as the Effective Date (as defined in the Consent Solicitation Memorandum) and the amendments approved by the Noteholders came into force today.