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29.01.2016

Ukrzaliznytsia to hold an investor presentation on Wednesday 3 February 2016 at 5:00 pm (Kyiv time)

As was announced previously, in November 2015 State Administration of Railway Transport of Ukraine, of which Public Joint Stock Company “Ukrainian Railway” (the “Company”) is a legal successor, conducted negotiations with a group of creditors consisting of ICE Canyon LLC, Portland Worldwide Investments Ltd., Promeritum Investment Management LLP and VR Global Partners, L.P., who have formed an Ad-Hoc Committee.

These negotiations took place within the framework of the implementation of the IMF program in Ukraine and concluded with an agreement on key commercial terms for the reprofiling of the U.S.$500,000,000 9.5 per cent Loan Participation Notes issued by Shortline PLC and maturing in 2018.

The detailed commercial terms of the proposed reprofiling are available at the following link:

http://www.uz.gov.ua/en/press_center/up_to_date_topic/416004/

On 19 January 2016, the Company launched a consent solicitation allowing noteholders to vote on the proposed reprofiling. Subject to compliance with the relevant certification requirements, the documents related to the consent solicitation are available at the following website: http://sites.dfkingltd.com/uz

The Company will be holding an investor presentation via a webcast and a conference call on Wednesday, 3 February 2016. The presentation will take place at 5:00 pm Kyiv time (3:00 pm London time, 10:00 am New York time).

The purpose of the webcast is to (i) present the rationale and the main features of the proposed debt operation, and (ii) highlight the new corporate structure of the Company following the corporate reorganization process. The Company also plans to discuss the voting process, structure and expected implementation process of the debt operation. There will be an opportunity for investors to ask questions during a Q&A section at the end of the presentation.

Investors interested in participating in the investor presentation should register using the following links:

Webcast: http://webcast.openbriefing.com/uz_investor_presentation_03-02-2016/

Conference call: Click this link to register for the conference call