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Loan Facility Obtained

5/1/2017

 
Rusneftegaz obtained a shareholder loan facility worth $125.0m on 4 January 2017, secured with a charge on the Group's assets. The agreement does not bear any interest and will mature after one year, with proceeds from the facility approved to be utilised for general business purposes, including the granting of funds to the Group's subsidiaries. In this instance, the Board of Directors intends to deploy the borrowed capital to acquire new equipment, as part of the ongoing investment in the Group's energy infrastructure.

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