Additional Loan Facility Obtained

Pertaining to the previous update regarding the Group undertaking a new loan facility, Rusneftegaz has obtained an additional loan facility worth $125.0m from the same shareholder. The deal was arranged on 18 January 2017 with a charge on additional assets, and also does not bear any interest. As per the arrangement on 4 January, the loan will reach maturity 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. The Board of Directors ultimately intends to deploy the borrowed capital to expedite the overhaul of Group's energy infrastructure and acquire additional equipment.