Delta Leasing Rouble Loan

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Translated version of this PSD: Russian The EBRD is considering providing a senior loan of RUB 480 million to DeltaLeasing, a leasing company operating in the Russian Far East, Siberia, the Urals and extending its regional presence to other Russian regions. The loan will consist of two equal tranches: the first tranche will be used for refinancing existing hard currency debt of the company and replacing it by Rouble borrowing and the second tranche will be used for financing new business and extending product offering. The transition impact potential of the Project arises mainly from its support of the important market participant with the ability to withstand the financial crisis. This transaction will have a strong demonstration effect as the first transaction with a leasing company in Russia after the crisis. Moreover, the proposed loan will improve the balance sheet structure of the company and allow it to mitigate its FX risk as well as extend its product offering and competitiveness. The Project will strengthen the development of private companies in the economically challenged regions by promoting financial intermediation and increasing the level of available medium-term resources primarily to SME sector. DeltaLeasing (“DL”), a Russian leasing company established in 1999 and owned by The U.S.-Russia Investment Fund (TUSRIF) (99.9% undiluted), with indirect participation of the company’s employees through employee stock-option plan (10.4% on fully diluted basis). The company is headquartered in the Far East, has wide regional presence nationwide, focusing on Siberia, Far East, the Urals and Central Russia. With the portfolio of USD 200 million, it was ranked number 23 by the size of its leasing portfolio as of end-September 2009. Term loan of RUB 480 million (USD 16.7 million equivalent). RUB 480 million (USD 16.7 million equivalent). DeltaLeasing will be required to comply with EBRD’s Environmental Procedures for Leasing which require adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety requirements and submission of an Annual Environmental Report to the Bank. None. Mr. Gregory Sundstrom, Chairman e-mail: gregorys@deltaleasing.ru Mr. Oleg Rakitsky, CEO e-mail: rakitsky@deltaleasing.ru Telephone: 4232 – 491221 Fax: 4232-491220 Website: www.deltaleasing.ru