Globus II

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Translated version pf this PSD: Russian The EBRD is considering the provision of a long-term secured, syndicated corporate loan to Hyperglobus (the “Company”) to finance an additional store roll out of hypermarkets in a radius of up to 200km around Moscow. Transition impact potential will derive from backward linkages to local suppliers in close proximity to each hypermarket which will require them to upgrade their quality and logistics standards in order to fulfil the high standards demanded by Globus. Also the Project will set standards in energy efficiency in the Russian retail market by implementing a set of measures to reduce energy consumption in lighting and air conditioning in its stores. OOO Hyperglobus is a subsidiary of the German Globus Group and entered the Russian hypermarket sector in 2006. To date, the Company is operating 5 hypermarkets in Ryasan, Yaroslavl, Vladimir and the Moscow Oblast. The Globus Group is active in Germany, the Czech Republic and Russia and operates a total of around 150 hypermarkets, DIY and home electronic stores. The RUB equivalent of up to EUR 150 million secured corporate loan to the Company, part of which will by syndicated to commercial banks under EBRD A/B loan structure or as parallel loans. EUR 233 million. The Project is Categorised B according to the EBRD’s Environmental and Social Policy (ESP) 2008. Environmental and social risks associated with construction and operation of stores can be readily identified and addressed by adequate risk management procedures. Globus is an existing client therefore due diligence will benchmark the client against the requirements of the 2008 ESP, that were not required under the previous loan. An Environmental and Social Action Plan (ESAP) will be developed and agreed with the Company as necessary and prior to Board submission, to ensure the Company's compliance with the Bank’s Performance Requirements. The Company will need to develop a Stakeholder Engagment Plan (SEP) in line with PR10. The Bank will monitor the Company's environmental and social performance for the lifetime of the project through annual environmental and social reporting and via periodic site visits. The Company will be required to immediately notify the Bank of any incidents or accidents likely to have an effect on the environment or worker and public safety. Energy Efficiency Audit within the framework of the Bank’s existing Regional Energy Efficiency Programme for Corporate Sector funded by Germany and the EBRD Shareholder Special Fund (SSF). Olaf Schomaker Tel.: +7 495 223 7505 E-mail: olaf.schomaker@globus.ru