Renaissance Capital Senior Loan

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Translated version of this PSD: Russian 3.5 year loan of up to EUR 100 million to Renaissance Securities (Cyprus) Limited (the “Borrower”), a member of the Renaissance Capital group of companies (“Renaissance Capital), a leading investment bank in Russia and CIS for use of proceeds in Russia. The loan will be used to support Renaissance in (i) further expanding its debt and equity capital markets reach to Russian corporates, and (ii) diversifying and extending its funding base thus reducing its reliance on short-term funding. The EBRD loan will help Renaissance Capital to further enhance its equity and debt capital markets products and bring the services closer to their clients across Russia, which are yet to gain access to the local and international capital markets following the collapse of those markets in the second half of 2008. Supporting one of the market makers, the project is aimed to contribute to faster recovery and further development of the local capital market and its infrastructure. The project is in line with the transition impact objectives of the EBRD to support increasing competition, market expansion and development in local capital markets in Russia as well as to support partners that have demonstrated successful restructuring during the crisis. The Borrower is a primary operating subsidiary of Renaissance Capital, which focuses on investment banking, debt and equities trading, brokerage and advisory services in Russia and CIS. Renaissance Financial Holdings Limited (RFHL) will be the Guarantor in this transaction, providing a full guarantee. Mid-term senior loan of up to EUR 100 million. Up to EUR 100 million. Categorised FI under EBRD’s 2008 Environmental and Social Policy. Due diligence has confirmed that Renaissance Capital 's human resource management practices in Russia are in compliance with PR2. However, all the Renaissance Capital subsidiaries using EBRD funds will need to develop and implement environmental and social policies and management practices in line with PR9, with particular emphasis on compliance with Referral List and adoption of the EBRD's Environmental and Social Procedures for Corporate Lending and the Environmental and Social Procedures for Passive Investments. Training on environmental and social risk management issues will be considered, and the Client will be required to submit to the Bank its annual reports on environmental and social matters and the implementation of PRs 2 and 9. None. Mr Kieran Donnelly, Managing Director, Head of Group Funding, Renaissance Group; Tel: +7 495 604 4457 Email: kdonnelly@rencap.com