Eurobonds

Limitation of liability: 

These materials and the information contained therein do not constitute an advertisement for securities in the Russian Federation, nor do they constitute an offer (or invitation to prepare an offer) to purchase, sell, exchange or transfer any securities in the Russian Federation for the benefit of any Russian individuals or legal entities, as defined by the legislation of the Russian Federation on the securities market. These materials and the information contained therein are not to be used by those who are in the Russian Federation and at the same time are not 'qualified investors' as it is defined by Article 51.2 of the Federal law No. 39-FZ 'On securities market' (as amended) (hereinafter – the «Russian QI») dated April 22, 1996, and must not be distributed in Russia or disclosed in Russia to any persons who are not Russian QI, except for any cases when access to such information is affirmatively authorized by the Russian legislation. Eurobonds are not registered and will not be registered in the Russian Federation and are not made for offering or public trading in the Russian Federation (as the terms are defined by the legislation of the Russian Federation in reference to the securities market), except for cases when it is affirmatively authorized by the legislation of the Russian Federation