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STATEMENT RE: EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT LOAN (“EBRD”): Latest news

11 September 2015

Ukrproduct (AIM: UKR), one of the leading Ukrainian producers and distributors of branded dairy foods and beverages (kvass), announces that on September 10, 2015  it has made another interest payment under the terms of its loan agreement with the European Bank for Reconstruction and Development dated March 31, 2011 (the “Loan Agreement”).

The principal amount settlement was postponed, as UPG is engaged in the negotiations with EBRD to restructure the terms of the loan including an extension of the maturity date. In the meantime Ukrproduct Group has received a comfort letter from EBRD by which the Bank confirms that at the date of the letter it has not exercised any of its rights arising from the Loan Agreement in the events of default.

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