On 13 March, JSC TransContainer fulfilled its obligations with respect to 01 bond issue redemption (state registration number 4-01-55194-Е). The total number of bonds redeemed was 2.88 million (96.1% of total volume) worth in aggregate 2,896.3 million roubles including 13 million roubles of accrued coupon yield. All the bonds were redeemed by the Issuer at the par value pursuant to the offering terms.

Later on the same day all the bonds redeemed were re-issued under normal market conditions and offered to a wide range of investors including new potential buyers. Thus, 100% of the issue re-entered the market.

According to Petr Baskakov, JSC TransContainer General Director, the results of the first offering show the market trust in the company’s securities. “We are satisfied with the results of the first offering. It proves stability and creditworthiness of our company, which is especially important in the context of the current economic crisis,” was Mr. Baskakov’s comment on the offering results.

«This time the market players gave us their confidence and we have to live up to their expectations. After the offering, we have freed up resources we plan to plough into development of our company and improvement of service quality,” he added.

Background Information:

JSC TransContainer 01 bond issue was placed in March 2008. The issue was totally worth 3 billion roubles. The maturity date of the first offering is 13 March 2009. The offering underwriter was JSC TransCreditBank. The rate for the first and second coupons was set at 9.5% a year, whereas for the third and fourth coupons the company fixed 16.5% annual rate. The maturity date for the second offering is 12 March 2010.

Before the first offering, JSC TransContainer 01 issue bonds were included in Lombard list of the Bank of Russia The Lombard list of the Bank of Russia, which is a list of the securities the Bank of Russia accepts as collateral when extending a Lombard loan.

JSC TRANSCONTAINER PRESS CENTER