RCS - PJSC Inter RAO UES - Related-party transactions of Inter RAO

City Service SEAnnouncement

24/07/2020 16:35

RNS Number : 0670U
  
PJSC Inter RAO UES
  
24 July 2020
  
 

Related-party transactions of Inter RAO 
Moscow, July 24, 2020 - Public Joint Stock Company "Inter RAO UES" ("Inter RAO", "Company", ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announces that on July 24, 2020 Inter RAO has executed the following Loan Agreements with its subsidiaries Limited Liability Company "Inter RAO Invest" (LLC "Inter RAO Invest"), Limited Liability Company "Inter RAO Engineering" (LLC " Inter RAO  Engineering"), Joint Stock Company "Inter RAO Capital" (JSC "Inter RAO Capital"):
-     Loan Agreements with LLC « Inter RAO Invest » for the total amount of each agreement 36,746,900,965.64 RUB, including interest on a loan, or 6,35% percent of book value of Inter RAO' assets. According to the first Loan Agreement Inter RAO is a Lender and LLC «Inter RAO Invest» is a Borrower. According to the second Loan Agreement Inter RAO is a Borrower and LLC «Inter RAO Invest» is a Lender.
-     Loan Agreements with LLC "Inter RAO Engineering" for the total amount of each agreement 36,746,900,965.64 RUB, including interest on a loan, or 6,35% percent of book value of Inter RAO' assets. According to the first Loan Agreement Inter RAO is a Lender and LLC «Inter RAO Engineering» is a Borrower. According to the second Loan Agreement Inter RAO is a Borrower and LLC «Inter RAO Engineering» is a Lender.
-     Loan Agreements with JSC "Inter RAO Capital" for the total amount of each agreement 36,746,900,965.64 RUB, including interest on a loan, or 6,35% percent of book value of Inter RAO' assets. According to the first Loan Agreement Inter RAO is a Lender JSC «Inter RAO Capital» is a Borrower. According to the second Loan Agreement Inter RAO is a Borrower and JSC «Inter RAO Capital» is a Lender.
 
Each of the said agreements is a related party transaction for Inter RAO according to the legislation of the Russian Federation and was approved by the Company's Board of Directors on April 30, 2020.
The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation.
 For further information, please contact Inter RAO:
Larisa Sadovnikova               Head of Investor Relations                 +7 495 664-88-40 (ext. 2068)
sadovnikova_lv@interrao.ru
Nikolay Gorelov                    Press Secretary                                   +7 495 664-88-40 (ext. 2010)
gorelov_nv@interrao.ru
Svetlana Sidelnikova             Head of Corporate Relations              and Antitrust Compliance
+7 495 664-88-40 (ext.2081)                                                            chuchaeva_sy@interrao.ru 
Inter RAO is a diversified utilities holding headquartered in Moscow and managing assets in different countries. The company produces and sells electric energy and heat, trades energy on the international market, and engineers, designs and builds generating assets. Inter RAO Group owns and operates approximately 31 GW of installed power generating capacity. Inter RAO corporate strategy is focused on making the company a global energy enterprise and a key player in the international energy market.
For further information see www.interrao.ru


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