Events

JSC "The Seventh Continent" (further referred to as the Company) has appointed MDM Bank as agent for the restructuring of obligations under bonds "series 02". The Company is now considering various methods of refinancing these non-convertible interest-bearing bonds (payable to bearer, the state number of issue 4-02-00462-Н, registered by the Federal Financial Markets Service of the Russian Federation on 26 December 2006), which have a total par value of RUB 7.0 billion, (hereinafter "the Bonds").
The placement of the Bonds was executed on 21 June 2007 on the MICEX Stock Exchange. If any of the refinancing options are not realized, the Company plans to address the bondholders with an offer to restructure the obligations of the Bonds.
The issuer's terms and conditions include the Put option at par, which should be executed by the Company on 23 June 2009.
MDM Bank will act as the agent on restructuring of the Bonds.

JSC "The Seventh Continent" has appointed MDM Bank the agent on restructuring of obligations under bonds of a series 02

About the Company:

JSC "The Seventh Continent" was established in 1994 and today is an international retail chain and one of the leading Russian national chains. The Company operates in two major formats: supermarkets and hypermarkets. As of the end of March 2009 the Company has stores in Moscow and Moscow region (118 supermarkets and 4 hypermarkets), in Kaliningrad region (10 supermarkets), in St-Petersburg (1 hypermarket), in Ryazan (1 hypermarket), Chelyabinsk (1 hypermarket) in Minsk, Belorussia (1 hypermarket), in Perm (1 supermarket and 1 hypermarket) and in Yaroslavl (1 hypermarket).
According to the audited financial statements, prepared in accordance with International Financial Reporting Standards, in 2007 total revenues of the Company were USD 1 272.9 mn., net income USD 99.2 mn.

For further information please contact us:
- www.7cont.ru
- tel.: +7(495) 933-43-63, ext. 35 31,
e-mail: pressa@7cont.ru,

About MDM Bank:

MDM Bank was founded in December 1993 and holds a General Banking License issued by the Central Bank of Russia (#2361 dated 31 March 2008). MDM Bank is one of the most dynamically developing banks in Russia and is among the top Russian banks in terms of assets and equity. Today, MDM Bank is a modern universal financial institution offering a full range of services to its clients.
MDM has one of the highest credit ratings among privately-owned Russian banks - Standard & Poor's (BB, Credit Watch Negative), Fitch Ratings (BB-, negative) and Moody's (Ba1, stable) - and is the only Russian financial organization that has been given a public Corporate Governance Score by Standard & Poor's (CGS-6+).