Events

JSC "The Seventh Continent" (further referred to as the Company) and MDM Bank, which was appointed as agent on restructuring, announce basic restructuring terms of obligations under bonds "series 02".
The Company offers to its bondholders on 23 June 2009 (date of put option) an exchange of bonds "series 02" (the state number of issue 4-02-00462-Н, registered by the Federal Financial Markets Service of the Russian Federation on 26 December 2006, total par value of RUB 7.0 billion) for new bond issue with 20% of par value bond redemption series 02 simultaneously. The Company is now preparing new securities issue.
The new securities maturity is 2 years, the coupon is paid quarterly. The issue of those papers considers principal debt amortization by equal shares 20% par value, starting with 4th coupon period. New paper yield to maturity is 17%.

JSC "The Seventh Continent" announces basic restructuring terms 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,