Events

JSC «The Seventh Continent» (hereafter referred to as "the Company") has placed non-convertible interest-bearing bonds "Series CP-01" in amount of 5.8 mln. items. Identification number of the Commercial papers is 4В02-01-00462-Н.

            The first coupon was set at 15.5% per annum. The Commercial papers were placed on MICEX.

The terms and conditions of bond issue Series CP-01 are:

• The total nominal value is 5,800,000,000 RUB;

• The maturity is 2 years;

• The coupon is paid quarterly;

The conditions of the Commercial Paper issue provide principal debt amortization of 20% of par value during the 364th, 455th, 546th, 637th and 728th days from date of placement.

Pre-emption right on Commercial papers is not provided.

The new Commercial Paper will be issued in order to execute a 100% put option on the Company's bonds on 23 June 2009 (02 series, registration number 4-02-00462-H, dated 26/12/2006, total par value RUB 7.0 bln).

JSC «The Seventh Continent» has placed bond issue totaling 5.8 mln. items.

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 May 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,