NJSC "Naftogaz of Ukraine" is in dialogue with investors

NJSC Naftogaz of Ukraine notes recent press speculation regarding outline plans to restructure its Eurobonds due September 2009.

The Company confirms that it has had initial discussions with a number of creditors as a first and active step to explore an appropriate and optimal structure suitable for an effective debt restructuring.

The input gained from these and future discussions will be used to help formulate a plan that works best for all parties and forms part of the ongoing development of the company.

The Company’s Chairman of the Board Oleg Dubyna declared:

“We are exploring ways which will work best for all parties, both investors and for the company. We are focused on finding a solution that is investor-friendly and welcome dialogue with all investors in terms of realising the most effective structure.”

The Company expects to announce plans for a restructuring in the coming weeks.

Press center NJSC "Naftogaz of Ukraine"

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