Kazakhstan Kagazy plc (“Group/Company”) announces that it has agreed terms with the European Bank for Reconstruction and Development (“EBRD”) in relation to the Restructuring of the Group’s loan with EBRD of $ 38.6 mln. USD (“The Restructuring”). EBRD loan restructuring is depending on further documentation preparation and formalization. The completion of the Restructuring is subject to final documentation which is anticipated to be signed in the third quarter of 2011.
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For more information, please visit www.kazakhstankagazy.com or contact:
Kazakhstan Kagazy JSC
Nellya Kim, Press Centre                                 +7 727 244 87 96

SP Angel Corporate Finance LLP
David Facey

John Mackay                                                   +44 20 3463 2260