News

Global Ports Investments PLC (“Global Ports” or the “Company”, together with its subsidiaries and joint ventures, the “Group” or the “Global Ports Group”; LSE ticker: GLPR) announces the issue of USD 350 million Reg S / Rule 144A Eurobonds maturing in January 2022 with the coupon rate of 6.872% per annum paid semi-annually (“Eurobonds”). The Eurobonds were issued by Global Ports (Finance) PLC, a 100% indirect subsidiary of Global Ports Investments PLC.

This Eurobond issue enables the Group to further diversify its sources of funding. The net proceeds fr om the offering will be used for the repayment of existing indebtedness of the Group, complementing the Group’s refinancing at the end of 2015 and earlier this year through the issue of RUB 15 billion of local bonds swapped into US dollars. As of the end of April 2016, the share of public borrowings in the Company’s debt portfolio is expected to increase to approximately 50%, while the share of fixed rate borrowings is expected to increase to almost 70%.

Not for general distribution in any jurisdiction where to do so would be unlawful.

Nothing in this announcement constitutes an offer of securities for sale, or a solicitation of an offer to buy securities, nor there any sale of securities in the united states, united kingdom, russian federation, canada, japan, australia or any other jurisdiction wh ere such offer, solicitation or sale would be unlawful. the securities to which this announcement relates have not been, and will not be, registered under the u.s. securities act of 1933, as amended (the “securities act”), and, subject to certain exceptions, may not be offered or sold within the united states.

This announcement or information contained therein is not an offer, or an invitation to make offers, to sell, exchange or otherwise transfer securities in the russian federation to or for the benefit of any russian person or entity and does not constitute an advertisement or offering of securities in the russian federation within the meaning of russian securities laws. information contained in this announcement is not intended for any persons in the russian federation who are not “qualified investors” within the meaning of article 51.2 of the federal law no. 39-fz “on the securities market” dated 22 april 1996, as amended (the “russian qis”) and must not be distributed or circulated into russia or made available in russia to any persons who are not russian qis, unless and to the extent they are otherwise permitted to access such information under russian law. the notes have not been and will not be registered in russia and are not intended for “placement” or “circulation” in russia (each as defined in russian securities laws) unless and to the extent otherwise permitted under russian law.