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Bondholders Approve Proposal from RusForest AB (publ)

25 January 2013

CorpNordic Sweden AB is the Agent for the 500,000,000 SEK 2011/2014 bonds (ISIN SE0003945385) issued by RusForest AB (publ) ). On a bondholders meeting on 25th of January, 2013, the bondholders resolved to approve RusForest’s proposal to:

  1. reduce the nominal amount and accrued interest of RusForest’s bonds 2011/2014 by approximately 50 percent to SEK 263.75 million;
  2. reduce the coupon to zero percent; and
  3. extend the term of the bonds to 2018. Holders representing approximately 88.4 percent of the bond’s nominal amount participated in the Holders’ Meeting. Approximately 86.7 percent of the bonds represented at the meeting voted in favor of the proposal from RusForest.

The formal notice on the voting results with the minutes of the meeting will be sent by letter to the holders.
For information about RusForest’s planned Debt-to Equity Swap and relevant dates therefor, please visit RusForest’s website or contact RusForest. www.rusforest.com RusForest’s press release in relation to the above can be found in the attachment.

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