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RusForest AB – Outcome of Debt-to-Equity Swap Announced

25 February 2013

CorpNordic Sweden AB is the Agent for the maximum 500,000,000 SEK 2011/2018 bonds (ISIN SE0003945385) issued by RusForest AB (publ). As part of RusForest’s debt restructuring plan announced on December 12, 2012, bondholders were offered to subscribe for new shares by way of a setting-off of the subscription price for the shares against their bonds after a reduction of the nominal amount of the bonds. The subscription period for the debt-to-equity swap ended on February 18, 2013. Rusforest has announced that bondholders representing a nominal amount of SEK 260,004,750, corresponding to approximately 98.6 percent of the total outstanding nominal amount of the bonds, participated in the debt-to-equity swap. The bondholders that chose not to participate now hold zero coupon bonds with a reduced total nominal amount of SEK 3,745,250 maturing in May 2018.

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