Russia-Meat company Bond offering.

RUSSIA-MEAT COMPANY OFFERS BONDS.

Meatland Food Group (St Petersburg) has placed offer on purchase of bonds of series 01 which have been still in the market to the total amount of 1 bln. rubles. Pursuant to the company’s official documents, it is going to acquire securities with nominal value of 1 thousand rubles under the eighth coupon period within the last five calendar days (from February 13, 2009 till February 17, 2009). The bonds are to be acquired on February 20, 2009. Earlier, in February 2008, Meatland Food Group reacquired 30.57% of bonds of series 01 within the offer. Total number of acquired securities was 305 699 (nominal value of 100 rubles and redemption of accrued income under the purchased bonds of 376 thousand 9 rubles).

Price for bond acquisition is determined as 100% of nominal value discounting of accrued coupon income, which shall be paid to the bond seller apart from the specified price of acquisition.

The bond issue of series 01 to the bearer of ZАО Meatland Food Group was placed on February 20, 2007. The bonds shall mature in three years. State registration number 4-01-18012-J was assigned on November 9, 2006. The funds attracted during the bond placement were to be spent on construction of large distribution centre in Moscow (25%), equipping of meat processing plant in Vsevolozhsk (Leningrad Region, 25%), and on expansion of the company’s special truck fleet (15%). The rest funds were to be directed to restructuring of operating assets of Meatland Group.