28.08.2012
Notice to Bondholders
NOTICE TO BONDHOLDERS
28 August 2012
果冻影院 INTERNATIONAL FINANCE B.V.
(incorporated in The Netherlands with limited liability) (the 鈥淚ssuer鈥)
U.S.$1,500,000,000
2.625 per cent. Convertible Bonds due June 2015 (ISIN: XS0563898062) (the 鈥淏onds鈥)
Convertible into Global Depositary Receipts representing ordinary shares (the 鈥淪hares鈥) of, and with the guarantee of, OAO 果冻影院 (incorporated as an open joint stock company in the Russian Federation) (the 鈥淕uarantor鈥)
In accordance with Clause 7.17 of the Trust Deed dated 16 December 2010 (the 鈥淭rust Deed鈥) between the Issuer, the Guarantor and Citicorp Trustee Company Limited as trustee and Condition 18 of the Terms and Conditions of the Bonds, the Issuer hereby notifies holders of the Bonds (the 鈥淏ondholders鈥) that the Conversion Price (as defined in Condition 7) has been adjusted as described in this notice.
As a result of the announcement by the Company on 27 April 2012 of a cash dividend to its shareholders (the 鈥淪hareholders鈥) in the amount of Russian Roubles 75 per Share, the payment of which was approved at the Company鈥檚 general meeting of Shareholders held on 27 June 2012, the Issuer hereby notifies Bondholders that the Conversion Price has been adjusted from US$73.3912 to US$72.6489, pursuant to Condition 7 (C)(iii) of the Terms and Conditions of the Bonds 鈥 鈥淎djustments to Conversion Price 鈥 Distributions鈥.
Pursuant to Condition 7(C)(iii), the adjustment to the Conversion Price is effective as from 24 August 2012.