PSN GROUP: NEW REPRESENTATIVE OF BOND OWNERS TO BE ELECTED

16/02/2018

Dear Bondholders,

On February 8, 2018, it was announced that a General Meeting of Bondholders would convene regarding the selection of a new Representative of owners of Series 01 and Series BO-P01 bonds.

The current Representative is Absolut Bank PAO.

The General Meeting of Bondholders will be held on February 26 (with voting in absentia).

For matters relating to the registration of voting ballots, please contact Sergey Volkov, tel. +7 (495) 122 05 17.

Please note the coupon payment dates:

i. For Series 01 bonds — March 22, 2018

ii. For Series BO-P01 bonds — March 26, 2018

Payment on demand by bondholders (Series 01) — March 26, 2018.

PR Department

PSN Group

+7 (495) 363 2023

pr@psngroup.ru