Financed ProjectsVyksa Plate Mill

Identification Code:

OP/09/0763

Total Operation Cost:

55.000.000

Maturity:

120 months

Operation Status:

Description and Purpose of the Operation:

Senior secured corporate loan to OAO Vyksa Steel Works with proceeds earmarked for the construction and operation of plate mill 5000.

Countries of Operation:

Russia (100,00 %)

Financial Product:

Loans

Sector:

Materials

Domain:

Private

Borrower/Client:

The Company is part of United Metallurgical Company (the "OMK"), one of Russia's largest rivate companies. Within OMK pipe division, Vyksa Steel Works is a leading supplier of large iameter pipes (the "LDP").

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Operation will boost export potential of the Black Sea region. Directly - via exports of DPs and indirectly by supporting large pipeline for the exports of hydrocarbons, connectingmarkets of BSTDB area with Western Europe.

Environmental Classification and Impact (summary):

Generally, the negative EH&S impacts are not likely to be significant and can be avoided and/or itigated by adhering to generally recognized performance standards, guidelines and design criteria for Plate Rolling Mills. Environmental Assessment shall focus primarily on the project's legal compliance with national EH&S legislation and Bank's subject requirements, the onsidered mitigation/minimization measures, internal EH&S management arrangements as wellas the Borrower ' s general EH&S performance .

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org