13.06.2016

MAIL.RU GROUP LIMITED Early repayment of Gazprombank loan facility

Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as 'the Company' or 'the Group'), one of the largest Internet companies in the Russian-speaking Internet market, today announces that it has undertaken the early repayment of the Gazprombank loan facility. With the early repayment of the loan all related covenants have now been removed with immediate effect.

The RUB 22.2bn loan facility was taken in September 2014 to partly fund the acquisition of the remaining 48.01% of VK and was a fixed interest, 4 year term loan facility. At the Q1 2016 trading update on 21 April 2016 the company announced that it had moved into a net cash position of RUB 573m. Since then the company has received the second tranche of the payment connected with the sale of Headhunter and the cash generative capability of the business remains unchanged.

mail.ru Group Ltd. published this content on 13 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 June 2016 06:19:02 UTC.

Original documenthttps://corp.mail.ru/en/press/releases/9638/

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