Mriya Agro Holding / Key word(s): Liquidity Problem
12.09.2014 12:13

Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Notice to 2016 and 2018 Noteholders

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SECURITIES. ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, IF ANY, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (IF THEY ARE IN THE UNITED KINGDOM) OR ANOTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER AND TAKE SUCH OTHER ADVICE FROM THEIR OWN PROFESSIONAL, TAX AND LEGAL ADVISERS AS THEY DEEM NECESSARY IMMEDIATELY.
NOTICE TO NOTEHOLDERS

MRIYA AGRO HOLDING PUBLIC LIMITED

U.S.$400,000,000 9.45 PER CENT. NOTES DUE 2018

ISINs: XS0916902256 / US62476KAB61

U.S.$250,000,000 10.95 PER CENT. NOTES DUE 2016

ISINs: XS0559140875 / US62476KAA88

12 SEPTEMBER 2014

Reference is made to the notices to Noteholders dated 1 and 13 August 2014 (the "Previous Notices") in which the Issuer provided to Noteholders certain information concerning the financial condition of Mriya Agro Holding Public Limited (the "Issuer" or "Mriya") and its subsidiaries (the "Group"). This is an update to the Previous Notices. Capitalised terms used and not defined in this notice shall have the meanings set out in the Previous Notices.

Update on changes in the Board structure and management team
As mentioned in the notice dated 13 August 2014, and following the extraordinary shareholder meeting held on 26 August 2014 ("EGM"), two independent directors, Dr. Thomas Pütter and Hans Christian Jacobsen, together with Mr. Andriy Buryak, the former Chief Financial Officer, have now left Mriya's Board of Directors ("Board").

The Group announces the following further changes to the Board:
- Mr Daniel Hasler resigned from the Board at the EGM; and
- Mr. Andriy Naumenko, CEO of Mriya, was appointed to the Board at the     EGM.

As a result, the Board currently comprises Mr. Mykola Guta, Mr. Vladyslav Lugovskiy and Mr. Andriy Naumenko. The Group continues to retain the services of Kincannon & Reed to assist in its search for new independent directors.

Mriya is pleased to announce that Mr. Oleksandr Cherniavskyi has joined the Group as its new Chief Financial Officer. Mr. Cherniavskyi has previously worked at international firms of accountants including Andersen, Deloitte and E&Y, and has subsequently held CFO positions in large Ukrainian companies (Interpipe Group and Ukrtelecom). In his previous positions he has had experience in restructuring, capital markets and crisis management. As such, the Board believes that Mr Cherniavskyi has the necessary skills and experience to help steer the Group successfully through its current financial circumstances.

Review of Financial Statements 

As earlier announced (in the notice dated 13 August 2014), Mriya has provided corporate guarantees of approximately US$200 million in debt obligations with respect to certain related parties. The management team of Mriya is currently reviewing the details of historical guarantees grant practices and their impact on the financial statements in order to decide whether previously issued financial statements require amendments. The results of this review will be discussed with Ernst&Young Cyprus Limited (as independent auditor of the Group). Accordingly, the 2013 financial statements and similar communications issued by the company should not be relied upon pending completion of the review.

Queries may be addressed to e-mail ir@mriya.ua.


12.09.2014 The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Mriya Agro Holding
19/21a Bogdana Khmelnytskogo St., 15th floor               01030 Kyiv
              Ukraine
Phone:        +38 044 393-47-93
Fax:          +38 044 393-47-93
E-mail:       info@mriya.ua
Internet:     www.mriya.ua
ISIN:         US62476F2002
Listed: Frankfurt in Open Market (Entry Standard) ; London  
End of Announcement EquityStory.RS, LLC News-Service  

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