. METINVEST BV 10.25 31/01/16, ISIN XS0511379066.

09.01.2017

, Π-ʻ Euroclear Bank N.A. , .

: ISIN :
(INFO) XS0511379066 METINVEST BV10.25 31/01/16 29.12.2016

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INFORMATION SOURCE: AGENT, LUCID, LONDON
. THIS PRACTICE STATEMENT LETTER RELATES TOTHE SCHEME AND IS WRITTEN PURSUANT TOAND INACCORDANCE WITH THE PROCEDURE AND GUIDANCE LAIDDOWN BYTHE COURT INTHE PRACTICE STATEMENT. THE PURPOSE OFTHIS LETTER ISTOINFORM YOU OF: (A) THE OBJECTIVE WHICH THE SCHEME ISDESIGNED TOACHIEVE, (B) THE COMPANYS INTENTION FORMALLY TOPROPOSE THE SCHEME TOITS NOTEHOLDERS AND ITS PXF LENDERS, THE COMPANYS INTENTION TOAPPLY TOTHE COURT TOSEEK AN ORDER CONVENING MEETINGS OFTHE SCHEME CREDITORS OFTHE COMPANY FOR THE PURPOSE OFCONSIDERING AND, IFTHOUGHT FIT, APPROVING THE SCHEME, (D) CERTAIN JURISDICTIONAL POINTS ASREGARDS THE SCHEME, AND (E) THE COMPOSITION OFTHE MEETINGS OFSCHEME.
THE PURPOSE OFTHE SCHEME ISTOIMPLEMENT THE PROPOSED RESTRUCTURING. FOR THE REASONS SET OUT INTHIS LETTER THE COMPANY PROPOSES THAT SCHEME CREDITORS VOTE ONTHE SCHEME INTWO SEPARATE CLASS MEETINGS. THERE WILLBE ONE CLASS MEETING FOR ALLNOTES SCHEME CREDITORS AND ASEPARATE CLASS MEETING FOR ALLPXF SCHEME CREDITORS.
PLEASE REFER TOTHE DOCUMENTATION FOR MORE DETAILS
THIS CORPORATE ACTION NOTIFICATION DOES NOT CONSTITUTE ANOFFER TOSELLOR THE SOLICITATION OFANOFFER TOBUY ANY SECURITIES BY ANYONE INANY JURISDICTION.
ITISNOT, AND SHOULDNOT BECONSTRUED ORTREATED AS, INVESTMENT ORFINANCIAL ADVICE. INPROVIDING THIS INFORMATION, EUROCLEAR BANK ISNOT ACTING ASAGENT OFTHE ISSUER.
BYSENDING ANINSTRUCTION TOEUROCLEAR BANK, YOU CONFIRM THAT YOU (AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) COMPLY WITH THE TERMS AND CONDITIONS OFTHE CORPORATE EVENT AND COMPLY WITH APPLICABLE LOCAL LAWS ORREQUIREMENTS, INCLUDING BUT NOT LIMITED TOHOLDING AND TRANSFER RESTRICTIONS.
IFHOLDING AND TRANSFER RESTRICTIONS WOULDPROHIBIT YOU (AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) TOHOLDTHE PROCEEDS OFA CORPORATE EVENT INYOUR ACCOUNT INEUROCLEAR BANK, YOU (AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) MUST ENSURE TOSEND AN INSTRUCTION TOALLOW THE TRANSFER OFTHESE PROCEEDS TOANACCOUNT OUTSIDE THE EUROCLEAR SYSTEM.

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Π-ʻ , Euroclear Bank N.A.