OREANDA-NEWS  On 06 March LOCKO Bank announced a public tender to repurchase up to RUR 1.1 bln of its RUR 3 bln LPN due in July 2009 and up to USD 20 mln of its USD 100 mln LPN due in March 2010. Deutsche Bank AG, London Branch was appointed as a tender agent on this program. Relevant announcement was published on Friday, 27 February 2009, via Euroclear and Clearstream and via the news system of the London Stock Exchange.

Current Eurobonds repurchase offer is aimed at optimizing the volume and structure of LOCKO Bank’s external indebtedness, thus providing further comfort to its investors. Moreover, due to its strong liquidity position and assuming the current high yield to maturity of its Eurobonds, LOCKO Bank intend to maximize profitability on its securities operations.