OREANDA-NEWS. April 15, 2010. Raspadskaya (RTS, MICEX: RASP) (“Raspadskaya” or “the Company”), one of Russia’s leading coking coal producers, announces today its preliminary operating results for 1Q2010.

In 1Q2010, the Company increased its sales volumes by 72% YoY and decreased it by 10% QoQ as a result of abnormal cold weather conditions for a long period of time and technical production disruptions. In 1Q2010, weighted average price for Raspadskaya coking coal concentrate amounted to RUB 2 989/tonne (USD 100/tonne) on FCA Mezhdurechensk basis, taking into account price change on the Russian market for February-March 2010.

Raspadskaya increased export sales when meeting its contractual obligations with Russian customers. In 1Q2010, export sales share to Ukraine and Asia amounted to about 40% and 60% from total export sales volumes respectively.

Gennady Kozovoy, Raspadskaya’s CEO, commented:

“Completion of deliveries in 1Q2010 and changes in global contractual system stimulated a high commercial activity on Russian coal market. Raspadskaya has already fixed sales price for Russian market for 2Q2010 (April-June) at the level of RUB3,800/tonne (USD 130/tonne) on FCA Mezhdurechensk basis for semi-hard coking coal and expressed its readiness to discuss longer contracts length.

In April 2010, Raspadskaya took part in the first coking coal exchange trading and sold its production at the average price of RUB3,828/tonne on FCA Mezhdurechensk basis. We increased Asian sales share in the total export sales volumes and keep on concluding new contracts with clients from Japan, China, Korea”.