OREANDA-NEWS. April 05, 2012. Globaltrans Investment PLC (the “Company” and together with its consolidated subsidiaries “Globaltrans” or the “Group”; LSE ticker GLTR) announces that as part of the Group’s CAPEX programme to acquire up to 10,000 railcars for delivery in 2012, its subsidiaries have this year to date signed contracts for the purchase of 6,238 gondola cars and 1,000 rail tank cars in total. The railcars under these contracts are expected to be delivered by the end of June 2012. In aggregate, with the contracts previously signed at the end of 2011, the Group has now contracted 9,988 railcars, therefore successfully achieving its 2012 target for railcar purchases. As previously announced, this capital expenditure programme will be financed through the Group’s own funds as well as through borrowings.

Commenting on today’s announcement Sergey Maltsev, CEO of Globaltrans Investment PLC, said:

“I am pleased to report that we continue to deliver on our promises to shareholders and have achieved our 2012 CAPEX target of acquiring 10,000 railcars. As in 2009, we have adhered to our strategy of opportunistic growth and given the current environment of decreased railcar prices combined with strong demand for our services, we have taken the opportunity to significantly increase our owned fleet. These new railcars will enable us to address the additional transportation needs of our clients, substitute part of our leased-in fleet and serve to enhance further our strong position as a leading independent private freight rail group in Russia. We continue to analyse any potential growth opportunities thoroughly with the aim of expanding our business further this year on an opportunistic basis.”