OREANDA-NEWS. August 15, 2012. Globaltrans Investment PLC (“Globaltrans” and together with its consolidated subsidiaries, the “Group”; LSE ticker: GLTR) announces that it has completed the rebranding of LLC Metalloinvesttrans (“MIT” or the “Company”). From August 2012, MIT will operate under the brand of “Ferrotrans”.

The decision to rebrand was taken after Globaltrans completed the acquisition in May 2012 of 100% of MIT from Metalloinvest, a leading global iron ore and HBI[1] producer based in Russia As part of the transaction, Globaltrans and Metalloinvest agreed a three-year service contract. In accordance with this contract, Globaltrans will provide rail freight transportation and logistics services to Metalloinvest, handling 100% of all its rail transportation cargo volumes in the first year based on agreed pricing terms and 60% in the following two years based on a “right of first refusal” principle.

Anastasia Lazareva, Chief Executive Officer of LLC Ferrotrans, commented: “Ferrotrans is one of the major freight operators specialising in metallurgical cargo and will continue to focus on transporting cargo for Russia’s mining and metals industry. That’s why we chose a new name that reflects the Company’s business which is derived from ferrum, the Latin for ‘iron’.”

Following this development, the first stage of the Company’s rebranding has been completed. LLC Ferrotrans was registered in the Unified State Register of Legal Entities. The rest of the rebranding programme, which includes both technical and communication activities, will be completed by the end of 2012.