OREANDA-NEWS. PJSC Mostotrest (hereinafter - the Company or Mostotrest) announces that on 18 May 2015, the Company received a public (mandatory) buy-back offer to holders of securities from JSC TFK-Finance (hereinafter - TFK-Finance). On 29 April 2015, TFK-Finance became the owner of 63.6% of the Company's shares, following acquisition of 38.6%, or 109,012,512 shares of Mostotrest from Marc O'Polo Investments Ltd.

In accordance with the buy-back offer:

· All holders of Mostotrest securities (102,649,105 shares) are entitled to present their shares for redemption at a price of RUB92.13 per ordinary share;

· The mandatory buy-back offer acceptance deadline (the period within which a notice of sale of securities is to be received by the person who has submitted a mandatory offer): within 75 calendar days of receipt of mandatory buy-back offer by the Company;

· The period during which the securities are to be credited to the securities account of TFK Finance: not later than 15 calendar days from the date of expiry of the mandatory offer acceptance deadline;

· Purchased securities will be paid in cash in rubles not later than 15 calendar days from the date of making the corresponding credit entry in the deposit account of TFK Finance.

Mostotrest within 15 calendar days from the date of receipt of the mandatory buy-back offer is required to submit the said offer together with recommendations of the Board of Directors of the Company to all holders of securities to which the offer is addressed.

The list of holders of the securities being purchased shall be made on the basis of the register of holders of securities as at 18 May 2015, the date of receipt of the offer by the Company.