OREANDA-NEWS. October 12, 2015. PrivatBank hereby announces that the US\\$70 million 5.799 per cent. Loan Participation Notes to be issued by (but without recourse to) UK SPV Credit Finance plc (the “Issuer”) and privately placed with the Shareholder as previously announced on 1 October 2015 have been issued.

The Issuer has issued the Notes to the Shareholder without recourse at par for the sole purpose of funding a subordinated loan to PrivatBank. PrivatBank intends to use the proceeds of the Notes and the subordinated loan to increase its capital.

PrivatBank continues to remain open to a dialogue with its investors and bondholders as it goes through a debt re-profiling process, and would request that any enquiries regarding the Notes or the previously announced re-profiling of the subordinated notes due February 2016 be directed as set forth below.