Quarterly report

Maturity date of the issued bonds:  
the 1092
nd
 (one thousand ninety-second) day after the date of the commencement of the alloca-
tion of the issued Bonds. 
Date (date fixing procedure) as of which the list of bond holders is made for their re-
demption:  
The redemption of the Bonds is made in favor of the Bond holders being as such as of the 
close of the business day of NDC previous to the 3
rd
 (Third) business day before the date of the 
Bonds redemption (“Date of the preparation of the list of Bond holders and/or nominal holders”).  
The redemption of the Bonds in favor of a holder included in the List of holders and/or 
nominal holders of the Bonds shall be recognized to be proper, including in the event of the 
transfer of the Bonds after the Date of the preparation of the list of Bond holders and/or nomi-
nal holders. 
 
Other conditions and manner of the bond redemption:  
The redemption of the bonds is made at par value. 
The bonds redemption shall be made by the payment agent upon the request and at the ex-
pense of the Issuer (“Payment Agent”). 
The bonds redemption shall be made in the currency of the Russian Federation in a cash-
less form in favor of Bond holders. 
It is presumed that nominal holders, depositors of NDC, are authorized to obtain funds 
upon the payment of the Bond redemption amount.  
The fulfillment by the Issuer of its obligations related to the Bonds redemption shall be 
made on the grounds of the list of holders and/or nominal holders, as provided by NDC (“List of 
holders and/or nominal holders”). 

 
179
A depositor of NDC not authorized by their clients to obtain funds upon the payment of 
the Bond redemption amount due shall submit to NDC, before or at 12:00 a.m. (Moscow time) 
of the day preceding the 2
nd
 (Second) business day before the date of the Bond redemption, the 
list of Bond holders which shall contain all the references specified below in the List of holders 
and/or nominal holders of the Bonds. 
If the rights of a Bond holder are recorded by a nominal holder of the Bonds and a 
nominal holder of the Bonds is authorized to obtain the Bonds redemption amount, the nomi-
nal holder shall be presumed to be a person authorized to obtain amounts of the Bonds re-
demption.  
If the rights of the Bond holders are not recorded by a nominal holder of the Bonds or a 
nominal holder is not authorized by the holder to obtain the Bonds redemption, the Bond 
holder shall be presumed to be a person authorized to obtain the Bond redemption.  
On the grounds of the information available or provided by depositors, NDC shall sub-
mit the List of holders and/or nominal holders of the Bonds to the Issuer and/or the Payment 
Agent before or on the 2
nd
 (Second) business day before the date of the Bond redemption.  
The list of holders and/or nominal holders of the Bonds shall include the following in-
formation: 
a) full name of the person authorized to obtain amounts related to the Bond redemption 
(surname, name, patronymic of a holder for an individual);  
b) number of the Bonds recorded at the deposit account of a person authorized to obtain 
amounts related to the Bonds redemption;  
c) location and postal address of a person authorized to obtain amounts related to the 
Bonds redemption; 
d) name and references of the banking account of a person authorized to obtain 
amounts related to the Bonds redemption, namely: 
- number of the account; 
- name of the bank  with which the account is opened; 
- correspondent account of the bank with which the account is opened;  
- banking identification code of the bank with which the account is opened. 
e) taxpayer’s identification number (TIN) of a person authorized to obtain amounts re-
lated to the Bond redemption (if any);  
f) tax status of a person authorized to obtain amounts related to the Bond redemption 
(resident, nonresident with a permanent representative office in the Russian Federation, non-
resident without a permanent representative office in the Russian Federation, etc.); 
g) code of the reason of the registration (KPP) of a person authorized to obtain amounts 
of the revenue and/or redemption of the Bonds. 
In addition to the aforesaid information, the nominal holder shall provide NDC with, 
and NDC shall include in the List of holders and/or nominal holders of the Bonds the follow-
ing information regarding individuals and legal entities being nonresidents of the Russian 
Federation, being Bond holders, irrespective of whether a nominal holder is authorized to ob-
tain Bond redemption amounts or not: 
a) if a Bond holder is a legal entity – nonresident: 
- individual identification number (IIN) ( if any); 
b) if a Bond holder is an individual: 
- kind, number, date and the place of the issue of the identity document of  the holder, 
name of the issuing authority; 
- day, month, and year of birth of the holder; 
- place of the registration and postal address, including postal code, of the holder; 
- tax status of the holder; 
- number of the  holder’s State pension registration certificate (if any); 
- TIN of the holder (if any). 
Bond holders (holder), their authorized persons, including depositors of NDC shall pro-
vide NDC with the required information in a timely manner and independently monitor the 

 
180
completeness and actuality of information submitted to NDC. They shall run all the risks con-
nected with the non-submission/delayed submission of the information.  
In the event of the failure of aforesaid persons to provide NDC with the said references 
required for the fulfillment by the Issuer of its Bond obligations, the fulfillment of such obliga-
tions shall be made in favor of a person who claimed the fulfillment of the obligations and be-
ing a holder of the Bonds as of the date of the claim submission. In this case, the fulfillment by 
the Issuer of obligations related to the Bonds shall be made based on information of NDC. In 
this case, obligations of the Issuer shall be deemed to have been duly fulfilled in full. If refer-
ences of a banking account or other information required for the fulfillment by the Issuer of its 
obligations under the Bonds, as provided by a holder or a nominal holder or available with the 
Depositary, do not allow the Payment Agent to transfer funds in a timely manner, such delay 
shall not be considered as a delay in the fulfillment of obligations under the Bonds and a 
holder of the Bonds shall not be authorized to require the accrual of the interest or other com-
pensation for such delay in the payment. In cases provided by the agreement with NDC, the 
Issuer shall be authorized to require the confirmation of such information by data related to 
the rights recorded with regard to the Bond.  
The Bond redemption in favor of a holder included in the List of holders and/or nomi-
nal holders of the Bonds shall be recognized to be due, including in the event of the transfer of 
the Bonds after the Date of the preparation of the list of holders and/or nominal holders of the 
Bonds. 
Before  or  on  the  2
nd
 (Second) business day before the date of the redemption of the 
Bonds, the Issuer shall transfer the required funds to the Payment Agent’s account.  
On the grounds of the List of holders and/or nominal holders of the Bonds for the re-
demption, as provided by the NDC, the Payment Agent shall calculate the amounts of funds 
due to each of the persons authorized to obtain redemption amounts on the Bonds. 
On the date of the redemption of the Bonds, the Payment Agent shall transfer the re-
quired funds to accounts of persons authorized to obtain Bond redemption amounts, as pro-
vided by the List of holders and/or nominal holders of the Bonds. 
If a person is authorized to obtain redemption amounts under the Bonds by several 
Bond holders, the aggregate amount shall be amounted to such person without breaking it 
down by Bond holders. Nominal holders of the Bonds not being holders of the Bonds shall 
transfer funds obtained for the Bonds redemption due to holders of the Bonds in the manner 
determined between a nominal holder of the Bonds and a holder of the Bonds. 
Upon the redemption of the Bonds the coupon yield shall be also paid for the last cou-
pon Period.  
If the date of the Bonds redemption falls on a holiday, whether it is a State holiday or a 
holiday for settlement transactions, the payment of the amount due shall be made on the first 
business day following the holiday. The Bond holder shall be authorized to require the interest 
accrual or any other compensation for such delay in payment. 
Debiting deposit accounts upon the redemption shall be made after the fulfillment by 
the Issuer of all the obligations to holders of the Bonds upon the payment of revenues and the 
nominal value of the Bonds. 
The redemption of the certificate shall be made after the transfer of all the Bonds from 
the deposit account of NDC. 
 
The amount of the interest (coupon) yield on bonds, manner and conditions of its payment shall 
be as follows: 
 
Procedure for the determination of the yield 
 
Coupon (interest) period 
Coupon (interest) yield rate 
Commencement date 
Completion date 
 
 

 
181
1. Coupon: The interest rate for the first coupon – C(1) – shall be determined by holding the tender among the 
potential buyers of the Bonds on the date of the commencement of the Bonds allocation. The manner and condi-
tions of the tender are specified in item 8.3 of the Resolution on the issue of securities and item 2.7 of the Securi-
ties Prospectus. 
Date of the commence-
ment of the Period of the 
first coupon shall be the 
date of the commence-
ment of the Bonds allo-
cation  
Date of the completion 
of the Period of the first 
coupon shall be the 
182
nd
 (One hundred 
and eighty-second) day 
after the date of the 
commencement of the 
Bonds allocation. 
The amount of payments on the first coupon per Bond 
shall be calculated under the following formula:  
К(1)= C(1) * N * (T(1) - T(0))/ 365/ 100 %, where 
K(1) – amount of payments on the first coupon per 
Bond, Rb; 
N – nominal value of one Bond, Rb; 
C(1) –interest rate for the first coupon, interest per 
annum; 
T(0) – date of the commencement of the first coupon 
Period; 
T(1) - date of the completion of the first coupon Pe-
riod; 
2. Coupon: The interest rate for the second coupon – C(2) – shall be fixed to be equal to the interest rate for the 
first coupon. 
Date of the commence-
ment of the Period of the 
second coupon shall be 
the 182
nd
 (One hundred 
and eighty-second) day 
after the date of the 
commencement of the 
Bonds allocation. 
Date of the completion 
of the Period of the 
second coupon shall be 
the 364
th
 (Three hun-
dred and sixty-fourth) 
day after the date of the 
commencement of the 
Bonds allocation. 
The amount of payments on the second coupon per 
Bond shall be calculated under the following formula: 
К(2)= C(2) * N * (T(2) - T(1))/ 365/ 100 %, where 
K(2) – amount of payments on the first coupon per 
Bond, Rb; 
N – nominal value of one Bond, Rb; 
C(2) –interest rate for the first second, interest per an-
num; 
T(1) – date of the commencement of the second coupon 
Period; 
T(2) - date of the completion of the second coupon Pe-
riod; 
3. Coupon: The interest rate for the third coupon – C(3) – shall be fixed to be equal to the interest rate for the first 
coupon. 
Date of the commence-
ment of the Period of the 
third coupon shall be the 
364
th
 (Three hundred 
and sixty-fourth) day 
after the date of the 
commencement of the 
Bonds allocation. 
Date of the completion 
of the Period of the 
third coupon shall be 
the 546
th
 (Five hundred 
and forty-sixth) day 
after the date of the 
commencement of the 
Bonds allocation. 
The amount of payments on the third coupon per Bond 
shall be calculated under the following formula:  
К(3)= C(3) * N * (T(3) - T(2))/ 365/ 100 %, where 
K(3) – amount of payments on the first coupon per 
Bond, Rb; 
N – nominal value of one Bond, Rb; 
C(3) –interest rate for the third coupon, interest per 
annum; 
T(2) – date of the commencement of the third coupon 
Period; 
T(3) - date of the completion of the first coupon Pe-
riod; 
4. Coupon: The interest rate for the fourth coupon – C(4) – shall be fixed to be equal to the interest rate for the 
first coupon. 
Date of the commence-
ment of the Period of the 
fourth coupon shall be 
the 546
th
 (Five hundred 
and forty-sixth)  day af-
ter the date of the com-
mencement of the Bonds 
allocation. 
Date of the completion 
of the Period of the 
fourth coupon shall be 
the 728
th
 (Seven hun-
dred and twenty-eighth) 
day after the date of the 
commencement of the 
Bonds allocation. 
The amount of payments on the fourth coupon per 
Bond shall be calculated under the following formula: 
К(4)= C(4) * N * (T(4) - T(3))/ 365/ 100 %, where 
K(4) – amount of payments on the first coupon per 
Bond, Rb; 
N – nominal value of one Bond, Rb; 
C(4) –interest rate for the fourth coupon, interest per 
annum; 
T(3) – date of the commencement of the fourth coupon 
Period; 
T(4) - date of the completion of the first coupon Pe-
riod; 
5. Coupon: The interest rate for the fifth coupon – C(5) – shall be fixed to be equal to the interest rate for the first 
coupon. 
Date of the commence-
ment of the Period of the 
Date of the completion 
of the Period of the 
The amount of payments on the fifth coupon per Bond 
shall be calculated under the following formula:  

 
182
fifth coupon shall be the 
728
th
 (Seven hundred 
and twenty-eighth) day 
after the date of the 
commencement of the 
Bonds allocation. 
fifth coupon shall be 
the 910
th
 (Nine hundred 
and tenth) day after the 
date of the commence-
ment of the Bonds allo-
cation. 
К(5)= C(5) * N * (T(5) - T(4))/ 365/ 100 %, where 
K(5) – amount of payments on the first coupon per 
Bond, Rb; 
N – nominal value of one Bond, Rb; 
C(5) –interest rate for the fifth coupon, interest per 
annum; 
T(4) – date of the commencement of the fifth coupon 
Period; 
T(5) - date of the completion of the first coupon Pe-
riod; 
6. Coupon: The interest rate for the sixth coupon – C(6) – shall be fixed to be equal to the interest rate for the first 
coupon. 
Date of the commence-
ment of the Period of the 
sixth coupon shall be the 
910
th
 (Nine hundred and 
tenth)  day after the date 
of the commencement of 
the Bonds allocation. 
Date of the completion 
of the Period of the 
sixth coupon shall be 
the 1092
nd
 (One thou-
sand ninety-second) 
day after the date of the 
commencement of the 
Bonds allocation. 
The amount of payments on the sixth coupon per Bond 
shall be calculated under the following formula:  
К(6)= C(3) * N * (T(6) - T(5))/ 365/ 100 %, where 
K(6) – amount of payments on the first coupon per 
Bond, Rb; 
N – nominal value of one Bond, Rb; 
C(6) –interest rate for the sixth coupon, interest per 
annum; 
T(5) – date of the commencement of the sixth coupon 
Period; 
T(6) - date of the completion of the first coupon Pe-
riod; 
 
The amount of the payment on any of the coupons per Bond shall be determined to within one kopeck (the round-
up is made according to the mathematical round-up rules. Further, the mathematical round-up rule shall mean a 
round-up method according to each a value of an integer kopeck (integer kopecks) does not change if the first 
digit after the rounded one varies from 0 to 4, and increases by one if the first digit after  the rounded one varies 
from 5 to 9). 
 
The manner and terms of the payment of the bond yield, including the manner and term of the 
yield payment for each coupon. 
 
Coupon (interest) period 
Term (date) of the pay-
ment of the coupon (in-
terest) yield  
Date of the preparation 
of the list of the bond 
holders for the payment 
of the coupon (interest) 
yield  
Date of the 
commencement 
Date of the completion 
 
 
1. Coupon: The interest rate for the first coupon – C(1) – shall be determined by holding the tender among poten-
tial buyers of bonds as of the date of the commencement of the Bonds allocation. The manner and conditions of 
the tender are specified in item 8.3 of the Resolution on the issue and item 2.7 of the Securities Prospectus. 
Date of the commence-
ment of the first coupon 
Period shall be the date 
of the commencement of 
the Bonds allocation. 
 
Date of the completion 
of the first coupon Pe-
riod shall be the 182
nd
 
(One hundred and 
eighty-second) day after 
the date of the com-
mencement of the 
Bonds allocation. 
 
Date of the payment of the 
coupon yield for the first 
coupon shall be the 182
nd
 
(One hundred and eighty-
second) day after the date 
of the commencement of 
the Bonds allocation. 
 
The payment of the Bond 
yield shall be made in 
favor of holders of the 
Bonds being as such as of 
the end of the business 
day of NDC previous to 
the 3
rd
 (Third) business 
day before the date of the 
payment of the yield on 
the Bonds.