The Ministry of Finance of Ukraine has Mandated International Investment Banks in Connection with a Proposed Notes Offering and Switch Tender Offer

The Ministry of Finance of Ukraine has mandated certain international investment banks in connection with a proposed USD senior unsecured benchmark RegS/144A notes offering with a maturity of “long” 12-years. FCA/ICMA stabilisation applies. Ukraine also plans to launch tomorrow, on Wednesday, 1st July 2020, an accelerated switch tender offer for certain of Ukraine’s existing notes due 2021 and 2022 up to US$750 mm in conjunction with the issuance of new notes.

This press release does not contain or constitute an offer of, or the solicitation of an offer to buy securities to any person in the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful, and persons into whose possession this press release comes should inform themselves about, and observe, any such restrictions. The securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act"), or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of securities in the United States.

This press release is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as relevant persons). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this press release or any of its contents.

This press release is not an advertisement of securities in Ukraine and is not an offer or invitation to, or solicitation of, any such circulation, distribution, placement, sale, purchase, or other transfer of the securities in the territory of Ukraine.