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    PPF Group confirms Nomos share swap
    08/13/2012

    PPF Group N.V. confirms the information provided by Otkritie Financial Corporation in its press release dated 13 August 2012 regarding the exchanges of 18,392,052 shares in Nomos Bank for shares in Uralkali. At the date of the execution of the transaction, this values one Global Depository Receipt (GDR) in Nomos at $13.93 per GDR.

    Through several transactions PPF sold its 26.5% stake in the Russian private bank in order to invest in the further development of its key assets in Russia and to fund expansion in the fast-growing Asian markets.

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