On December 27, 2011 placement of 2 million bonds of JSC TGC-1 of series 03 with a nominal value of 1 thousand rubles each for the period of 10 years by open subscription will start at MICEX stock exchange. The state registration number of the issue is FFMS 4-03-03388-D dated December 08, 2011. JSC IC Leader is acting as the loan manager.

Interest rate for the 1st coupon was defined according to the Decision on the issue and prospectus of Securities.

“Interest rate was calculated according to the principle “inflation rate plus 1.5%” – explained the Director for Economics and Finance of JSC TGC-1 Kirill Lykov – this is 10.3% per annum or 51 rubles 36 kopecks per one bond”.

On December 20, 2011 the directorate of MICEX stock exchange made a decision on including bonds of JSC TGC-1 series 03 into “A” quotation list of the first level.

The funds from placing bonds will be used to finance the high-priority projects of the Investment programme.