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Integra brochure
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March 20, 2009

Integra Group repays a total US$217 million of its short term debt

Moscow, March 20, 2009

Integra Group (LSE:INTE), a leading Russian independent provider of onshore oilfield services and manufacturer of oilfield services equipment, announces the disbursement of funds to the payment agent National Depositary Center (NDC) for timely repayment of its RUB2.0 billion (US$59 million) bond. Since February 25, 2009 the Group has paid down a total of US$ 217 million in its short term debt, which included the following loans and bonds:

  • US$ 135 million bridge loan with ABN AMRO and ING Bank N.V;
  • RUB 600 million (US$16.6 million) loan from Uralsib;
  • EUR 2.4 million (US$3.0 million) loan from Commerzbank;
  • RUB 100 million (US$2.8 million) loan from Alfa Bank;
  • RUB 2 billion (US$59 million) 1st tranche of Russian Ruble bonds; and
  • US$ 0.4 million other short term debt

The loans were repaid using the proceeds from the US$250 million facility from EBRD and a syndicate of commercial banks. Following the repayments and partial drawdown of the EBRD loan, the Group has the following debt currently outstanding:

  • US$ 225 million loan from EBRD with multiple tranches maturing in December, 2011 and December, 2013
  • RUB 600 million (US$17.7 million) loan from Sberbank maturing in October, 2009;
  • RUB 100 million (US$ 2.96 million) loan from Sberbank with final maturity in April, 2011;
  • RUB 3 billion (US$ 88.7 million) 2nd tranche of Russian Ruble bonds, maturing in 2011 with a one-time put option in December, 2009; and
  • US$ 2.3 million other short term debt.

Notes to editors

About Integra Group:

Integra Group is a leading Russian independent provider of onshore oilfield services and is also a leading manufacturer in the Russian Federation of drilling rigs with heavy lifting capacity, cementing equipment and certain specialized equipment used in the exploration, development and production of oil and gas.

Integra Group operates in the drilling, workover, seismic and geophysics sectors and manufactures oilfield services equipment. Integra has oilfield services operations in all major oil and gas producing regions in Russia and in many other CIS countries. The companyís customer base includes major Russian and international oil and gas companies operating in Russia and CIS.

Established in March 2004, Integra Group has, through 17 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian market and employs more than 20 000 people.

Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).


Andrei Machanskis
Head of Investor Relations

Phone: +7 (495) 933 0621 E-mail: amachanskis@integra.ru
Sergey Beldinsky
Head of Public Relations

Phone: +7 (495) 933 0621 E-mail: sbeldinsky@integra.ru

Forward looking statements: Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Integra Group. You can identify forward-looking statements by terms such as «expect,» «believe,» «anticipate,» «estimate,» «intend,» «will,» «could,» «may» or «might,» or the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. Integra Group does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in Integra Groupís projections or forward-looking statements, including, among others, general economic and market conditions, Integra Groupís competitive environment, risks associated with operating in Russia, rapid technological and market change, and other factors specifically related to Integra Group and its operations.

This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Integra Group, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of Integra Group.

This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the «Order») and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as «relevant persons»). Any person who is not a relevant person should not act or rely on this document or any of its contents.

Information contained in this document is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities in Russia or to or for the benefit of any Russian person or any person in Russia, and does not constitute an advertisement of any securities in Russia.