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Integra brochure
(pdf - 1.6 mb)


July 15, 2010

Integra Group to buy back Ruble Bonds

Moscow, July 15, 2010

Integra Group (LSE: INTE), a leading FSU-based onshore oilfield services provider, announces that its subsidiary Integra Finance issued a public offer to buy back up to 3,000,000 bonds from its Second Ruble Bond issue of 17 October 2006.

Bonds will be purchased at 110.1% of the nominal value of RR1,000 in addition to the payment of accumulated coupon interest. The offer will be valid from July 16, 2010 to July 28, 2010. Repurchase of the bonds will be conducted on July 30, 2010 through Moscow Interbank Currency Exchange (MICEX) with Alfa-Bank acting as an agent on behalf of Integra Finance.
Integra Group signed an agreement with Alfa-Bank to open an unsecured credit line of up to RR 3 billion and final maturity in March, 2012 to finance exclusively the buyback of the bonds. The interest rate of the credit line is lower compared to the interest on the bond issue being bought back.
The full text of the offer (in Russian) is available at the corporate website via the following link:  http://www.integra.ru/investors/disclosure/integra_finance/bonds/
For additional information please contact:

Integra Group  
Andrei Machanskis 
Head of Investor Relations 
Tel. +7 495 933 0621
amachanskis@integra.ru

Sergey Beldinsky
 Head of Public Relations
 Tel. +7 495 933 0621
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 Group’s projections or forward-looking statements, including, among others, general economic and market conditions, Integra Group’s 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.