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Integra brochure
(pdf - 1.6 mb)


May 03, 2011

Integra improves the terms of its credit facility with VTB Bank (Deutschland) AG

Integra Group (LSE: INTE), a leading independent provider of diversified oilfield services, and VTB Bank (Deutschland) AG increased their existing term loan facility with permitted reborrowings from US$50 million to US$100 million and extended the tenor by 5 years. Furthermore, the company benefits from improved pricing terms.

“These amendments to our multi-purpose credit line with VTB Bank (Deutschland) AG will further enhance financial flexibility of Integra. We are pleased with the Bank’s support and commitment to the company confirmed by years of mutually beneficial relationship,” – commented Yuri Baidoukov, CFO of Integra Group.

“We are happy to support the company along its financial strategy. This amended facility is evidence of many years of good cooperation with Integra,” – added Igor Strehl, CEO of VTB Bank (Austria) AG, the parent of VTB Bank (Deutschland) AG.

As of today, US$26 million are drawn out of the total facility amount.


About Integra Group:

Integra Group is a leading FSU-based independent diversified oilfield services provider and is also a manufacturer of specialized equipment used in the exploration, development and production of oil and gas. Integra operates in all major oil and gas producing regions in Russia and in many other CIS countries, where its customer base includes major domestic and international oil and gas companies.

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 almost 15,000 people.

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

Integra Group  

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

Konstantin Schwarzkopf 
Vice-President for Public Relations
Tel. +7 495 933 0621
kschwarzkopf@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.