In light of information message released in mass media about a purchase by JSC VTB Bank ("VTB") of the stake in Lenenergo, VTB informs about the following:
VTB acted as a participant in this deal on the purchase of the stake in Lenenergo from Fortum Power and Heat OY.
VTB facilitated the purchase of the stake in Lenenergo by one of the Clients. According to the forward sale contract, the Client has to buy it back from VTB in 3 years time.
The purchase is not a strategic investment of VTB.