OREANDA-NEWS. Far-Eastern Shipping Company plc ("FESCO", and together with its consolidated subsidiaries, the "Group"), one of the leading transportation and logistics companies in Russia with operations in the ports, rail, integrated logistics and shipping businesses, announces that, on 14 May 2013, its indirect wholly owned subsidiary Far East Capital Limited S.A. successfully priced USD 75 million of senior secured notes placed in two tranches.

The placement consists of USD 50,000,000 8.00% New Senior Secured Notes due 2018 (the "New 2018 Notes"), to be consolidated and form a single series with the USD 500,000,000 8.00% Existing Senior Secured Notes due 2 May 2018 (the "Existing 2018 Notes"), and USD 25,000,000 8.75% New Senior Secured Notes due 2020 (the "New 2020 Notes") to be consolidated and form a single series with the USD 300,000,000 8.75% Existing Senior Secured Notes due 2 May 2020 (the "Existing 2020 Notes"). The Existing 2018 Notes and the Existing 2020 Notes were issued on 2 May 2013.

The New 2018 Notes have a yield to maturity of 7.659% and were priced at 101.375% plus accrued interest of USD 211,111 in respect of the period from, and including, 2 May 2013 to, but excluding, 21 May 2013.The New 2020 Notes have a yield to maturity of 8.209% and were priced at 102.500% plus accrued interest of USD 115,452 in respect of the period from, and including, 2 May 2013 to, but excluding, 21 May 2013.

The notes will be guaranteed on a senior secured basis by certain subsidiaries and parent companies of FESCO. Net proceeds will be used to repay outstanding debt of the Group and debt incurred in connection with the acquisition of FESCO in December 2012.