XXIC Xxi Century

TIDMXXIC

RNS Number : 3817D

XXI Century Investments Public Ltd

26 April 2013

26 April 2013

XXI Century Investments Public Limited

("XXI Century" or the "Company")

Amendment to the Vyrlitsa Project Investment Agreements

As was previously announced, on 24 April 2012 a wholly owned subsidiary of the Company (Mriya-Invest) signed an investment agreement with a subsidiary of Auchan SA, an international retail chain of supermarkets and hypermarkets, with its head office in France regarding the development of the Vyrlitsa Project in Kyiv, Ukraine.

It was also announced that on 9 January 2013 that Mriya-Invest signed a separate investment agreement with a French DIY operator, established in Ukraine, also regarding the development of the Vyrlitsa Project in Kyiv, Ukraine.

The Company is pleased to announce that the parties to the two agreements have agreed to further extend the exchange of bank guarantees up to 28 June 2013.

The Company is now in talks with a new bank to act as the domestic bank-guarantor to Mriya-Invest, and the parties therefore intend to finalise the exchange of bank guarantees ahead of 28 June 2013.

The other main parameters of the Investment Agreements remain valid and unchanged.

For further information, please contact:

 
 XXI Century Investments    +380 44 2000 457 
  Public Limited             ir@21.com.ua 
Irina Tkachenko, Investor Relations Manager 
 
Shore Capital & Corporate 
 Limited                    +44 (0) 20 7408 4090 
Anita Ghanekar 
Toby Gibbs 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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