The DTEK ENERGY B.V. group (the "Group") hereby announces that, as anticipated in and in compliance with the terms of the restructuring of substantially all of the Group's indebtedness (the "Restructuring") contained in the Lock-up Agreement and the
Explanatory Statement (each as defined below),
DTEK OIL&GAS B.V. ("DOG") has sold the entire share capital of LLC Kosul to DTEK OIL&GAS DEVELOPMENT B.V. in accordance with the term sheet agreed between the Group and committees of its creditors such that LLC Kosul has ceased to be a member of the DOG group.
Separately,
as announced previously, the Group has entered into a lock-up agreement (the "Lock-up Agreement") with certain of its creditors under which, amongst other matters, such creditors have agreed to vote in favour of the R