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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 ....