VERTICAL INTEGRATION OF BUSINESS

VERTICAL INTEGRATION OF BUSINESS

Fitch assigns Avangardco’s planned notes expected ‘B’ rating

KYIV, UKRAINE – AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) (the “Company” or “Avangard”), the leading producer of shell eggs and egg products in Ukraine, announces that Fitch Ratings has assigned Avangardco Investments Public Limited's (Avangardco) planned USD250m-USD300m notes an expected foreign-currency senior unsecured rating of 'B' and an expected Recovery Rating of 'RR4'.

Avangardco has Long-term foreign and local currency Issuer Default Ratings (IDR) of 'B' respectively, and a National Long-term of 'A+(ukr)'. The Outlooks on these ratings are Stable.

The final ratings on the planned notes are contingent upon the receipt of final documents conforming to information already received by Fitch.

For investor relations enquiries:

Victoria Korolchuk

Avangard
Head of Investor Relations

phone.: +38 044 593 28 60
mob.: +38 067 214 84 23
e-mail: v.korolchuk@avangard.co.ua

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VERTICAL INTEGRATION OF BUSINESS

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