ACRA ASSIGNS A(RU) TO THE SERIES 001Р-07 (RU000A1080N5) BOND ISSUE OF “ELEMENT LEASING” LLC

Credit rating rationale. The issue represents senior unsecured debt of “Element Leasing” LLC (hereinafter, Element Leasing, or the Company). Due to the absence of either structural or contractual subordination of the issue, ACRA regards it as equal other existing and future unsecured and unsubordinated debt obligations of the Company. According to ACRA’s methodology, the credit rating of the issue is equivalent to that of Element Leasing, i.e. A(RU).

The Company’s credit rating is based on its adequate business profile, strong capital adequacy and risk profile assessments, and adequate funding and liquidity assessment.

key issue properties

Sources: ACRA, issuer’s data

REGULATORY DISCLOSURE

The credit rating has been assigned under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale for the Russian Federation and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.

A credit rating has been assigned to the series 001Р-07 (RU000A1080N5) bond issue of “Element Leasing” LLC for the first time. The credit rating is expected to be revised within one year following the publication date of this press release.

The credit rating was assigned based on data provided by “Element Leasing” LLC, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and “Element Leasing” LLC participated in its assignment.

In assigning the credit rating, ACRA used only information, the quality and reliability of which were, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.

ACRA provided additional services to “Element Leasing” LLC. No conflicts of interest were discovered in the course of credit rating assignment.