ACRA ASSIGNS eAA-(RU) TO THE SERIES 002P-01 EXCHANGE-TRADED BOND ISSUE OF “ROSAGROLEASING” COMPANY

Expected credit rating rationale. The issue represents senior unsecured debt of “Rosagroleasing” Company (hereinafter, Rosagroleasing, or the Company). Due to the absence of either structural or contractual subordination of the issue, ACRA regards these exchange-traded bonds as equal to other existing and future unsecured and unsubordinated debt obligations of the Company. In accordance with ACRA’s methodology, the expected credit rating of the issue is equivalent to that of Rosagroleasing (AA-(RU)) and is set at eAA-(RU).

The credit rating of Rosagroleasing is based on the high likelihood of extraordinary support being provided to the Company by the supporting entity and the stable standalone creditworthiness that takes into account the functional significance of Rosagroleasing for the agricultural sector of the Russian economy. The Company’s standalone creditworthiness assessment (SCA) reflects its adequate business profile, significant supply of capital coupled with moderate ability to generate it, and stable funding and liquidity position.

KEY issue properties

Sources: ACRA, issuer’s data

REGULATORY DISCLOSURE

ACRA will assign a credit rating to the series 002P-01 exchange-traded bond issue of “Rosagroleasing” Company after the final documentation is presented. In case of any significant discrepancies between the final documentation and the preliminary materials, ACRA may change the issue’s credit rating against the expected credit rating.

The expected credit rating has been assigned to the series 002P-01 exchange-traded bond issue of “Rosagroleasing” Company 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.

An expected credit rating has been assigned to the series 002P-01 exchange-traded bond issue of “Rosagroleasing” Company for the first time. The next rating action is expected within one year following the publication date of this press release.

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

In assigning the expected 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 “Rosagroleasing” Company. No conflicts of interest were discovered in the course of the expected credit rating assignment.