27.07.2016

HMS Group makes full repayment of its Euro 26 mn credit

Moscow, Russia – HMS Group (LSE: HMSG), the leading pump and compressor manufacturer as well as a provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS, announces today that it has made an early full repayment of its credit facility denominated in Euro.

The existing credit facility was refinanced by the Group using own funds as well as credit lines denominated in ruble. Consequently, today Russian production facilities of HMS Group do not have any credit facilities denominated in foreign exchange other than Russian ruble thus neglecting any currency risks.

As a result, FX-denominated loans account for only 2 percent of the whole credit portfolio according to management accounts. These are primarily working capital facilities of Apollo, German facility of HMS Group.

HMS Group (LSE: HMSG) is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, providing pumps, oil & gas equipment and compressors. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

For further information, please contact:

Inna Kelekhsaeva
Deputy Head of Capital markets
Tel: +7 (495) 730-66-01 x 1318
kelekhsaeva@hms.ru
Anna Obotnina
Head of Marketing communications
Tel: +7 (495) 730-66-01 x 3304
obotnina@hms.ru