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Company News

21 June 2006

Aeroflot, Vneshtorgbank and Vneshekonombank have signed loan agreements on financing of Sheremetyevo-3 aviation terminal building

June 17, 2006, Moscow – JSC "Aeroflot" have signed with JSC "Vneshtorgbank" and "Vneshekonombank" sales and purchase agreements regarding JSC "Terminal" shares. Pursuant to these deeds Vneshtorgbank has purchased from Aeroflot 25 percent plus 1 share, and Vneshekonombank has purchased 20 percent less two shares.

Today loan agreement have also been signed. According this agreement in order to finance building of Sheremetyevo-r terminal Vneshtorgbank and Vneshekonombank open in favor of JSC "Terminal" credit line for total amount of 475 million US Dollars for 13 years term. In so doing 264 million US Dollars are provided by Vneshtorgbank, and 211 million US Dollars are provided by Vneshekonombank.

Building of Sheremetyevo-3 was launched in July 2005, and commissioning is scheduled on late 2007.

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JSC "Terminal" - established in, as 100% subsidiary company of Aeroflot, to develop the project on building of Sheremetyevo-3 aviation terminal. www.svo3.ru

JSC “Aeroflot – Russian Airlines”. Based in Moscow, Sheremetyevo Airport. Founded in 1923. The biggest Russian aviation company controlling about 11% of domestic and 39% of international transportation markets of Russia. From April 2006 Aeroflot is the member of global aviation alliance Sky Team, amalgamating 10 world largest aviation companies, and elected by the readers of Global Traveler magazine as the "Best aviation alliance". In 2005 Aeroflot delivered 6,8 million of passengers in 89 cities of 47 countries. Having a fleet of 88 vehicles Aeroflot performs 302 flights a day. More details about the company are available at: www.aeroflot.ru and www.skyteam.com

JSC "Vneshtorgbank" - the biggest commercial bank in the country in terms of the fixed capital, which is 42.1 billion Rubles. Major stake of 99.9% in Vneshtorgbank belongs to the Government of Russian Federation. Volume of the own funds of Vneshtorgbank as of April 1, 2006 is 115 billion Rubles, the volume of the net assets is 667 billion Rubles. Vneshtorgbank is one of the leading creditors of Russian economy. Credit placements of Vneshekonombank in non-financial sectors are 312 billion Rubles as of April 1, 2006. Among the other Russian banks Vneshtorgbank has the highest rating according international rating agencies Moody`s Investors Service and Standard & Poor`s и Fitch. Russian rating agencies traditionally treat Vneshtorgbank as the member of highest reliability group. www.vtb.ru

Vneshekonombank (VEB) – specialized state owned financial institution founded in 1924. Priority activities of the bank are focused on support of domestic industrial export, realization of large scale projects, including infrastructure related ones, in key industries of Russian economy, raising of investments in regions of Russian federation, fulfillment of Russian Federation Government agency duties. The rating assigned to the bank by the leading world rating agencies corresponds to similar ratings of rating agencies of Russian Federation (Fitch и Standard&Poor’s – «BBB», Moody’s – «Baa2»). www.veb.ru

Aeroflot

Press Service

Tel.: (495) 752-9071,

Fax: (495) 903-9820

e-mail: presscentr@aeroflot.ru

Vneshtorgbank

Department of Public Relations

Tel.: (+7 495) 783-17-17

Fax: (+7 495) 783-18-95,

e-mail: pr1@vtb.ru

Vneshekonombank

Press Service

Tel.: (495) 208-4693

Fax: (495) 975-21-34

e-mail: press@veb.ru