Ukraine returns to the EUR market with the pricing of its EUR-denominated Eurobonds

THIS ANNOUNCEMENT IS NOT BEING MADE IN AND COPIES OF IT MAY NOT BE DISTRIBUTED OR SENT INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

Ukraine is pleased to announce the pricing of its new benchmark EUR-denominated Eurobonds in a principal amount of €1,000,000,000 with final maturity on 20th of June 2026. The notes will bear interest at the rate of 6.75% per annum. The new issue is expected to be rated B- by Standard & Poor’s and B- by Fitch. Settlement of the new issue is expected to take place on the 20 June 2019.

The orderbook for the new issue peaked over EUR 6 billion.

The proceeds of the notes will be used for general budgetary purposes.

The Minister of Finance of Ukraine, Oksana Markarova, commented: “ We are very happy to announce Ukraine’s first EUR-denominated Eurobond in 15 years. We take today’s transaction to be a sign of continued investor support in Ukraine’s development and integration into the European market. We hope that this transaction will be the first step in continuing Ukraine’s fruitful integration into the European financial markets.”

BNP Paribas and Goldman Sachs International acted as joint lead managers on the transaction.

This document is not an offer of securities for sale in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The securities referred to herein have not been and been and will not be registered under the Securities Act, and accordingly any offer or sale of securities referred to herein may be made only in a transaction exempt from the registration requirements of the Securities Act. Ukraine represented by the Minister of Finance of Ukraine acting upon instructions of the Cabinet of Ministers of Ukraine does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States.

This сommunication does not constitute an offer of the Securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Securities. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, unincorporated associations and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order or (iv) persons to whom this communication may otherwise be directed without contravention of Section 21 of the Financial Services and Markets Act 2000 (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting for the Ukraine (represented by the Minister of Finance of Ukraine acting upon instructions of the Cabinet of Ministers of Ukraine) and no one else in connection with the transaction and will not be responsible to anyone other than the Ukraine for providing the protections afforded to clients of Goldman Sachs International, or for giving advice in connection with the transaction or any matter referred to herein