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Ukraine prices US$1.25 billion 8-Year Eurobond

NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Ukraine today announced pricing of its new U.S.$ 1,250,000,000 notes due 2029 in international capital markets. The issuance was priced at 6.875% annual yield. 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 30 April 2021.

BNP Paribas, Deutsche Bank, Goldman Sachs International and J.P. Morgan acted as Joint Bookrunners.

The proceeds will be used for general budgetary purposes.

"We are pleased to announce the pricing of our inaugural public Eurobond transaction this year. With this deal we cover part of our external borrowing needs of the current year, the biggest share of which we expect to be obtained from the concessional sources. We will continue our prudent debt management strategy by maximizing concessional financing and local currency borrowings," commented Sergii Marchenko, Minister of Finance of Ukraine.

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. 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 communication does not constitute an offer of these 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, as amended (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (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.

This announcement is not an advertisement of securities in Ukraine, and is not an offer or invitation to, or solicitation of, any such circulation, distribution, placement, sale, purchase or other transfer of the securities in the territory of Ukraine.