DTEK priced U.S.$600,000,000 of 7.875% senior notes due 2018

DTEK intends to use up to U.S.$ 321,250,000 of the proceeds from the New Notes to repurchase notes due 2015 issued by DTEK Finance B.V. (the “9.50% Notes”) and to pay consent fees in connection with the modification of certain provisions of the 9.50% Notes that will remain outstanding following the repurchase. The balance of the proceeds is planned for general corporate purposes, including but not limited to, financing ongoing capital expenditure programs and working capital and repaying certain indebtedness, and, to a lesser extent, to pursuing growth opportunities through investments and acquisitions.
 
The issue and sale of the New Notes remains subject to final documentation. Issue and settlement are expected to take place on April 4, 2013, with the repurchase of the 9.50% Notes expected to take place on or about April 9, 2013. Deutsche Bank, ING, J.P. Morgan, Sberbank CIB, UniCredit, and VTB Capital have been appointed to act as Joint Lead Managers in connection with the offering of the New Notes.