AVELLUM Advises MHP on USD550 Million
Eurobond Issue

AVELLUM
acted as the Ukrainian legal counsel to MHP SE (“MHP”) on
USD550 million, 8 year, 6.95% Eurobond issue with the benefit of the guarantees
from its Ukrainian subsidiaries. The joint lead managers on the transaction
were J.P. Morgan Securities plc, London Branch of ING Bank N.V., and UBS
Limited.

The
Eurobond issue was coupled with the cash tender offer for MHP’s USD495.6
million aggregate principal amount outstanding of the USD750 million 8.25%
bonds due in 2020.

Yuriy
Gvozdyev, general counsel at MHP, commented: “AVELLUM is one of the most
business-oriented firms we have worked with. In the course of the transaction
they proved the full dedication to working with challenging clients like MHP.
The entire success of the transaction is a result of professional teamwork of
our esteemed counsels”.

AVELLUM’s
senior partner Glib Bondar added: “It is a great honor for us to be part of
this landmark transaction with the record-short execution timeframe and the
historically lowest rate for a private Ukrainian eurobond. Passion for
challenge is one of our firm’s values and we are truly grateful to MHP for
entrusting us with its most intellectually and professionaly challenging
transactions.”

MHP is
one of the leading poultry producers in Europe and one of the biggest grain
producers in Ukraine. MHP has been listed on the London Stock Exchange since
2008.

The AVELLUM team was led by senior partner Glib Bondar with
support from senior associate Anna Melnychuk, associates Tetiana Mykhailenko,
Orest Franchuk, Anastasiya Voronova, Oleg Krainskyi, Anna Mykhalova, and tax
support from counsel Vadim Medvedev, associates Vladyslav Aleksandrov, and Ihor
Monastyrskyi.