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.