KfW IPEX-Bank to Provide 5 Million Euro Credit Line to Sheremetyevo International Airport Moscow for 7 Years

Frankfurt/Main (ots) - Sheremetyevo Moscow International Airport
and KfW IPEX-Bank (Germany) have signed a Financing Agreement on the
provision of the credit line of 5 million EURO for 7 years. These
funds are to finance special aerodrome equipment purchase. The
financial deal with Sheremetyevo is KfW IPEX-Bank's first step into
Russian Airport-Sector and Sheremetyevo's first financing with an
international bank.

"The Bank has offered Sheremetyevo attractive conditions for
financing taking into consideration the stable position of the
company on the market and development perspectives as well as the
financial results for 2004-2005 prepared according IFRS. An
agreement on the provision of financing with the large international
bank is the result of the purposeful policy of Sheremetyevo, which,
as a result, provides the direct access to the western capital
markets," said Mr. Dmitry Kalinin, Chief Financial Officer, JSC
International Airport Sheremetyevo. "The ability to attract
investments on the most favorable conditions is a key competence of
Sheremetyevo International Airport as the infrastructure company."

Dr. Wolfgang Richter, KfW IPEX-Bank's Senior Vice President
Airport financing underlined the growing importance of financings in
Russia for KfW IPEX-Bank: "This financing as our first Russian
airport financing is a contribution to the development of
infrastructure in Russia and will be the basis for a fruitful
cooperation in the future."

About Sheremetyevo International Airport
Sheremetyevo International Airport is the largest airport of
Russia on part of regular international traffic (it accounts for 60%
of the market). To meet the demands of the rapidly growing Russian
aviation sector, the airport is currently undergoing massive capital
improvement works including the construction of a new Terminal 1
building, the expansion and refurbishment of Terminal 2 and the
extension of the train link from downtown Moscow to the airport. The
train link project completion will be dated to the end of
reconstruction of Sheremetyevo Terminal 2 and the opening of the new
terminal Sheremetyevo-3.

About KfW IPEX-Bank
Within KfW Bankengruppe KfW IPEX-Bank provides project and
corporate finance and offers trade and export finance. Worldwide it
conducts all market activities of KfW Bankengruppe that are done on
commercial terms and as of January 1, 2008, it will be separated into
a legally independent subsidiary. KfW Bankengruppe has actively
assisted Russia in the transformation process. In 1993, on behalf of
the German Federal government, it took the lead in the Transform
Programme, which supported and advanced the built-up of
market-economy structures in the countries of Central and Eastern
Europe. In recent years KfW IPEX-Bank was primarily involved in
projects in several basic industries sectors, but also in ship
financing, infrastructure projects, transport sector and in
environmental technology. Currently KfW IPEX-Bank holds a portfolio
of loans to Russia in the amount of EUR 1.2 billion. The bank intends
to double this portfolio.

Originaltext: KfW
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More Information:

Sheremetyevo Airport:
PR Department, Tel. +7 495 578 8585, pressa@sheremetyevo-airport.ru

KfW IPEX-Bank:
Dela Strumpf, Tel. +49 69 7431 2984, dela.strumpf@kfw.de

Contact
KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Kommunikation (KOM)
Tel. 069 7431-4400, Fax: 069 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de