ENRC signed agreement about borrowing syndicated fore-export credit in an amount of $1.0 bn. with term of 5 years

/KASE, December 20, 06/ - Eurasian Natural Resources Corporation (ENRC) today spread a press release, which says: Quotation start Eurasian Natural Resources Corporation announces about signing of an agreement about borrowing a syndicated fore-export credit in the amount of $1.0 bn. with the term of 5 years. ABN AMRO Bank N.V., Barclays Capital and Deutsche Bank AG have been assigned the leading organizers of the offering. Credit borrower is the company ENRC Marketing AG, and credit guarantees are rendered by the company Transnational corporation Kazchrome OJSC. The credit is provided by export earnings from sale of ferroalloys, produced by the company Kazchrome and sold a group of foreign buyers by the company ENRC Marketing. Syndication of 5-year credit is to start in January 2007. ENRC is the completely integrated Group in the sphere of extraction and enrichment of minerals with own energy and transport enterprises. In 2005 sales of ENRC exceeded US3 bn., EBIDTA totaled US$1.3 bn. Primary production assets of ENRC are: - Kazchrome - the third largest producer of ferroalloys in the world; - Aluminium Kazakhstan - one of biggest complexes in Kazakhstan on extraction and composite processing of bauxites to obtain metallurgical alumina; - Sokolovsk-Sarbaysk ore mining and processing production association (SSOMPPA) - one of the biggest concerns on extraction and processing of iron ore; - Eurasian energy corporation (EEC) - the largest energy enterprise in Kazakhstan, which specializes in production of electric energy, coal extraction, and also repairing and serving energy equipment. ENRC Marketing is the specialized subdivision of the Group on sale and marketing of ferroalloys. In future ENRC Marketing will unify functions of sales and marketing for all production assets of ENRC. Borrowed funds will be used for financing current activity of the company, including for investments in basic means and financing the strategic development plan of the Group. Commenting on the deal, Dr. Johannes Sittard, the general director of ENRC, said "We are satisfied with signing of fore-export syndicated credit in the amount of US1 bn. This event is an important stage in continuing program of ENRC restructuring and shows reputation growth of the Group as one of leading world companies in metallurgic and mineral resource fields in international banking spheres". Contacts for press: John Simmons, Financial Dynamics Tel.: +44 (0)20 7831 3113 E-mail: enrc@fd.com Information about corporation ENRC: ENRC is the completely integrated mining group of world level in the sphere of extraction and enrichment of minerals with own energy and transport enterprises. ENRC provides 5% of Kazakhstan GDP and is the third biggest producer of ferroalloys, world leader in the sphere of extraction and processing of iron ore, supplier of two fifth of produced gallium in the world, and also the leading producer of alumina and manganese concentrates. The group has one fourth of world chrome reserves and is the largest supplier of energy in Kazakhstan. Annual sales of ENRC exceed US3 bn., and number of personnel is about 60 th. people. Quotation end [2006-12-20]