September 7, 2018. The companies Riverstretch, O1 Group, O1 Properties Limited and Future Financial Group announced completion of the transfer of O1 Properties and Future Financial Group that unites non-state pension funds (NPFs) Future, Telecom-Soyuz, Socialnoe Razvitie and Obrazovaniye to Riverstretch Trading & Investments Limited.

The transfer of assets was carried out in settlement of the debt of O1 Group to Moscow Credit Bank. The debt was assigned to ROSSIUM LLC and then to Riverstretch Trading & Investments Limited.

Statements by the parties:

Head of the Russian office of Riverstretch Trading & Investments Limited, Alexei Mazin:

The parties have done a great deal of work to finalize this asset transfer and we are happy with the results. Riverstretch is now carrying out a detailed review of the operational activities, and is analyzing the strategies of O1 Properties and the NPFs of Future Financial Group.

We have taken note of problems associated with the substantial debt burden of O1 Properties. We will apply all our experience of real estate business and extensive expertise in the field of asset stabilization to find a solution to the current situation. Our task is to reduce the debt burden of O1 Properties.

We will certainly strengthen the teams dealing with O1 Properties and Future Financial Group. Despite the obvious difficulties caused by decisions taken in the past, both companies employ high-calibre professionals who are capable of solving complex problems. Our goal is to preserve and further develop the business, and we aspire to maximum transparency and the provision of full information.

О1 Group, Dmitry Mints:

O1 Group had a debt to Moscow Credit Bank, which was assigned first to ROSSIUM LLC and then to the company Riverstretch Trading & Investments. O1 Group has carried out the transfer of assets in order to meet these debt commitments.

FUTURE Financial Group, Marina Rudneva:

The NPFs of Future Financial Group are among the leaders of the Russian pension market. The Group’s flagship NPF is one of the top-4 in the country, has a loyal customer base, strong service network, solid relationships with partner banks and more than 20 years of experience. Our team has a vision for the improvement of management of the portfolios, which has the support of the new owner and will be systematically implemented in accordance with current legislation. Our main objective is to generate steady and attractive income flows for customers. Our work will be focused on further development of the company and strengthening of relationships with large corporate customers. All of our business processes are continuing smoothly and without interruption. Information on our plans for further development will be announced as they are approved by the new shareholder.

O1 Properties:

O1 Properties remains one of Russia’s largest owners of class-A commercial real estate. It is now updating its development strategy together with the new shareholder, and selectively strengthening the management team in order to address key tasks, which include: meeting obligations to investors, continuation of construction work, and operating and leasing existing and new properties. The goal is to maintain the company’s leading position on the market. All obligations to holders of the securities of O1 Properties will be met in full.

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About the companies:

Riverstretch Trading & Investments is a private investment company specialized in investments in real estate and development. The company was established in Cyprus in 2007 and has always maintained an office in Russia.

Alexei Mazin, head of the Russian office of Riverstretch Trading & Investments, was born in 1975. He obtained a bachelor’s degree in finance (with distinction) from the Kazakh State Academy of Management (Almaty, Kazakhstan) in 1996 and an MBA in banking from the University of Reading (UK) in 1999. He has extensive experience in various financial and development projects, including sourcing of private capital.

Career history of Alexei Mazin:

1996-1997: Regional manager (finance, marketing and administration) at the local office of the American company Freight One Ltd. (Almaty, Kazakhstan).

1997-1998: Senior Auditor in the audit department of Ernst & Young (Almaty, Kazakhstan).

1999-2000: Financial Manager/Controller at Fabric Venturers Group of Companies (UK).

2000-2004: Vice-President of Talan Group, creation of a large, multisectoral holding at national level, work with banking structures and assistance sourcing financing from Kazakh and foreign financial institutions (Almaty, Kazakhstan).

2004-2005: Executive Director of A-Realty, a private company specialized in land development (Almaty, Kazakhstan).

2005-2007: Head of the Sky City project, member of the executive board of the investment company and developer Sibacademinvest, owned by Igor Kim (Novosibirsk, Russia).

2007-2011: CEO of Verny Development Ltd. (Verny Capital Group), creation of an investment company for real estate investment in Russia, organization of full-cycle project analysis (Novosibirsk, Russia).

2011-2014: Deputy Director, Real Estate Department, Region Investment Company, full range of work with real estate (Moscow, Russia).

From 2015: Head of the Russian office of the Cyprus company Riverstretch Trading and Investments Limited (Moscow, Russia).

O1 Group

An international investment company, which owns and manages assets in the real estate and financial sector. O1 Group was founded in 2004 by Boris Mints.

O1 Properties Limited

O1 Properties is one of the largest owners of class-A office property in Moscow. The company owns and manages 15 business centres located in key business districts of the Russian capital with net leasable area of 584,000 square metres.

Future Financial Group

Future Financial Group is one of the largest financial structures in Russia specializing in pension assets. It owns four pension funds, which work in the spheres of compulsory and non-state pension insurance.

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