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9181S -2010-9-17.Pdf IMPORTANT NOTICE NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO U.S. PERSONS OR OTHERWISE THAN TO PERSONS TO WHOM IT CAN LAWFULLY BE DISTRIBUTED IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached Prospectus and you are advised to read this disclaimer carefully before reading, accessing or making any other use of the attached Prospectus. In accessing the attached Prospectus you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from us as a result of such access. The attached Prospectus is intended for the addressee only. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES DESCRIBED IN THE ATTACHED PROSPECTUS HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE ³SECURITIES ACT´), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE SECURITIES DESCRIBED IN THE ATTACHED PROSPECTUS MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. THE ATTACHED PROSPECTUS MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY U.S. PERSON OR TO ANY UNITED STATES ADDRESS. ANY FORWARDING, REDISTRIBUTION OR REPRODUCTION OF THE ATTACHED PROSPECTUS IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. Confirmation of your Representation: In order to be eligible to view the attached Prospectus or make an investment decision with respect to the securities described in the attached Prospectus, investors must comply with the following provisions. You have been sent the attached Prospectus on the basis that you have confirmed to HSBC Bank plc or UBS Limited (together the ³Joint Lead Managers´), being the senders of the attached Prospectus that you are either (a) both a person that is (i) outside the United States (within the meaning of Regulation S under the Securities Act); and (ii) not a U.S. person (within the meaning of Regulation S under the Securities Act) and the electronic mail address that you gave us and to which this e-mail has been delivered is not located in the United States of America, its territories or possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any State of the United States or the District of Columbia; (b) a relevant person (as defined below) if in the United Kingdom; or (c) outside the United Kingdom. By accepting this e-mail and accessing the attached Prospectus, you shall be deemed to have made the above representation and that you consent to delivery of such Prospectus by electronic transmission. In addition, in the United Kingdom, the attached Prospectus is being distributed only to and is directed only at investors: (a) who are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the ³Order´); or (b) who are high net worth entities falling within Article 49 of the Order, and (c) other persons to whom it may otherwise lawfully be communicated under the Order, (all such person together referred to as ³relevant persons´). Any investment or investment activity to which the attached Prospectus relates is available in the United Kingdom only to relevant persons and will be engaged in only with such persons. The attached Prospectus has been delivered to you on the basis that you are a person into whose possession the attached Prospectus may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located. The attached Prospectus has been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently none of UK SPV Credit Finance plc, Public Joint-Stock Company Commercial Bank PrivatBank or the Joint Lead Managers, or any person who controls them, or any director, officer, employee or agent of any of them, or affiliate of any such person accepts any liability or responsibility whatsoever in respect of any difference between the attached Prospectus distributed to you in electronic format and the hard copy version available to you on request from the Joint Lead Managers. You are reminded that the information contained in the attached Prospectus is not complete and may be changed, and that no representation or warranty, expressed or implied, is made or given by or on behalf of the Joint Lead Managers, nor any person who controls the Joint Lead Managers or any director, officer, employee or agent of any of them, or affiliate of any such person as to the accuracy, completeness or fairness of the information or opinions contained in the attached Prospectus and such persons do not accept responsibility or liability for any such information or opinions. Neither this electronic transmission nor the attached Prospectus constitutes or contains any offer to sell or invitation to subscribe or make commitments for or in respect of any securities in any jurisdiction where such an offer or invitation would be unlawful and the attached Prospectus is subject to correction, completion, modification and amendment in its final form. PUBLIC JOINT-STOCK COMPANY COMMERCIAL BANK PRIVATBANK (incorporated in Ukraine with limited liability) U.S.$200,000,000 9.375 per cent. Loan Participation Notes due 2015 issued by, but with limited recourse to, UK SPV Credit Finance plc for the sole purpose of financing a loan to Public Joint-Stock Company Commercial Bank PrivatBank Issue Price: 100 per cent. UK SPV Credit Finance plc (the ³Issuer´ or the ³Lender´) is issuing U.S.$200,000,000 in aggregate principal amount of 9.375 per cent. Loan Participation Notes due 2015 (the ³Notes´). The Notes are limited recourse obligations of the Issuer and are being offered for the sole purpose of financing a U.S.$200,000,000 5 year loan (the ³Loan´) to Public Joint-Stock Company Commercial Bank PrivatBank (the ³Bank´, ³PrivatBank´ or the ³Borrower´) pursuant to a loan agreement (the ³Loan Agreement´) dated 17 September 2010 between the Issuer and the Bank. The Notes will be constituted and secured by, and will be subject to, and have the benefit of, a trust deed to be dated 24 September 2010 (the ³Trust Deed´) between the Issuer and Deutsche Trustee Company Limited, as trustee (the ³Trustee´), for the holders of the Notes from time to time (the ³Noteholders´). In the Trust Deed, the Issuer will charge in favour of the Trustee as security for its payment obligations in respect of the Notes (a) its rights to principal, interest and other amounts under the Loan Agreement (other than the Reserved Rights); (b) all amounts payable under or in respect of any claim, award or judgment relating to the Loan Agreement (other than the Reserved Rights); (c) sums held on deposit from time to time (other than the Reserved Rights); and (d) its rights, title and interest in Permitted Investments if any (as defined in the Trust Deed) (other than the Reserved Rights). The Issuer will also assign certain administrative rights under the Loan Agreement to the Trustee for the benefit of the Noteholders. The Notes are limited recourse obligations of the Issuer. In each case where amounts of principal, interest and additional amounts (if any) are stated to be payable in respect of the Notes, the obligation of the Issuer to make any such payment shall constitute an obligation only to account to the Noteholders, on each date upon which such amounts of principal, interest and additional amounts (if any) are due in respect of the Notes, for an amount equivalent to all principal, interest and additional amounts (if any) actually received by, or for the account of, the Issuer pursuant to the Loan Agreement the Issuer will have no other financial obligations under the Notes. Noteholders will be deemed to have accepted and agreed that they will be relying solely and exclusively on the Borrower¶s covenant to pay under the Loan Agreement and the credit and financial standing of the Borrower in respect of the financial servicing of the Notes. Subject to receipt by the Issuer of amounts pursuant to the Loan Agreement, interest on the Notes will be payable semi-annually in arrear in equal instalments on 23 March and 23 September in each year from and including 24 September 2010 (the ³Issue Date´), except that the total aggregate amount of interest payable on the first Interest Payment Date shall be U.S.$9,322,916.67. The Loan will bear interest of 9.375 per cent. per annum. Unless previously redeemed or cancelled, the Notes will be redeemed at their principal amount on 23 September 2015. The Loan may be prepaid at its principal amount, together with accrued interest, at the option of the Borrower for tax reasons or upon receiving notice of a Change of Control (as defined in the Loan Agreement) or in the event that it becomes unlawful for the Issuer to fund the advance or allow the Loan to remain outstanding under the Loan Agreement, and thereupon (subject to the receipt of the relevant funds from the Borrower) the principal amount of all outstanding Notes will be prepaid by the Issuer, together with accrued interest.
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