RDIF brings leading international investors to ALROSA’s SPO

Press release, 11.07.2016

The consortium formed by RDIF acts as an anchor investor in the company’s share placement

Moscow, July 11, 2016 -The Russian Direct Investment Fund (RDIF) has attracted a number of major international investors from various regions including funds from the Middle East and Asia to the share placement of ALROSA as part of the privatization of the 10.9% stake in the company. For each ruble invested by RDIF, more than 10 rubles were brought in from the foreign partners in the consortium.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

"We and our international investors are pleased with the investment in ALROSA, which we made during the company's IPO in 2013 and which provided an attractive rate of return three years later. The rebound in the global diamond markets and our confidence in the future growth of the company backed our decision to participate in the new share placement. The deal is an important milestone in the recently announced Russian privatization program. While RDIF itself has acquired a small part of the total placement, we have been able to attract a pool of long-term investors, including sovereign wealth funds from the Middle East and Asia. We believe that ALROSA will continue to be a unique investment – it is not only the world's largest publicly traded company in the diamond sector but also one of Russia’s key success stories.”

RDIF and its international partners initially invested in the shares of ALROSA as part of the company's IPO in 2013. Earlier this year the Fund exited its position in ALROSA by selling the shares on the open market with an attractive yield.

* * *

Russian Direct Investment Fund (RDIF) was established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at rdif.ru

For additional information contact:
Maria Medvedeva
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru

Andrew Hayes / Yulianna Vilkos
Hudson Sandler
Tel: +44 (0) 20 7796 4133