RDIF, RCIF and leading Middle Eastern investors announce the agreement of principal terms for an investment in the Eurasia Drilling Company Limited

Press release, 01.06.2017

Saint Petersburg, 01 June 2017 — The international investor consortium of the Russian Direct Investment Fund (RDIF), Russia-China Investment Fund (RCIF, established by RDIF and China Investment Corporation) and leading Middle Eastern co-investors announces the agreement of principal terms for an investment in the Eurasia Drilling Company Limited (EDC). Further details will be provided upon signing of the transaction documentation.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“We are happy to attract a consortium of top-tier equity investors into Eurasia Drilling Company. This will maximize our contribution to its growth and reinforce its market leadership. We believe in the Company's future and its ability to develop dynamically across several market segments. The upcoming deal is in line with RDIF's investment strategy, which seeks to increase companies' efficiency and economic performance overall, as well as to develop infrastructure.”

Hu Bing, Co-CEO of RCIF, said:
“We are extremely pleased with the results of EDC which allow the Company to hold leading positions in the Russian oil service market for many years. The continued increase of Russian drilling volumes, as well as the improvements in EDC’s Caspian Basin business will likely contribute to a material growth in the company’s financial performance and in its market share.”

Alexander Djaparidze, CEO of EDC, said:
“We are very pleased that we have agreed principal terms for an investment in the Company with these pre-eminent funds. We welcome their recognition of the leading performance and value potential of the Company. We are confident that our new relationship with these prominent investors will be beneficial to all parties.”

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund 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 www.rdif.ru

Russia-China Investment Fund (RCIF) is a joint fund established by the Russian Direct Investment Fund and China Investment Corporation (CIC). RCIF activities are aimed at the development of bilateral economic, trade and investment relations between Russia and China. Further information can be found at www.rcif.com

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

Tony Han
Russia-China Investment Fund
Beijing, China
Tel: +86 10 5762 9000
Fax: +86 10 57629111
dong.han@rcif.com

Yury S. Trofimov
Russia-China Investment Fund
Moscow, Russia
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12
yury.trofimov@rcif.com

Tom O'Gallagher
Eurasia Drilling Company Limited
VP Investor Relations
+44 (0)20 7717 9707
investors.relations@eurasiadrilling.com