CREDIT RATING WITHDRAWAL RATIONALE

ACRA has withdrawn the AA(RU) credit rating previously assigned to the RU000A0JWXF0 bond issue of the Krasnoyarsk Krai due to the full redemption of this issue. The rating has been withdrawn without its concurrent affirmation.

REGULATORY DISCLOSURE

The credit rating was previously assigned to the RU000A0JWXF0 bond issue of the Krasnoyarsk Krai under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale of the Russian Federation and the Key Concepts Used by the Analytical Credit Rating Agency Within the Scope of Its Rating Activities.

The credit rating of the RU000A0JWXF0 bond issue of the Krasnoyarsk Krai was published by ACRA for the first time on October 10, 2017.

ACRA provided no additional services to the Government of the Krasnoyarsk Krai. No conflicts of interest were discovered in the course of credit rating assignment.

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