KYIV, July 12 – Naftogaz Ukrayiny, through the issuer of its eurobonds, Kondor Finance plc, has approached the holders of these securities in the amount of almost $1.5 billion with a proposal to defer coupon payments on them for two years, including postponing the repayment of 2022 eurobonds for $335 million for the same period.

In light of the protracted circumstances affecting Ukraine as a result of Russia's ongoing full-scale military intervention and its impact on Ukraine's energy security, the issuer, at the request of the borrower, has initiated this consent request in order to obtain the approval of the noteholders to facilitate the borrower's retention of available cash to support Ukraine's strategic priorities," according to the stock exchange report.