Press Releases of DTEK

21 May, 2009

21 May 2009, Kiev. – DTEK, the leader of the Ukrainian energy market, is pleased to announce that it has signed a loan agreement with Sberbank, granting the group a USD 15 m loan. The loan term is 18 months.

DTEK is one of the first Ukrainian companies to cooperate with Sberbank of Russia. For DTEK, which has the extensive experience of working with Ukrainian and international banks, the loan agreement with Sberbank marks its first step in accessing the Russian financial market.

Yuriy Ryzhenkov, DTEK’s CFO, commented:

‘This loan agreement marks the start of DTEK’s cooperation with the largest bank in the Eastern Europe. It is a notable event for our company and demonstrates the trust gained by DTEK in the investment community. DTEK continues to meet its liabilities in full, within the agreed deadlines, and, even in the continuing credit crunch, can still attract the required finances’.

Igor Yushko, Chairman of the Board of Sberbank of Russia (Ukraine), noted:

‘Broadening our presence in the CIS countries is one of the strategic targets of our bank in the mid-term. It’s obvious that Ukraine, with its huge industrial potential, is of primary interest for us. Cooperation with the companies like DTEK – having an excellent reputation, good operational performance and conservatism in the area of finance – is of considerable interest for us’,

Reference

DTEK is the first private vertically-integrated power company in Ukraine. It belongs to the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and enrichment, electricity generation and distribution.

The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five enrichment plants. According to 2008 performance results, the Company’s share in the Ukrainian coal mining industry was 22.6%.

The generation business of DTEK is represented by Vostokenergo and the associated Dneproenergo Company, in which DTEK owns 47.46%. According to 2008 performance results, the share of Vostokenergo and Dneproenergo in thermal generation of Ukraine was 25.4% and 22.4% respectively.

Service-Invest and PES-Energougol represent the electricity distribution business of DTEK. Their share of electricity purchase from Energy Market SC in 2008 made 6.5%.

Sberbank of Russia is the largest bank in Russia and CIS accounting for about a quarter of the aggregate Russian banking assets and 30% of banking capital. According to The Banker magazine, as of July 1, 2008, Sberbank was ranked 33rd in the world in terms of Tier 1 capital.

Established in 1841, Sberbank has grown into a universal commercial bank with diversified business. Sberbank is the biggest taker of deposits in the country and the key lender to the national economy. As of 1 February 2009, Sberbank accounted for more than 50% of retail deposits and had a 30% share in Russian loan market.

See detailed information at: www.sbrf.ru

This document may contain forward-looking statements related to the planned measures or future financial indicators of DTEK. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” or the negatives of these terms or variations of them and similar expressions are intended to identify such forward-looking statements. Accordingly, actual results may differ materially from those expressed or implied by the forward-looking statements. We undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties. Such risks include concerns over the general economic status, environment and risks associated with the doing business in Ukraine, significant technological and environmental changes in our sector, as well as many other risks specifically applicable to DTEK and its business.

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