Notice of change of depositary bank

JSC PIK Group

Notice of change of depositary bank

2 September, 2014

JSC PIK Group - (LSE:PIK) (the "Company") announces that new deposit agreements (amended and restated Regulation S and Rule 144A Deposit Agreements relating to Deposit Agreements dated 30 March 2007) (the "Agreements") with The Bank of New York Mellon shall be effective from 5 September 2014.

The Bank of New York Mellon replaces Deutsche Bank Trust Company Americas as depositary for the Company under the Agreements effective from 5 September 2014.

Information regarding the new depositary:

The Bank of New York Mellon is a state-chartered New York banking corporation and a member of the United States Federal Reserve System, subject to regulation and supervision principally by the United States Federal Reserve Board and the New York State Banking Department. The Bank of New York Mellon was constituted in 1784 in the State of New York. It is a wholly owned subsidiary of The Bank of New York Mellon Corporation, a New York bank holding company.

Established in 2007 from the merger of Mellon Financial Corporation and The Bank of New York Company. Inc., The Bank of New York Mellon Corporation is a leading asset management and securities servicing company.

The Bank of New York Mellon Corporation's registered address is One Wall Street, New York, New York 10286 and its principal administrative offices are located at 101 Barclay Street, 22 floor, New York, New York 10286.

DR Holders do not need to take any action in connection with this notice.

Certified or conformed copies of the Agreements shall be filed with The Bank of New York Mellon and the Custodian and shall be available to Holders for inspection during normal business hours on any business day at the specified offices of the Depositary and any Agent and at the Main Office of the Custodian.

For more information on the depositary, please visit www.bnymellon.com.

Enquiries:

PIK Group