Oct 27, 2016
FUTURE Financial Group announces the termination of pledge agreements with Credit Bank of Moscow

October 27, 2016, Moscow

FUTURE Financial Group (hereinafter referred to as "the Issuer") announces the termination of Pledge agreements with PJSC Credit Bank of Moscow. The Parties have come to a mutual agreement on the termination of pledges relating to the shares of the three funds owned by the Issuer: NPF FUTURE JSC, NPF Uralsib JSC, NPF Telecom-Soyuz JSC. The stocks of shares of NPF Obrazovaniye JSC and NPF Our Future JSC (former NPF Russian Standard JSC) were not encumbered. The release of these funds' shares from the pledge was part of the IPO preparation by the Financial Group.

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About the company:
FUTURE Financial Group is one of the largest financial structures managing retirement assets in Russia. It manages 5 leading non-state pension funds that perform mandatory pension insurance and non-state pension insurance, including: the largest fund – NPF FUTURE (established as a result of the consolidation of NPF BLAGOSOSTOYANIE OPS and NPF StalFond, which is the 2nd largest by the number of clients and the 3rd largest by the amount of pension savings as stated by the Central Bank of the Russian Federation as of June 30, 2016), NPF Telecom-Soyuz (the 3rd largest by the number of NPI program participants), NPF Obrazovaniye, NPF Uralsib and NPF Our Future (formerly known as NPF Russian Standard). Presently, NPF Uralsib and NPF Our Future are under a merger with NPF FUTURE. The total amount of the assets managed by the Group comprises RUB 274 bln, including more than RUB 245 bln of pension savings and RUB 28.5 bln of pension reserves. The number of mandatory pension insurance clients and non-state pension insurance clients exceeds 4.5 mln people. All of the Group's funds are included into the insured people's rights guarantee system.