Oct 28, 2016
FUTURE Financial Group announces IPO results

The information provided below is not subject to disclosure outside of the Russian Federation and does not constitute an offer or an invitation to make offers and is not intended for the making of any transactions, including transactions with securities or transactions aimed at making transactions with securities. This text describes the intentions and plans with regards to shares of the Public Joint-Stock Company FUTURE Financial Group, which can change from time to time and constitutes neither an advertisement of securities nor a guarantee, nor a promise to sell the securities or any assets and does not guarantee any offering of securities or the execution of any contract. This document contains evaluative judgments, which can differ from the opinion of any third parties. Each investor shall evaluate his/her risks by himself/herself, when making investment decisions.

The Public Joint-Stock Company FUTURE Financial Group (hereinafter – “The Company”), one of the largest pension assets management companies in Russia, announces the results of the initial public offering (IPO, Offer) of common shares of FUTURE Financial Group (Shares) at the Moscow Exchange, performed by the Company's controlling shareholder, the O1 :Group, beneficially owned by Boris Mints.

The Offer price was established at the level of RUB 1,190 per Share, which corresponds to the Company's market capitalization in the amount of RUB 58.5 bln.

9,834,945 of the Company’s shares in the amount of RUB 11.7 bln were sold in the framework of this Offer.

On results of the Offer, the Company's free-float share fraction will amount to 20% of Shares.

Share settlements will be completed today on October 28, 2016. The Secondary Share Trade (ticker FTRE) will start today approximately at 15:00, Moscow time. The Company plans that the total number of placed shares will remain the same within 180 days after the Offer date. The O1 Group enforces a moratorium for the share sale within 180 days after the offer date.

VTB Capital became the exclusive global coordinator and bookrunner of the Offer. Aton acted as a bookrunner of the Offer.

CEO of FUTURE Financial Group, Marina Rudneva, has commented:

"IPO of FUTURE Financial Group has attracted considerable interest from a wide set of investors. The book was resigned and the general demand for the IPO price exceeded the supply by more than 1.2 times. We received a large number of bids, including more than 1,000 bids from individuals. We are satisfied with the results of the IPO and consider it to be an important event for the pension market in general."

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.