Bond issuance – December 2015

Issue Information:

• Issuer – Georgian Water and Power LLC
• Offering –  GEL 6,000,000 (six million Georgian Lari)
• Bond Issuance and Placement Date – 9 December, 2015
• Tenor – 2 years (maturity date: 9 December, 2017)
• Currency – Georgian Lari
• Nominal Value – GEL 1,000 (one thousand Georgian Lari)
• Interest (coupon) – The Bonds bear interest at the rate of 750 basis points premium over the NBG Monetary Policy (refinancing) Rate*
• Interest Payment – on quarterly basis
• Minimum placement Lot – 10 bonds, GEL 10,000 (ten thousand Georgian Lari)
• Sale of bonds – The bonds shall be sold through brokerage company on the secondary market. The bonds will be admitted to trading on the Georgian Stock Exchange (GSE)
• Placement Agent – JSC Galt & Taggart, JSC PASHA Bank Georgia

*Before taxes payable according to Georgian legislation. Please see the Prospectus (attached file, page 81) for further details about taxation of the bonds.

 - The Bond Prospectus - December 2015

  - Order of the National Bank of Georgia on the final prospect, December 7, 2015

  - Order of the National Bank of Georgia on the Assignment of International Identification Code, December 7, 2015

 -  Audited Financial Statements of Georgian Water and Power Ltd, 2014