SINTEZ Group Advances to Final Round in Privatization of Greece's DEPA and DESFA

  SINTEZ Group Advances to Final Round in Privatization of Greece's DEPA and

  PR Newswire

  MOSCOW, January 17, 2013

MOSCOW, January 17, 2013 /PRNewswire/ --

SINTEZ Group, the independent and privately-held Russian energy company, was
informed by the Hellenic Republic Asset Development Fund (HRADF) that its
subsidiary Negusneft OJSC has been selected to advance to the final round in
the privatization of Greece's national gas company DEPA and gas grid operator

SINTEZ Group and its advisers will now carry out the further due diligence
required to make a comprehensive binding offer for the companies.

"We are pleased to have progressed to the final bidding round in the
privatization process and we reaffirm our strong interest in the DEPA and
DESFA businesses. SINTEZ Group is an independent company and we do not have
the conflicts of interests as with some other bidders, who are state-owned gas
producers. If we win the DEPA/DESFA auction we will be committed to comply in
full with EU energy regulation, while at the same time diversifying gas
supplies and investing in infrastructure to transform Greece into a natural
gas transit hub. We remain confident that given our strategic focus on the
Balkans and relevant sector expertise, SINTEZ Group is the right fit to
further develop DEPA and DESFA," said Andrey Korolev, Chief Executive Officer
of SINTEZ Group.


SINTEZ Group is is a privately held Russian company with diversified holdings
in the power, oil and gas and property development sectors.The Group
currently operates in Russia, Macedonia, Bulgaria and Indonesia. Its core
assets are Russia's Territorial Generating Company 2 (2532.5 MW capacity), the
Combined-cycle Power and Heat Plant (220 MW and 160 Gcal/hcapacity) in
Skopje, Macedonia and the Varyngskoye oilfield in West Siberia region of
Russia. More information can be found on the Group website:

For more information please contact: Thomas Kiehn, M: Communications +44(0)782-794-3034 (London) +7-916-444-0930 (Moscow)
Evgeniya Yashina, SINTEZ Group
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