DGAP-News: Far Eastern Shipping Company: FESCO, MARUBENI CORPORATION and United Grain Company have signed a memorandum of

DGAP-News: Far Eastern Shipping Company: FESCO, MARUBENI CORPORATION and United 
Grain Company have signed a memorandum of cooperation

EquityStory.RS, LLC-News: Far Eastern Shipping Company / Key word(s):
Miscellaneous
Far Eastern Shipping Company: FESCO, MARUBENI CORPORATION and United
Grain Company have signed a memorandum of cooperation

19.03.2014 / 08:33

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19th March 2014

FESCO, MARUBENI CORPORATION and United Grain Company have signed a
memorandum of cooperation

On March 19, 2014 in Tokyo, the representatives of FESCO, Marubeni
Corporation and United Grain Company signed a memorandum on cooperation
within the framework of increasing the volume of grain exports from the
ports of the Far Eastern Region of the Russian Federation as part of the
Russian-Japanese investment forum.

The memorandum was signed by Mr. Arkady Korosteljov, Vice President for
trading, FESCO, Mr. Daytsuke Okada, Managing Director and Board Member,
Marubeni Corporation and Mr. Aram Gukasyan, Acting Director General, United
Grain Company.

In accordance with the Agreement, it is expected that the first phase of
project implementation in terms of the volume of grain exports from the Far
East will amount to 100,000 tons.

Volumes of grain exports may be further increased to 5 million tons. Grain
supplies will be administered to Japan, South Korea, China, Taiwan and
other countries in Southeast Asia.

The construction of grain terminal is planned for the development of
cooperation in the line of grain export in the Far Eastern port Zarubino.

The parties confirmed their interest in implementing all the commitments
and deepening the mutually beneficial cooperation within the framework of
this agreement.

About Fesco 
FESCO is one of the leading privately-owned transportation and logistics
companies in Russia with operations in ports, rail, integrated logistics
and shipping business. Diversified but integrated asset portfolio enables
FESCO to provide door-to-door logistics solutions and control almost all
steps of the intermodal transportation value chain. FESCO is the leader of
container transportation through the Far East via international sea
container lines to/from Asian countries, domestic sea container lines and
by rail, as well as the leading port container operator in the Far East.
The majority of FESCO's operations are located in the Russian Far East and
the Group benefits from growing trade volumes between Russia and Asian
countries. FESCO controls the Commercial Port of Vladivostok, which has
throughput capacity of 3.9 million tons of general cargo and oil products,
150,000 vehicles and over 600,000 TEUs in containers. FESCO is among the 10
largest Russian private rail operators, operating under "Transgarant" (100%
subsidiary of FESCO) and "Russian Troika" (50% joint venture with Russian
Railways) brands. "Transgarant" operates a fleet of 16.1 thousand units of
rolling stock, while "Russian Troyka" operates a fleet of 1.7 thousand
container platforms. FESCO has a fleet of 24 vessels, mostly deployed
through own sea service lines, and 4 icebreakers leased under long-term
contracts.

About Marubeni Corporation 
< Marubeni Corporation> is one of the largest trading companies, or "sogo
shosha", in Japan.
Our operations include import, export, and offshore trade, project
management, and the marketing of finished products, as well as business
investment across a range of sectors including manufacturing.

About OZK
United Grain Company, OJSC, was established on the basis of the Russian
Agency for Market Regulation in accordance with the Decree of the President
of the Russian Federation No 290 dated March 20, 2009. UGC is a state agent
in purchasing and commodity interventions on the grain market which aim is
to support domestic agricultural producers and increase their competitive
advantage.
UGС operates and manages 12 grain elevators with a total capacity of 1.8
million tons and 14 processing plants with a capacity of 1.2 million tons
in 18 constituent unities of the Russian Federation, as well as one of the
country's largest port handling companies -   JSC "Novorossiysky Combinat
Khleboproduktov".
The share of the Russian Federation in the charter capital of UGC is 50%
plus one voting share; the other shareholder of the company is Summa Group.


End of Corporate News

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