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	Fitch Ratings
	Moody's Investors Service

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Rating Agency	Rating scale	Date	Rating	Forecast
Moody's Investors Service	Int. Scale (foreign curr)	20.10.2008	B2	Stable
	Int. Scale (foreign curr)	12.08.2008	B2	Positive
	National Scale (Ukraine)	02.06.2009	Withdrawn
	National Scale (Ukraine)	03.07.2008	Aa1.ua	Stable
Fitch Ratings	Int. Scale (foreign curr.)	19.10.2011	B	Stable
		24.09.2010	B	Stable
		06.07.2010	B	Stable
		17.03.2010	B-	Stable
		12.11.2009	B-	Negative
		23.09.2009	B	Negative
		19.02.2009	B	Negative
		20.10.2008	B+	Negative
	National Scale (Ukraine)	19.10.2011	AAA(ukr)	Stable
		24.09.2010	AAA(ukr)	Stable
		06.07.2010	AAA(ukr)	Stable
		17.03.2010	AAA(ukr)	Stable
		12.11.2009	AAA(ukr)	Stable
		23.09.2009	AAA(ukr)	Stable
		19.02.2009	AAA(ukr)	Stable
		20.10.2008	AAA(ukr)	Stable
	Int.l Scale (local curr.)	19.10.2011	B+	Stable
		24.09.2010	B+	Stable
		06.07.2010	B+	Stable
		17.03.2010	B	Stable
		12.11.2009	B	Negative
		23.09.2009	B+	Negative
		19.02.2009	B+	Negative
		20.10.2008	BB-	Negative

Rating Agency	Rating scale	Date	Rating
Moody's Investors Service	National Scale (Ukraine)	03.07.2008	Aa1.ua
	Int. Scale (foreign curr)	02.06.2009	Withdrawn
	Int. Scale (foreign curr)	03.07.2008	Ba2

Rating Agency	Rating scale	Date	Rating
Moody's Investors Service	Int. Scale (foreign curr)	02.06.2009	Withdrawn
Fitch Ratings	National Scale (Ukraine)	19.02.2009	AAA(ukr)
Fitch Ratings	National Scale (Ukraine)	02.07.2008	AAA(ukr)

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Fitch Ratings	Int.l Scale (local curr.)	26.05.2011	B+
Fitch Ratings	National Scale (Ukraine)	26.05.2011	AAA(ukr)

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information

Rating Agency	Rating scale	Date	Rating
Moody's Investors Service	Int. Scale (foreign curr)	02.06.2009	Withdrawn
	Int. Scale (foreign curr)	03.07.2008	Ba2
	National Scale (Ukraine)	03.07.2008	Aa1.ua

Rating Agency	Rating scale	Date	Rating
Moody's Investors Service	Int. Scale (foreign curr)	02.06.2009	Withdrawn
	Int. Scale (foreign curr)	03.07.2008	Ba2
	National Scale (Ukraine)	03.07.2008	Aa1.ua

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