Perm Engine Company Gets an A Credit Rating

Perm/March 6, 2012 On March 2, 2012, the Expert RA ratings agency awarded Perm Engine Company an A credit rating. Its prognosis was positive ó PMZ has a highly-diversified business profile, highly-diversified debt structure, from December 31, 2008 to September 30, 2011 the volume of assets increased 28%, and PMZís currency risks are low. State support had a positive influence on the plantís rating. This includes the companyís participation in the federal targeted program ĎDeveloping Russiaís Military-Industrial Complex 2011-2020í, a project which envisages significant budgetary investment in capital construction at PMZ. The rating also reflected positively the high level of quality control management and Perm Engine Companyís good corporate transparency.

Alexey Mikhalev, Managing Director of Perm Engine Company:

"The companyís credit rating is the opinion of experts about the companyís capacity to meet its financial obligations on time and in full. Getting an A credit rating improves our companyís attractiveness to potential partners ó it will be easier to talk to investors, get credit, and win tenders. In the current situation, at a time when we are modernizing production facilities and preparing the company to implement mass production and launch of a new product ó the PD-14 fifth-generation aviation engine ó obtaining a high credit rating will allow the Perm Engine Company to look toward the future with greater confidence.

Perm Engine Company (PMZ) mass produces aviation engines for civil and military applications, as well as industrial gas turbine units for power stations and gas transportation.

PMZ is a part of the United Engine Corporation, a wholly-owned subsidiary of OBORONPROM specializing in engine-building assets.

OBORONPROM is a multi-faceted machine-building group of companies, founded in 2002. It is a part of the Russian Technologies group of companies. Its primary activities include helicopter building (Russian Helicopters) and engine-building (UEC).

Tel/Fax (342) 240-86-16, 240-89-77,,
93 Komsomolsky Prospekt, Perm