Pharmacy Chain 36.6 announces closing of the book-building period

12:00 – LONDON, 15:00 – MOSCOW.

OAO Pharmacy Chain 36.6 [RTS: APTK; MICEX: RU14APTK1007] announces closing of the book-building period for the placement of shares of OAO Veropharm [RTS: VRPH]. The price for one ordinary share has been set at USD28.00. It is expected that about 49.9% of the total of 10 million of outstanding shares of OAO Veropharm, currently owned by Pharmacy Chain 36.6 and Troika Dialog, will be sold. More then 200 institutional and private investors placed their orders with Troika Dialog, the lead manager and bookrunner of the placement. All its proceeds Pharmacy Chain 36.6 is planning to invest in further development of the chain.

OAO Veropharm is one of the leading Russian generics producers. It manufactures over 180 pharmaceutical products and more than 100 variations of adhesive bandages. Company’s production facilities are located in Belgorod, Voronezh and Pokrov (Vladimir region). Veropharm’s sales increased by 33% in 2005 and reached approximately USD80 million. Veropharm’s debt totaled about USD15 million as of March 31, 2006.

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Press-release