Evropeyskaya Elektrotekhnica wins a tender held by JSC UEC-Gas Turbines for the first time

Evropeyskaya Elektrotekhnica wins a tender held by JSC UEC-Gas Turbines for the first time

October 30, 2018. Moscow – PJSC Evropeyskaya Elektrotekhnica (hereinafter, "Company"), a leading company in the Russian engineering market, announces that it has won the tender held by JSC UEC-Gas Turbines (hereinafter, "UEC-GT").

Ilya Kalenkov, General Director of PJSC Evropeyskaya Elektrotekhnica, commented on the victory: Our Company highly appreciates the opportunity to work together with one of the leading Russian machine building companies. We expect to contribute to the successful and smooth development of the domestic machine building industry, which is a sector of vital importance for the country due in part to the ongoing national import substitution programs.

At the first stage of cooperation, we plan to supply modern penetrating items for JSC UEC-Gas Turbines. We typically focus on long-term cooperation with our clients and partners, which is facilitated by ensuring a supply of high quality products, making use of our federal logistics platform, and providing an efficient service.

REFERENCE:

Joint Stock Company UEC-Gas Turbines is the integrator and complex supplier of highly efficient energy equipment for PJSC Gazprom, power utilities companies, housing and utilities enterprises, oil and gas companies, energy intensive industrial enterprises.

Joint Stock Company UEC-Gas Turbines is the leading company of the United Engine Corporation (JSC UEC) in the field of manufacturing of power generating and gas compressor sets, as well as in complex building of energy generating assets. The company's head office is located in the town of Rybinsk.

JSC UEC is a part of Rostec State Corporation. It is the integrated structure specializing in the development, serial production and servicing of engines for military and civil aviation, space programs and the navy, as well as the Oil&Gas industry and the power utilities. One of the priorities of JSC UEC is the implementation of comprehensive programs for the development of industry enterprises with the introduction of new technologies that meet international standards.

Sources: http://odk-gt.ru , https://ru.wikipedia.org/wiki/ОДК_—_Газовые_турбины

About the Group of Companies PJSC Evropeyskaya Elektrotekhnica

PJSC Evropeyskaya Elektrotekhnica (MOEX: EELT) provides comprehensive services in the sphere of creating energy and electric power supply systems, electric lighting systems, and low current systems at all types of facilities, as well as industrial electric heating systems.

The Company has been working in the electrical engineering market since 2004, and at present has its own engineering and production facilities. The Company is one of the leading distributors of electrical equipment in Russia, offering customers a wide range of products made both in Russia and abroad. Thanks to a well-organized and efficient logistics system, the Company is able to supply products (including oversize loads) all over Russia, including to hard-to-reach areas of the North, as well as Belarus, Kazakhstan, Turkmenistan, Kyrgyzstan and Uzbekistan. The Company established its own production of transformer substations, electric switchboard equipment of any complexity (up to 6300A), electric lighting systems and electric heating systems.

The Company implements projects in the Oil&Gas sector, electric power sector, nuclear industry, metal industry, mining industry, and manufacturing industry and at transport infrastructure facilities. Evropeyskaya Elektrotekhnica's customers include companies such as Rosneft, Gazprom, NOVATEK, LUKOIL, and Nizhnekamskneftekhim. The Company's projects include Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, and the Domodedovo, Sheremetyevo, and Pulkovo airports, etc.

Since 2018, the Group has been producing highly efficient modular process equipment for clients in Oil&Gas and petrochemical markets at the site of its subsidiary ROG-Engineering, a research and production company in Ufa (Republic of Bashkortostan, Russia).

Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS):

The number of employees is about 400 (as of June 30, 2018). Since September 2017, common shares of PJSC Evropeyskaya Elektrotekhnica are traded on the Moscow Exchange with trading code EELT.

In June 2018, the Company was named "Leader of Import Substitution" at the "Leader of Competitive Sales" annual national awards, in which 450 domestic suppliers from various industries took part.

Contacts:

PJSC Evropeyskaya Elektrotekhnica

Tel .: +7 (495) 640-93-48

Mailing address: Building 3, 1 Lyotchika Babushkina St., Moscow, 129344

For more information, please contact:

Stanislav Martyushev

Director for Corporate Communications and Investor Relations

PJSC Evropeyskaya Elektrotekhnica

Tel. +7 (495) 640-93-48, ext. 164       

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