PRESS-RELEASE

(Translation from Russian)

The financial stability rating of Private

JSC IC «Status» is confirmed at the level uaA

May 16, 2012 RA «Expert-Rating» confirms the financial stability rating of Private JSC IC «Status» at the level uaA according to the national scale following the results of the Company’s activity in the Q1 of 2012. The insurance company with rating uaA is characterized by a high financial stability in comparison with other Ukrainian insurers.

Table

Key performance indicators of Private JSC IC «Status» in the Q1 of 2012 (th. UAH, p.p.,%)

Source: The Company’s data; calculations by RA «Expert-Rating»

Confirming the rating of Private JSC IC «Status», the Agency was guided by the following conclusions:

1. As of 31.03.2012 assets of the company have amounted to UAH 136,219 mln that is by 77,67% more than on 31.03.2011. In the period from 31.03.2011 to 31.03.2012 shareholders’ equity of IC «Status» has increased by 52,44% and has amounted to UAH 97,115 mln. The insurer’s liabilities have increased by 201,65% in the same period. Taking into account the increase in liabilities, the capital adequacy ratio has decreased by 243 p.p., but on 31.03.2012 it has remained rather high 248,35%, which still indicates a redundant capitalization of the company.

2. In the period from 31.03.2011 to 31.03.2012 cash on accounts of the insurance company has increased by 141,03% and on 31.03.2012 its amount has equaled to UAH 33,417 mln. Despite the decrease in the cash/liabilities ratio, the liquidity ratio of IC «Status» is estimated by the Agency at a sufficient level and as of 31.03.2012 it has amounted to 85,46%. This is almost by 10 p.p. higher, than the market average.

3. Private JSC IC «Status» has managed to collect UAH 14,943 mln in the Q1 of 2012 that only is by 0,76% less than the same indicator in the Q1 of 2011. Insurance premiums belonged to the reinsurers have decreased by 97,06% following the results of the Q1 of 2012, comparing to the same period of 2011. At the same time, insurance indemnities have increased by 23,75% during the first three months of 2012, comparing to the same quarter of previous year, which hasn’t significantly affected the financial result of the company.

4. The financial result from operating activities of IC «Status» has amounted to UAH 6,468 mln following the results of the Q1 of 2012. ROS has amounted to 43,28% that is by 58,47 p.p. more in comparison with the same indicator of the Q1 of 2011. The company has finished the first quarter of current year with net profit of UAH 6,343 mln that is by 1105,13% more than in the Q1 of 2011. Therefore, ROE has increased from 0,83% up to 6,53%, or by 5,7 p.p.

The insurance company «Status» continues to improve the efficiency of its work by demonstrating good indicators of profitability and liquidity of the company.

Analytical service of RA «Expert-Rating»

Confirmation of Private JSC IC «Status» (english version) - 16.05.2012