AVGR.L Regulatory News (AVGR)

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

NOTES ISSUE COMPLETION

KYIV, UKRAINE - AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) (the "Company" or "Avangard"), the leading producer of shell eggs and egg products in Ukraine, announces the completion of USD 200 million 10% Notes issue due 29 October 2015 (the "Notes").

The Notes have been admitted to the official list of the UK Listing Authority and to trading on London Stock Exchange plc's regulated market with effect from 1 November 2010.

The Company intends to use certain of the net proceeds to repay approximately USD 170 million of its indebtedness, including all indebtedness owed to Public Joint-Stock Company "Commercial Bank "Finansova Initiatyva"; and to use remaining net proceeds, together with funds from other sources, including the operating cash flows and proceeds from other loans, to expand the operations of its Imperovo egg processing plant.

J.P. Morgan and Troika Dialog acted as Joint Bookrunners and Joint Lead Managers of the issue.

Nataliya Vasylyuk, Chief Executive Officer of Avangard, said:

«We are pleased with the outcome of this bond transaction which allows us to optimise our debt structure and provides funding for further expansion of our egg products business segment».

- Ends -

For further information please contact:

For investor relations enquiries:

Victoria Korolchuk

Avangard

Head of Investor Relations

phone.: +38 044 593 28 60

mob.: +38 067 214 84 23

e-mail: v.korolchuk@avangard.co.ua

Notes to Editors

The Company is a holding company for a group (the "Group") that is one of the leading agro-industrial companies in Ukraine, focusing on the production of shell eggs and egg products. Avangard is the number one producer of shell eggs and dry egg products in Ukraine with a market share of approximately 23% (including 39% of industrially produced shell eggs) and 52% respectively in 2009. As of 30 June 2010, Avangard's flock consisted of approximately 18.6 million birds. Avangard's production facilities are located across 14 regions in Ukraine and also in the Autonomous Republic of Crimea. In 2009 Avangard exported its shell eggs and egg products to 16 countries mainly in the Middle East and Asia. In 2009, the Company generated revenues of USD 319.855 million (2008: USD 302.292 million), EBITDA of USD 152.092 million (2008: USD 113.738 million). Avangard's global depositary receipts have been admitted to the official list of the UK Listing Authority and to trading on London Stock Exchange plc's regulated market since 6 May 2010..

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This document is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any states of the United States and the District of Columbia). This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in Australia, Canada, Japan or the United States or in any jurisdiction to whom, or in which such offer or solicitation is unlawful. The Notes issued by Avangardco Investments Public Limited (the Issuer), may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act 1933, as amended (the Securities Act)) absent registration from or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes have not been, nor will be, registered under the Securities Act. There will be no public offer of the Notes in the United States. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the applicable securities laws of Australia, Canada or Japan.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as relevant persons). The Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

This document is not an advertisement of securities in Ukraine, and is not an offer or invitation to, or solicitation of, any such circulation, distribution, placement, sale, purchase or other transfer of the Notes in the territory of Ukraine. It is not intended to be and must not be publicly distributed in or into Ukraine.

This document does not constitute investment advice or a recommendation under Cyprus law, nor does it constitute an offer or advertisement of securities in Cyprus, it is not intended to be and must not be distributed to the information distribution channels or the public in Cyprus, nor (when distributed by a duly licensed investment firm established or operating through a branch in Cyprus) to any person in Cyprus other than a "professional client" as defined in the Law on Investment Services and Activities and Regulated Markets (Law No. 144 (I) 2007).

The material and publicity statements may not be used for invitation or solicitation purposes for or in connection with the sale, marketing, offering or acquisition of the Notes in circumstances under which is unlawful under Cyprus laws to make such an offer or solicitation.

This announcement is not a prospectus but constitutes an advertisement in respect of the Notes for the purposes of the United Kingdom Financial Services Authority's prospectus rules. The Prospectus has been made available to the public in accordance with EU Directive 2003/71/EC (the Prospectus Directive) and/or Part VI of the Financial Services and Markets Act 2000 (the FSMA). Investors should not subscribe for the Notes except on the basis of information contained in the Prospectus.