Contract with Metalloinvest extended for 3 years

For immediate release 29 December 2016

Globaltrans Investment PLC

Service contract with Metalloinvest extended for further 3 years

Globaltrans Investment PLC (together with its consolidated subsidiaries the "Company", "Globaltrans" or the "Group", LSE ticker: GLTR) today announces that the Group has extended the long-term service contract with Metalloinvest, a leading global iron ore and HBI producer, for a further three-year period. The key terms of the contract remain unchanged - Globaltrans will continue servicing 100% of Metalloinvest's freight rail transportation needs.

"Client service is at the heart of everything we do. We are pleased to continue our highly successful partnership with Metalloinvest which we have been building for many years," said Valery Shpakov, CEO at Globaltrans.

"The contract extension builds on years of hard work and a rewarding business relationship. As in the past, we look forward to the exceptional service we have received from Globaltrans," said Andrey Varichev, CEO at Metalloinvest.

ENQUIRIES

Globaltrans Investor Relations

Mikhail Perestyuk / Daria Plotnikova

+357 25 328 860

irteam@globaltrans.com

For international media

Teneo Blue Rubicon

Laura Gilbert / Sabine Pirone

+44 20 7260 2700

globaltrans@teneobluerubicon.com

LEGAL DISCLAIMER

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.