S.N.G.N RomGaz S.A. joins the Main Market

S.N.G.N RomGaz S.A. joins the Main Market

Tuesday 12th November 2013

Today London Stock Exchange welcomes S.N.G.N Romgaz S.A. to open its first day of trading, marking the successful listing of the Company’s shares in the form of GDRs on the Exchange’s Main Market.

S.N.G.N Romgaz S.A., Romanian’s largest natural gas producer and supplier, recently completed the largest ever IPO by a Romanian company and this is the first time that a Romanian privatised company has listed on an international exchange.

S.N.G.N Romgaz S.A. raised RON1.7 million (US$534 million) and each Share was priced at RON30, equating to a US dollar pricing of US$9.25 per GDR, valuing the Company at RON11.6 billion (US$3.6 billion).

Victor Ponta, Prime Minister of Romania, said:

"We are delighted to be here to open the first day of trading of Romgaz, the first Romanian privatised company to list on the London Stock Exchange. This offering has attracted a wide range of Romanian and international investors who have shown their confidence in the strategy and growth prospects of Romgaz. This IPO is the platform to introduce investors to other sectors of the Romanian economy which has significant potential for further growth and development."

Goldman Sachs International and Erste Group Bank AG acted as Joint Global Coordinators and Joint Bookrunners. Banca Comerciala Romana S.A. and SSIF Raiffeisen Capital & Investment S.A. acted as Domestic Lead Managers. Clifford Chance, through its London and Bucharest offices, acted as the main legal counsel.