OPERATIONAL UPDATE, January 2016
29 February, 2016
Key Events of January 2016
/02
 During the winter period Mriya Agro Holding is focusing on preparation and repairs of the equipment for the upcoming
spring season and on professional education and training of its personnel.
 Mriya has repaid almost $16 million of the $25 million of Working Capital facility that it raised in June 2015. The
repayment period of the c. $9 million balance approved by the Working Capital providers is until 30 April 2016. The
available cash of up to c. $9 million is pledged to the Working Capital providers on a ring fenced account with the
agent bank.
 Currently, the company is in negotiations to obtain working capital for the 2016 season.
 The non-binding Head of Terms for the debt restructuring have been agreed by the Bank and Bondholder Coordinating
Committees and presented to the rest of the banks. To proceed with implementation of the debt restructuring, the
company together with its legal counsel, the Provisional Liquidator and the creditors’ financial advisors is in the
process of drafting restructuring agreement between all the creditors.
Agricultural Operations
/03
Winter crops 2015/16 - Sowing
Crop
Wheat
Rapeseed
Total
In ground as of
31/01/16, kha
61,4
12,1**
73,5
Comments
Total planned
and sown*, kha
60,6
20,6
81,3
Completion, %

101%
59%
90%

* Total planned area reduced from 97,4 kha to 81,3 kha due to the land bank rationalization
**Taking into account the loss of 8,5 kha of rapeseed in November due to weather conditions

The weather conditions in January were in
general favourable and without severe frosts, so
even the lack of snow in the fields didn’t have
any negative impact on the crops. Therefore,
winter crops are forecasted to be in a good
condition.
The company is preparing an audit of winter
crops in early March and currently developing the
respective audit plan.
The company has been carrying scheduled
maintenance and repairs of its equipment in
preparation for the next season.
/04
Crop Sales
Comments
Sales volumes shipped
Shipped Dec 2015,
kmt
Shipped Jan 2016,
kmt
33,17
13,50
1,65
48,32
5,88
1,50
0,17
7,55
Crop
Shipped Dec 2015,
kmt
Shipped Jan 2016,
kmt
Export
Domestic sales
Total
44,50
3,82
48,32
5,88
1,67
7,55
Crop
Grains
Oilseeds
Other
Total
Inventory in elevators
Crop
Grains
Oilseeds
Other
Total
As of 31 Dec,
kmt
17,98
4,30
1,75
24,03
As of 31 Jan,
kmt
Change in
inventory, kmt
12,23
3,03
1,53
16,79
-5,75
-1,27
-0,22
-7,24

Mriya has completed the delivery of its
contractual obligations for the sale and export of
its 2015 crop.

The balance of the inventory has been sold and
delivered during February. Until delivery, the
inventory belonged to the group’s newly created
trading companies which have no liabilities to
legacy creditors and is pledged to the W/C
lenders.

Prices are within the forecast range.
Thank You
10, Mazepa St
Ternopil 46009, Ukraine
Hotline: 0800-508-805
E-mail: investor@mriya.ua
55-B, Khoryva St
Kyiv 04071, Ukraine