KYIV, UKRAINE – AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) ( “Avangard”), the leading producer of shell eggs and egg products in Ukraine, today announces the repayment of all of its indebtedness to Public Joint-Stock Company Commercial Bank Finansova Initsiatyva by using some of the proceeds of the recent Notes issuance. Avangard has also withdrawn all deposits held with this bank. The Company redeemed the loans and withdrew the deposits prior to the date prescribed in the Eurobond covenants (31 January 2011).

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