NET PROFIT OF JSC "UAC" INCREASED BY 3 TIMES

Moscow, August 14, 2014 – Joint Stock Company “United Aircraft Corporation” (MOEX: UNAC) announces unaudited standalone financial statements for 1H2014 in compliance with the Russian Accounting Standards (RAS).

Revenue of JSC “UAC” for 1H2014 decreased by 50.8% and amounted to RUB 1.4 bln. At the same time, the Company expects y-o-y revenue growth of almost 3 times in 2014 ─ to RUB 30.0-35.0 bln, which will be provided primarily through the implementation of service contracts for the Ministry of Defense of the Russian Federation and an increase in the aircraft supply by the holding company of the Corporation.

Despite the fact that the Company got operating loss of RUB 0.9 bln in the 1H2014, financial results (achieved mainly due to interest income and foreign exchange gains) enabled the Company to increase net profit by 3 times h-o-h to RUB1.5 bln and get net profit margin of 112.5%.

Moreover, net debt of JSC “UAC” compared to the beginning of the year reduced by almost RUB 10 bln (32.3%).

Financial statements of JSC “UAC” for 1H2014 in compliance with RAS are available for download at the Company’s website (in Russian): http://www.uacrussia.ru/ru/investors/reports/financial_reports/.