DONETSK RAILWAY.......ob da noch Züge fahren.....

U.S.$500,000,000 9.5 per cent. Loan Participation Notes due 2018 ISSUED BY, BUT WITH LIMITED RECOURSE TO, SHORTLINE PLC FOR THE SOLE PURPOSE OF FINANCING LOANS MADE TO EACH OF STATE ENTERPRISE “DONETSK RAILWAY” (DERZHAVNE PIDPRYIEMSTVO “DONETSKA ZALIZNYTSIA”), STATE REGIONAL SPECIALISED ASSOCIATION “LVIV RAILWAY” (DERZHAVNE TERYTORIALNO-GALUZEVE OBIEDNANNYA “LVIVSKA ZALIZNYTSIA”), STATE ENTERPRISE “ODESA RAILWAY” (DERZHAVNE PIDPRYIEMSTVO “ODESKA ZALIZNYTSIA”), STATE ENTERPRISE “PRYDNIPROVSKA RAILWAY” (DERZHAVNE PIDPRYIEMSTVO “PRYDNIPROVSKA ZALIZNYTSIA”), STATE ENTERPRISE “SOUTH RAILWAY” (DERZHAVNE PIDPRYIEMSTVO “PIVDENNA ZALIZNYTSIA”), AND STATE REGIONAL SPECIALISED ASSOCIATION “SOUTHWEST RAILWAY” (DERZHAVNE TERYTORIALNO-GALUZEVE OBIEDNANNYA “PIVDENNO-ZAKHIDNA ZALIZNYTSIA”) SUCH LOANS ISSUED WITH THE BENEFIT OF UNCONDITIONAL AND IRREVOCABLE SURETYSHIPS PROVIDED ON A JOINT AND SEVERAL BASIS BY EACH OF THE SURETIES (AS DEFINED BELOW)