Renova Group Buys Octo Telematics

Milan, February 4, 2014. Renova Group of companies has acquired 100% shares in Octo Telematics from structures associated with the Italian group Montezemolo&Partners and its co-investors Amadeus Capital Partners and Keensight Capital. Octo Telematics is the global brand leader in providing insurance telematics services (smart insurance). Moreover, the company is a developer of a fast growing range of specialist applications for insurance and transport companies to optimize fleet management. Today, Octo Telematics has 8 out of the worlds largest car insurers as clients. Based in Rome and London, Octo Telematics has a number of subsidiaries in more than 20 countries all over the world.

The arrival of the new strategic investor has been strongly supported by the current top management team who will continue to manage the company. Finalizing the transaction is subject to obtaining all necessary authorizations from antitrust authorities.

Viktor Vekselberg, Chairman of the Board of Directors of Renova Group of companies, made the following comment on the transaction: We believe, that Octo Telematics has a huge market potential almost all over the world. But the special focus will be given on the penetration of the companys technologies into the Russian market, where they are unique and can give a perfect synergy in collaboration with the Russian satellite navigation system GLONASS. This purchase perfectly matches the strategy of Renova Group which implies gradual transition to investments in high-tech and innovative sectors.

"I am very satisfied to know that the new shareholder of Octo Telematics will be Renova Group", declares Luca di Montezemolo - Honorary Chairman of Montezemolo & Partners SGR S.p.A. I personally support Renova's strategic decision in having invested in Octo as the market leader and the ideal platform to catch the tremendous growth that the Telematic industry is having worldwide".
Fabio Sbianchi, CEO of Octo Telematics S.p.A. concluded: I strongly share the rationale of Renova as our shareholder underlying this acquisition. Octo Telematics has a history of innovation and success that with Renova Group will allow the company to continue its growth in worldwide.

About Renova Group of companies (www.renova.ru):
Renova Group is a major private Russian business group which owns and manages assets in metallurgy, mining, chemical, construction, transport, energy, telecommunications, high-tech engineering, public utilities, medical and financial sectors in Russia and abroad (CIS, Switzerland, Italy, South Africa, and the United States of America). Renovas largest assets include interests in UC RUSAL, Integrated Energy Systems and Swiss-based high-tech engineering concerns OC Oerlikon, Sulzer and Schmolz+Bickenbach.
Montezemolo&Partners SGR SpA has been established in 2002 with the goal to make private equity investments in leading companies with strong international growth potential. Since its establishment, M&P SGR has created Charme I, which has made 5 investments that include, among others, the creation of Poltrona Frau Group, the world leader in the luxury furniture. The group is listed since November 2006 on the Star segment of the Italian Stock Exchange.
In 2009, M&P SGR has established Charme II, with 340 million euro of commitments taken by some important families, entrepreneurs and financial institutions, among others, the Royal Family of Abu Dhabi, the Royal family of Bahrain, the Bouygues family, Ratan Tata and Santander Bank.

For all questions please contact:
Andrey Shtorkh, official spokesperson for Renova Group of companies
E-mail: smi@renova-group.ru

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