DTEK increased coal exports by 68.1% YoY to 1.17 million tons

Indicative world indexes fell due to decreased basic demand in the Eurozone and China. In 1Q 2014, European prices for coal (API2 index) decreased by 9% YoY. Price quotations for Australian Hard Coking Coal (FOB Australia), which define world prices for anthracite, declined by 26% YoY.

DTEK entered the international freight market in 2013 and continued chartering vessels under optimal market conditions in 1Q 2014. We concluded agreements for chartering more than 1 million tons of coal in 1Q 2014, which exceeded the overall volumes chartered in 2013.

Expansion of cooperation with countries to which shipments were made in 1Q 2013: India — 106,500 tons (exports more than doubled), Russia — 213,000 tons (+44.9%), Turkey — 203,900 tons (more than four times higher), USA — 48,800 tons (exports more than doubled). Renewal of exports of A-grade coal to India.

Entering new coal export markets: Brazil — 55,000 tons, Morocco — 71,000 tons, and Great Britain — 250,000 tons/

Raising the efficiency of export transactions and increasing the share of direct sales to end consumers.

Coal supplies to Ukrainian industrial consumers rose by 9.2% YoY to 310,000 tons in 1Q 2014. The growth was related to an almost double increase in coal shipments for coking (151,000 tons).