The Cabinet of Ministers of Ukraine has announced today that it has accepted the proposal of the National Bank of Ukraine to withdraw JSC Sense Bank from the market. As a result, the Ministry of Finance of Ukraine will acquire 100% shares of JSC Sense Bank for a nominal amount of one Ukrainian hryvnia.

This action by the Ukrainian State constitutes expropriation of JSC Sense Bank, and ABH Holdings S.A. will be taking all available domestic and international legal measures in order to protect its investment and seek full compensation of damages.