Amsterdam, the Netherlands, August 3rd, 2018, the FreezeOil Fund (“FreezeOil” or
the “Fund”) – a Dutch investment entity, reports on the dissolution of its relationship
with Ukrainian operator Euro Power Ltd as per August 1, 2018.
The agreement with Euro Power, for the rental of all 63 fueling stations, owned by
FreezeOil Fund and its subsidiaries, has been terminated. The Fund is currently in a
process of retrieving all the 63 assets that were rented out to Euro Power.
The Chairman of the Fund, Prof. Ir. Roland Pieper, expects that all assets of the Fund,
retained by Euro Power, are in proper condition and will be returned to the Fund in a
“I am pleased to report that we have already concluded new lease agreements for all
fueling stations”, stated Prof. Pieper. “We expect to make more information available
shortly”, he concluded.
Euro Power Ltd.
Ukrainian based Euro Power was renting the assets of the Fund for its fueling chain,
operating under “BRSM-Nafta” brand.
FreezeOil Foundation is a Dutch-based holding company established for the purpose of
investments in the emerging Eastern European energy markets. Besides of other
special purpose vehicles of Mr. Roland Pieper (advanced technologies,
telecommunications) FreezeOil is organized for the Ukraine in particular. Mr. Roland
Pieper is a well-known international entrepreneur, operating in the USA, CIS countries,
China and Europe.
Web page of the Fund: http://freezeoil.nl/
Contact in the Netherlands:
MCS PR Perlita Fränkel
T: +31 (0)6 546 85 192
Some of the information in this press release may contain projections or other forwardlooking
statements regarding future events or the future financial performance. You
can identify forward looking statements by terms such as “expect,” “believe,”
“anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might” the negative of such
terms or other similar expressions. We wish to caution you that these statements are
only predictions and these actual events or results may differ materially. We do not
intend to update these statements to reflect events and circumstances occurring after
the date hereof or to reflect the occurrence of unanticipated events. Many factors could
cause the actual results to differ materially from those contained in our projections or
forward-looking statements, including, among others, general economic conditions, our
competitive environment, risks associated with operating in Ukraine, rapid technological
and market change in our industries, as well as many other risks specifically related to
BRSM-Nafta and its operations.
This document does not constitute or form part of any offer or invitation to sell or
issue, or any solicitation of any offer to purchase or subscribe for, any shares or other
securities of FreezeOil or BRSM-Nafta or any of their respective subsidiaries or affiliated
companies, nor shall any part of it nor the fact of its distribution form part of or be
relied on in connection with any contract or investment decision relating thereto, nor
does it constitute a recommendation regarding the shares or securities of FreezeOil or
BRSM-Nafta or any of their respective subsidiaries and affiliated companies.