JSC MRSK Holding MRSK Yantarenergo General Director appointment

  JSC MRSK Holding (MRSK) - Yantarenergo General Director appointment

RNS Number : 2343P
MRSK Holding
22 October 2012

                                 MRSK Holding

        JSC Yantarenergo Board of Directors Appoints General Director

22 October 2012. Moscow, Russia. -  MRSK Holding (LSE: MRSK) ("the  Company"), 
the largest electricity distribution grid  company in Russia, today  announces 
that Igor Makovsky has  been appointed Director  General of JSC  Yantarenergo 
("Yantarenergo"), a  wholly  owned subsidiary  of  the Company,  effective  19 
October 2012.  Prior  to this  appointment,  Igor Makovsky  served  as  Acting 
Director General of Yantarenergo.

The appointment follows the meeting of Board of Directors оf Yantarenergo held

Prior to joining Yantarenergo, Mr Makovsky  served as Director General of  OOO 
ZhBI-1 Plant. Between  2010 and  2011, he was  Deputy Head  of the  North-West 
division of  the Federal  Service for  Ecological, Technological  and  Nuclear 
Supervision in Kaliningrad, Russia.  From 2006 until  2010, Igor Makovsky  was 
Director of the Regional Power Company, a regional state unitary  enterprise. 
He also  served as  a member  of Kaliningrad's  District Council  of  Deputies 
between 2009 and 2010. Between 2005  and 2006, Igor Makovsky was Chairman  of 
the Management Board (Director General) of OOO European Industrial Group.

For further information:

MRSK Holding

Maria Stepanova, Head of IR +7(495) 995 53 33 ext 64 27

FTI Consulting

Larisa Millings / Marc Cohen +44 20 7831 3113

Oleg Leonov / Maria Shiryaevskaya +7495795 0623

MRSK Holding is the  largest electricity grid  distribution company in  Russia 
and, the Company believes,  one of the  largest electricity grid  distribution 
companies  in  the  world  by  length  of  distribution  lines  and  installed 
transformer  capacity.  MRSK  Holding  holds  interests  in  and  manages   11 
interregional and five regional distribution  grid companies in Russia. As  at 
31 December  2011,  MRSK Holding  together  with its  subsidiaries  owned  and 
operated approximately  2.1  million kilometres  of  electricity  distribution 
lines with a total  installed transformer capacity  of approximately 395  GVA. 
Through its  subsidiaries,  the Company  operates  in 69  regions  of  Russia, 
covering an area of  approximately 7.8 million  square kilometres occupied  by 
approximately 85 percent  of Russia's total  population according to  Rosstat. 
The Company  reported  revenues  of  RUB  302.7  billion  and  net  profit  of 
RUB15.6billion for the first half of 2012.

Some of the  information in  this press  release may  contain projections  or 
other  forward-looking  statements  regarding  future  events  or  the  future 
financial performance  of  MRSK  Holding. 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 that 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 Russia, rapid technological and market change  in 
our industry, as well as many other risks specifically related to MRSK Holding
and its operations.

                     This information is provided by RNS
           The company news service from the London Stock Exchange


RDNZMMZGFZVGZZM -0- Oct/22/2012 13:29 GMT
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