JSC MRSK Holding (MRSK) - Yantarenergo Appoints General Director RNS Number : 2448P MRSK Holding 22 October 2012 The following amendment has been made to the 'Yantarenergo Appoints General Director' announcement released on 22/10/2012 at 14:29 under RNS No 2343P14. The appointment follows the meeting of Board of Directors оf Yantarenergo held 19 October 2012. All other details remain unchanged. The full amended text is shown below. 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 19 October 2012. 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 END RDNLLFISIELFFIF -0- Oct/22/2012 14:07 GMT
JSC MRSK Holding MRSK Yantarenergo Appoints General Director
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