JSC MRSK Holding MRSK Appointment of Acting General Director

  JSC MRSK Holding (MRSK) - Appointment of Acting General Director

RNS Number : 3592S
MRSK Holding
29 November 2012




                                      

                                      

                                 MRSK Holding

       Alexey Demidov appointed acting Director General of MRSK-Centre



29November2012, Moscow, Russia - MRSK  Holding (LSE: MRSK) (the  "Company"), 
the largest electricity distribution grid  company in Russia, today  announces 
that the Board of Directors of  JSC MRSK-Centre, a subsidiary of the  Company, 
has decided  to terminate  early the  responsibilities of  Dmitry Gudgoyan  as 
Director General of JSC MRSK-Centre on November 27, 2012.



The Board of Directors of JSC MRSK-Centre has appointed Alexey Demidov,  First 
Deputy of Operating Director of the Company, as Acting Director Generalof JSC
MRSK-Centre, effective November 28, 2012.



The decision  was taken  at  the meeting  of the  Board  of Directors  of  JSC 
MRSK-Centre which was held on November 28, 2012.



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For further information:

MRSK Holding

Julia  Martynova,   IR    
 +7(495) 995 5333 (ext. 2070)



FTI Consulting 

Larisa             Millings              /             Marc              Cohen 

+44 20 7831 3113

Oleg            Leonov            /            Maria            Shiryaevskaya 
  +7  (495) 
795 0623



MRSK Holding is the  largest electricity distribution  grid company in  Russia 
and, the Company believes,  one of the  largest electricity distribution  grid 
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


BOALLFVELILAFIF -0- Nov/29/2012 15:31 GMT
 
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