OREANDA-NEWS. On 30 December 2008 was announced, that the EGM elected the new Board of Directors of LSR Group made up of 7 members comprising the four senior managers of the company and three independent non-executive directors.

The new Board of Directors is made up of the following persons:

1. Igor Levit, CEO of LSR Group

2. Mikhail Romanov, Managing Director of LSR Group

3. Elena Tumanova, CFO of LSR Group

4. Dmitri Gontcharov, Managing Director of LSR Europe (LSR Group’s subsidiary)

5. Lauri Ratia, independent non-executive director

6. Sergey Skaterschikov, independent non-executive director

7. Mark Temkin, independent non-executive director

The newly elected Board of Directors of LSR Group re-elected Dmitri Gontcharov, as the Board Chairman as well as the following Committees:

Audit Committee:

- Sergey Skaterschikov— Chairman

- Mikhail Romanov

- Elena Tumanova

Human Resources and Compensation Committee:

- Sergey Skaterschikov— Chairman

- Dmitri Gontcharov

- Mark Temkin

Strategy and Investment Committee:

- Lauri Ratia — Chairman

- Igor Levit

- Sergey Skaterschikov