OREANDA-NEWS. September 30, 2011. Cherkizovo Group announces its intention to purchase ordinary shares and GDRs of OJSC Cherkizovo Group (the "Company") through certain subsidiaries of the Company in the total aggregate amount of up to approximately 2% of the Company's issued share capital, reported the press-centre of Cherkizovo Group.

The intended purchase reflects the Company's opinion that the current market value of the Company's shares does not sufficiently reflect the fundamentals of the Cherkizovo Group's business performance. 

Any such purchases will be effected at the then current market price in accordance with general market practice.