OREANDA-NEWS. May 24, 2012. HMS Group (LSE: HMSG)(the “Group”), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, today announces that the following resolutions have been approved by the General Meeting of Shareholders held on May 21th , 2012:

1) Annual Report, Consolidated and Stand-alone Financial Statements of the Group for the year ending 31 December 2011 have been adopted;

2) Mr. Kirill Molchanov and Mr. Yury Skrynnik have been re-elected as Executive Directors, Mr. Andreas Petrou has been re-elected as an Non-Executive Director;

3) Price Waterhouse Coopers Limited (Cyprus) has been appointed as the Group’s auditors;

4) The dividend payment of 1499 692000 RUB, corresponding to 12.8 RUB per one GDR, with the Record Date May 18th, 2012 and the Payment Date June 28th, has been approved.

In accordance to the decision of the Extraordinary General Meeting of Shareholders, held on May 21th, 2012, the buyback program has been approved by the Company's shareholders with the parameters stipulated by the unanimous resolution of the Company's Board of Directors, held on April 19th, 2012.

The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. The Group reported revenues of RUB 27.5 billion, adjusted EBITDA of RUB 5.5 billion and profit for the period of RUB 3.4 billion for the twelve month ended December 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.