OREANDA-NEWS. December 10, 2012. OJSC Mostotrest (“Mostotrest” or “Company”) welcomes the news that the leading independent proxy and corporate governance advisory firm, Institutional Shareholder Services Inc. (“ISS”), has recommended Mostotrest shareholders to support the Company’s Board of Directors by voting FOR the resolution at the upcoming Extraordinary General Meeting of Mostotrest shareholders scheduled to be held on December 14, 2012.

Vladimir Vlasov, Chief Executive Officer of Mostotrest, commented:

“Mostotrest is pleased that after a thorough and detailed independent analysis, ISS has concluded that the Board of Director’s decision to pursue the acquisition of a stake in NWCC is fully in line with the long-term interests of the Company and its shareholders. We welcome the significant support ISS provides to the Board of Directors in implementation of Mostotrest corporate strategy”.

In its analysis, ISS comments:

“The proposed deal is supported by a strong rationale on the acquirer's side and represents a strategic opportunity for Mostotrest to diversify into a complementary business segment that has the potential to provide the company with stable stream of cash flow and reduce the earnings volatility associated with its construction business….The partnership with a global leader in the concession business such as Vinci will provide the company with an opportunity to develop in-house expertise in the concession segment and participate in other concession projects in the future”.

As announced on November 8, 2012, the Mostotrest Board of Directors took a decision to convene an Extraordinary General Meeting to approve the acquisition of a stake in NWCC as a related party transaction.

The following details are taken from ISS’ website. ISS is the leading provider of corporate governance solutions to the global financial community. More than 1,700 clients rely on ISS' expertise to help them make more informed investment decisions on behalf of the owners of companies. ISS' services include objective governance research and analysis, end-to-end proxy voting and distribution solutions, turnkey securities class-action claims management, and reliable governance data and modeling tools.

Its team of more than 500 research, technology and client service professionals is located in financial centers worldwide. Investors, regulators and media regularly turn to ISS experts for insight and data on trends in corporate governance, proxy voting operations and mechanics, and securities litigation.