OREANDA-NEWS. August 19, 2015.The Board of Directors of RUSNANO OJSC resolved in the course of the meeting in absentia to define the fee amount payable to KPMG JSC for the statutory audit of RUSNANO OJSC accounts and long-term business plan, as well as audit of consolidated statements of RUSNANO Group executed in accordance with the international standards. Cost of such services to be rendered by KPMG JSC in 2015 will amount to RUB 27.4 bln, VAT inclusive. Please be reminded that KPMG JSC was awarded as a successful bidder upon open tender outcome as the company which had offered the lowest price for the statutory audit of accounts.

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The Board of Directors recommended that portfolio companies affiliated with RUSNANO use Recommendations for Management of Rights to Intellectual Property elaborated by the Federal Agency for State Property Management.

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RUSNANO was founded as an open joint stock company in March 2011, through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO is instrumental in realizing government policies for nanoindustry growth, investing in financially effective high-technology projects that guarantee the development of new manufacturing within the Russian Federation. The company invests in nanotechnology companies directly and through investment funds. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, and chemicals and petrochemicals. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.

Management of the investment assets of RUSNANO are carried out by a limited liability company established in December 2013, RUSNANO Asset Management. Anatoly Chubais is chairman of its Executive Board.