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The Shareholder Makeup of ‘Sokrat’ Investment Group Has Changed

March 6, 2009

The shareholders of the ‘Sokrat’ investment group have taken a decision concerning the division of business. Roman Sazonov, former Chairman of the Supervisory Board of the CJSC ‘FC Sokrat’, has resigned from being a shareholder of the CJSC ‘FC Sokrat’ and has become the sole owner of the ‘Sokrat’ Asset Management Company LLC.

According to a decision taken at the General Shareholders' Meeting, Valery Nilov, who previously served as President of the CJSC ‘FC Sokrat’, has become the Chairman of the Supervisory Board of the CJSC ‘FC Sokrat’. The Chairman of the Board of the CJSC ‘FC Sokrat’ is Andrey Snegirev, who joined the company in October 2008.

“The shareholders’ decision was dictated by differences in perspectives on the management, development and priorities of the group’s businesses,” commented Valery Nilov. “The ‘Sokrat’ investment group will continue to work on the Ukrainian stock market, comprehensively developing all its businesses – investment banking, securities trading, custody, private banking and portfolio management”.

The main activity of the ‘Sokrat’ Asset Management Company remains asset management. The company currently manages eight mutual funds.

Press Service of the ‘Sokrat’ investment group
Tel/Fax: +38 044 207 01 00

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Kiev 04070, Ukraine

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