March 20, 2008, PARIS, France:  OJSC RUSS-INVEST was awarded the best in the small/mid cap category as a Company with the Best Corporate Governance Practices by technical criteria in 2008 edition of IR Global Rankings.

The companies with the best corporate governance practices by technical criteria include the Royal Philips Electronics, Telekom Austria, Bayer, Deutsche Post World Net and TOTAL. Norsk Hydro and QIAGEN were the best in their global industries. After the ceremony held for Europe President-General Director of OJSC RUSS-INVEST stressed that “IC RUSS-INVEST is proud to be among the all winners for the 2008 Investor Relations Global Rankings in Europe”.

The 10th annual IR Global Rankings is a result of a comprehensive technical review of 160 registrants from 32 countries. The IR Global Rankings and Awards annual survey – supported by KPMG, NYSE Euronext, Arnold & Porter, Demarest & Almeida, The Bank of New York Mellon, Bloomberg and PR Newswire – is the most comprehensive auditing and ranking system for IR websites, corporate governance practices and financial disclosure procedures. Based on extensive proprietary research of publicly held companies and investors, and supported by input from independent audit, corporate governance and legal experts, MZ's methodology is highly detailed, transparent and fully accessible to all participants. The annual IR Global Rankings and Awards Survey has grown each year since its inception in 1999.

February 9, 2006, Frankfurt, Germany: OJSC RUSS-INVEST  was named the “European Company with the Best Corporate Governance Practices by Technical Criteria” by the IR Global Rankings™ 2006.

IR Global Rankings™ is the 8^th edition (2006) of investor relations global ratings, including 145 participants from 7 branches of economy of 35 various countries. The assessment criteria are based on an internationally accepted methodology, which is highly detailed, transparent, and completely accessible to all participants.

During the award ceremonies, the following winners were announced: the best investor relations websites: European companies implementing the best corporate governance standards; and, finally, European companies implementing the best corporate information sharing model. Our company was awarded as the “No. 1 European Company with the Best Corporate Governance Practices among companies of small and medium capitalization by technical criteria” This award is the best confirmation of the professionalism and commitment of our specialists.

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