Mail Ru Group Ltd : MAIL.RU GROUP LIMITED Result of AGM Election of Directors and Changes to Management.

MAIL.RU GROUP LIMITED Result of AGM Election of Directors and Changes to Management.

10.06.2013

Mail.Ru Group Limited ("Mail.Ru Group" or the "Company") hereby announces that, following the Annual General Meeting which was held on 7th June 2013 in Dubai, U.A.E., the following individuals have been appointed as the Elected Directors to the board of directors of the Company in accordance with clause 10.5 of the Company's Articles of Association:

1. Dmitry Grishin (Chairman of the board).

2. Vladimir Streshinskiy.

3. Boris Dobrodeev.

4. Matthew Hammond.

5. Verdi Israelyan.

6. Charles St Leger Searle.

7. Vasileios Sgourdos.

8. Mark Remon Sorour.

Respective resolution has been filed on the National Storage Mechanism appointed by the Financial Services Authority and can be accessed at http://www.hemscott.com/nsm.do.

Following the AGM and election of the directors the Company also announces the re-appointment of the current independent directors.  The Company therefore announces that the following will serve for another 2 year term as independent directors: 

1.   Marcus Galperin

2.   Sang Hun Kim

The Company also announces today the following changes to the management team: Verdi Israelyan has been appointed as Elected Director and he has stepped down as Chief Financial Officer and Chief Operating Officer (Russia).  The Company announces that Matthew Hammond who is currently the Company's Managing Director will also become the Chief Financial Officer and Vladimir Nikolsky who is currently the Vice President of the Games division will become the Chief Operating Officer (Russia). 

Commenting on the AGM and the management changes, Dmitry Grishin, Co-Founder and CEO (Russia), said:

"I am pleased to report the election of the board, the re-appointment of our independent directors and changes to the management team. I wish to thank all of our directors for their dedication and service and look forward to continuing to work with them all.

Our business remains strong and the drivers behind it powerful and unchanged.  We continue to focus on expanding our offering to the user and on attracting the best IT talent.  I want to thank our employees and our shareholders for their continued commitment and we look to the rest of 2013 and beyond with confidence"