Resignation of Mr. Stephane Frappat

02 March 2015

Luxembourg, March 2, 2015 - For personal reasons Mr. Stephane Frappat decided to resign from the position Chief Executive Officer of Sodrugestvo Group S.A.

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Mr. Alexander V. Lutsenko, Chairman of the Board will assume the CEO responsibilities. The shareholders are taking this opportunity to thank Mr. Frappat for his contributions to the success of Sodrugestvo. Over last 7 years the Group has become a diversified multinational organization. The performance under current crisis proves the viability of the business model and the quality of management. The Board and the shareholders are confident that the strong team of professionals developed over last years will be able to fully realize the unique earnings potential of existing assets base and seize the opportunities of profitable growth.

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