Board member Sven Thorngren resigns

Sven Thorngren, EOS Russia's co-founder and board member, has at his own request resigned from all assignments in EOS Russia with immediate effect. "On behalf of the whole Board I would like to thank Sven Thorngren for his great contribution to the work of the Board and EOS Russia in general", says Chairman of the Board Seppo Remes. "His energy, competence and systematic search for improvements were of great importance to the company. I am sure he will find new challenges to re-direct his talent."

As announced on 14 December 2012, EOS Russia has convened for an EGM of 6 February 2013 in order to, inter alia, resolve on a new board of directors and cancellation of shares purchased under the synthetic buyback program. The full notice to the EGM will be published in accordance with the Swedish Companies Act, i.e. no more than six weeks prior to the EGM and not later than four weeks prior to the EGM.

Stockholm, 3 January 2013

EnergyO Solutions Russia AB (publ)

For further information, please contact: ir@eos-russia.com

EOS Russia is an investment company headquartered in Stockholm. The overall objective of the company is to offer attractive returns via investments in the Russian electricity industry. EOS Russia's shares have been listed on First North, a marketplace operated by the Stockholm Stock Exchange, since 25 June 2007. Remium Nordic AB is the Certified Adviser.