EOS Russia’s net asset value at SEK 100.75 as of 8 June

As of 8 June 2007, EOS Russia’s net asset value was SEK 100.75. At this time, shares in UES accounted for 75% of the assets. Other Russian utility shares made up 23% and 2% was cash.

EOS Russia is a newly-founded investment company headquartered in Stockholm, which intends to list on First North, a market place operated by the Stockholm Stock Exchange. An offer is currently underway to acquire shares in EOS Russia. The purpose of the offer is to raise additional capital in order to implement the company’s investment strategy of investing in Russian utility shares and to assure good liquidity for EOS Russia’s shares.

The subscription period runs from 28 May to 12 June 2007.


EOS Russia, a newly-formed investment company headquartered in Stockholm, intends to list on First North, a market place operated by the Stockholm Stock Exchange. The overall objective of the company is to offer attractive returns via investments in the Russian utility sector. A prospectus outlining the offer and the trading of shares can be downloaded from EOS Russia's Web site (www.eos-russia.se), HQ Bank's Web site (www.hq.se) and Avanza's Web site (www.avanza.se). The prospectus can also be obtained free of charge in hard copy format from EOS Russia and HQ Bank (Norrlandsgatan 15 D in Stockholm), or ordered by phone on: +46-8-700 00 99. Application for subscription of shares in the offer is made in accordance with the instructions in the prospectus.


Stockholm, 9 June 2007
EOS Russia

For further information, please contact:
Sven Thorngren, CEO: +46 (0) 8 509 00 180


The offer pursuant to this press release does not extend to private investors in countries other than Sweden. The offer does not extend to parties whose participation requires prospectuses, registration or other actions beyond those specified by Swedish law. Neither the prospectus nor the application form may be distributed in any country where distribution or the offer requires action described above or violate regulations of said country. Application concerning acquisition of shares in violation of the above may be declared null and void. The shares covered by the offer pursuant to the prospectus have not been, and will not be, registered under the 1933 United States Securities Act (the ”Securities Act”) or the law of any Canadian province and may not be offered or sold, whether directly or indirectly, within the United States or Canada or to parties domiciled there other than under extraordinary circumstances that do not require registration under the Securities Act or the law of any Canadian province.