EOS Russia terminates CEO contract as part of cost cutting measures

As part of a range of cost-cutting measures now being implemented, the Board of Directors has decided to terminate the employment contract of Ulf-Henrik Svensson, the CEO of EOS Russia AB. For the time being, Mr Svensson will continue to manage the day-to-day affairs of the company. The Board of Directors is now reviewing options for the operational management of the company with a view to putting in place new permanent arrangements as soon as possible.

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.