STOCK EXCHANGE ANNOUNCEMENT

VOTING RIGHTS AND CAPITAL

JPMORGAN RUSSIAN SECURITIES PLC

In conformity with the Transparency Directive we would like to notify the market of the following:

JPMorgan Russian Securities plc's capital consists of 54,692,112 Ordinary 1 pence shares with voting rights. JPMorgan Russian Securities plc does not hold any shares in treasury.

Therefore, the total number of voting rights in JPMorgan Russian Securities plc is 54,692,112.

The above figure (54,692,112) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, JPMorgan Russian Securities plc under the FSA's Disclosure and Transparency Rules.

31^st January 2012

For further information, please contact:

Alison Vincent

For and on behalf of

JPMorgan Asset Management (UK) Limited - Secretary

020 7742 6000