AGM Statement

JPMorgan Russian Securities PLC
01 March 2007

                          STOCK EXCHANGE ANNOUNCEMENT



                                 AGM STATEMENT



                        JPMORGAN RUSSIAN SECURITIES PLC



                                 1st MARCH 2007



Following the Annual General Meeting of the Company, which was held today, the
Board is pleased to announce that all of the Ordinary Resolutions put to
shareholders were passed.  In addition, one Special Resolution was passed which:



i)                    will allow the Company to make market purchases of up to
8,384,328 ordinary shares, representing 14.99% of the Company's issued share
capital;



1st March 2007



For further information, please contact:



Hilary Lowe



For and on behalf of

JPMorgan Asset Management (UK) Limited - Company Secretary

020 7742 6000




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