Appointment of Broker

JPMorgan Russian Securities PLC
24 November 2006




                           STOCK EXCHANGE ANNOUNCEMENT

                         JPMORGAN RUSSIAN SECURITIES PLC

                         APPOINTMENT OF COMPANY BROKER



24th November 2006


The Company announces that it has appointed Teather and Greenwood Limited to act
as its broker with immediate effect

For further information, please contact:

Hilary Lowe
For and on behalf of
JPMorgan Asset Management (UK) Limited - Secretary
020 7742 6000

Teather and Greenwood Limited
Paul Fincham
020 74267736




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