Holding(s) in Company

JPMorgan Flem Russian Secs PLC
23 August 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JPMORGAN FLEMING RUSSIAN SECURITIES PLC

2)   Name of shareholder having a major interest

CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

NON-BENEFICIAL

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

MELLON UK NOMINEES LTD                    11,107,931
STATE STREET BANK AND TRUST COMPANY       1,912,038
THE NORTHERN TRUST COMPANY                490,000



5)   Number of shares/amount of stock acquired

250,000


6)   Percentage of issued class

0.45%

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY 1P SHARES

10)  Date of transaction

22ND AUGUST 2005

11)  Date company informed

23RD AUGUST 2005

12)  Total holding following this notification

13,509,969






13) Total percentage holding of issued class following this notification

24.06%

14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

JENNIFER PALMER   020 7742 3458

16)  Name and signature of authorised company official responsible for
     making this notification



LUCY SULLIVAN


Date of notification: 23RD AUGUST 2005






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