Holding(s) in Company

RNS Number : 5976N

JPMorgan Russian Securities PLC

19 February 2009

Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

JPMORGAN RUSSIAN SECURITIES PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify): Disaggregation and voting discretion change

Yes

3. Full name of person(s) subject to notification obligation:

JPMorgan Asset Management Holdings Inc.

4. Full name of shareholder(s) (if different from 3):

JPMorgan Asset Management (UK) Limited

5. Date of transaction (and date on which the threshold is crossed or reached if different):

16 February 2009

6. Date on which issuer notified:

18 February 2009

7. Threshold(s) that is/are crossed or reached:

10% upwards

8: Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use ISIN code	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of shares	Number of voting rights	Number of shares	Number of voting rights		Percentage of voting rights
				Direct	Indirect	Direct	Indirect
GB0032164732	4,452,659	4,452,659	5,736,435		5,736,435		10,26%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights
N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

5,736,435

10,26%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Total disclosable holding for JPMorgan Asset Management Holdings Inc.: 5,736,435 (10,26%)

JPMorgan Asset Management (UK) Limited: 5,736,435 (10.26%)

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Change to major shareholding reporting under Directive 2004/109/EC Transparency Directive (Disaggregation) & Voting Discretion change

14 Contact name:

Tom Prisley

15. Contact telephone name:

020 7777 0216

For notes on how to complete form TR-1 please see the FSA website.

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	JPMorgan Asset Management Holdings Inc.
Contact address (registered office for legal entities)	270 Park Avenue, New York, NY10017
Phone number & email	001 212 270 6000
Other useful information (at least legal representative for legal persons)	N/A