Holding(s) in Company

JPMorgan Russian Securities PLC
01 December 2006

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of listed company



JPMORGAN 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 regarding the holding
of the shareholder named in 2 above; 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
12,353,141

STATE STREET BANK AND TRUST COMPANY                         2,230,028

NATIONAL AUSTRALIA BANK
  337,500

THE NORTHERN TRUST CO
   934,000

VIDACOS NOMINEES LTD
     146,300



5. Number of shares / amount of stock acquired



N/A



6 Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)



N/A



7. Number of shares / amount of stock disposed



NOT DISCLOSED



8 Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)



N/A



9. Class of security



ORDINARY 1P SHARES



10. Date of transaction



30 OCTOBER 2006

11. Date listed company informed



30 NOVEMBER 2006



12. Total holding following this notification



16,000,969



13. Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account when
calculating percentage)



28.57%



14. Any additional information



N/A



15. Name of contact and telephone number for queries



CHRIS LEGG - 0207 742 3477



16. Name and signature of duly authorised officer of the listed company
responsible for making this notification



HILARY LOWE



Date of notification



1 DECEMBER 2006



The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


                      This information is provided by RNS
            The company news service from the London Stock Exchange