City of London Investment Management increase holdings in EOS Russia above 15%


City of London Investment Management increase holdings in EOS Russia
above 15%

EOS Russia has been advised by City of London Investment Management that
funds or accounts managed by City of London Investment Management have
increased their holdings in EOS Russia above 15% of shares outstanding.

City of London Investment Management Company Limited is an asset
management group specialising in Emerging market closed-end fund
investment. The Company was founded in 1991 and is listed on the London
Stock Exchange .

Stockholm, September 13, 2011

For further information, please contact: ir@eos-russia.com