On cancelling licence of management company

On 22 April 2015, due to the repeated violations of the Russian legislation the Bank of Russia took a decision to cancel licence to manage investment funds, unit investment funds and non-governmental pension funds No. 21-000-1-00927, dated 28 September 2012, issued by the Federal Financial Markets Service to the closed joint-stock company Globus Capital Management Company.

Over the past year, the Company repeatedly failed to meet Bank of Russia instructions, repeatedly violated for more than 15 business days the reporting deadlines, repeatedly violated the requirements to information disclosure envisaged by federal laws and regulations of the Russian Federation, including Bank of Russia regulations, when conducted the activity envisaged by the licence to manage investment funds, unit investment funds and non-governmental pension funds.

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22.04.2015 00.00.00