Ojsc Russian Sea Group

MOSCOW, June 28, 2011 - OJSC Russian Sea Group (the Company or the Group), one of Russia's leading consumer food companies, announces that it has been notified of a change in the ownership of its major shareholder. RS Group, owner of Corsico Limited, the Group's major shareholder, has formed a strategic partnership with the Luxembourg-based investment fund, Volga Resources, to invest into Russia Sea Group.

MOSCOW, June 28, 2011 - OJSC Russian Sea Group (the Company or the Group), one of Russia's leading consumer food companies, announces that it has been notified of a change in the ownership of its major shareholder. RS Group, owner of Corsico Limited, the Group's major shareholder, has formed a strategic partnership with the Luxembourg-based investment fund, Volga Resources, to invest into Russia Sea Group.