Directorate Change (9855I)

TIDMAURR

RNS Number : 9855I

Aurora Russia Limited

23 June 2011

Aurora Russia Limited ("AUR" or the "Company")

Directorate Change

Aurora Russia Limited is pleased to announce the appointment of Mr. Gilbert Chalk and Mr. Geoffrey Miller to the board of the Company as Non - executive directors.

Mr. Gilbert Chalk (aged 63) is a British citizen with extensive private equity and banking experience with Baring Private Equity Partners Limited and Hambros Bank Limited. Mr. Chalk also has considerable listed company expertise and is currently a board director of two listed companies, Castle Private Equity AG, a private equity and venture capital fund of funds and Vantage Goldfields Limited, an ASX listed South African Gold Mining Company.

Mr. Geoffrey Miller (aged 45) is a British citizen, resident in Guernsey, with over twenty years of experience in fund management and investment banking. He has particular expertise in Russia and emerging markets, having been Head of Research Marketing for Troika Dialog in Moscow and is an advisory board member of silkroutefinancial, an emerging markets focused investment bank. He is currently an executive director of Greenwich Loan Income Fund, an AIM and CISX listed investment company.

Gilbert Chalk will sit on the valuation and audit committee of AUR and Geoffrey Miller will sit on the valuation committee.

Dan Koch, Non-executive Chairman of AUR said: "We are delighted to be welcoming Gilbert Chalk and Geoff Miller to the Board. Their combined expertise in the private equity, emerging markets and the investment company arena will be a great asset as we continue to seek out opportunities for investment and optimising returns from our investments in the Russian market."

Gilbert Chalk holds, or has held the following directorships within the five years prior to the date of this announcement:

 
 Current directorships        Past directorships 
---------------------------  ----------------------------- 
 Castle Private Equity AG     Image Scan Holdings Plc 
---------------------------  ----------------------------- 
 Constantine Group Plc        Clean Energy General Partner 
                               Limited 
---------------------------  ----------------------------- 
 Vantage Goldfields Limited   Secure Mail Services Limited 
---------------------------  -----------------------------

Geoffrey Miller holds, or has held the following directorships within the five years prior to the date of this announcement:

 
 Current directorships               Past directorships 
----------------------------------  ---------------------------- 
 Greenwich Loan Income Fund          Asset Management Investment 
  Ltd                                 Company plc 
----------------------------------  ---------------------------- 
 SmartMove Spain 
----------------------------------  ---------------------------- 
 silkroutefinancial 
----------------------------------  ---------------------------- 
 Asset Management Investment 
  Company Ltd 
----------------------------------  ---------------------------- 
 International Finance Development 
  Company S.A., Holding 
----------------------------------  ---------------------------- 
 Lombardia Capital Partners, 
  Inc 
----------------------------------  ----------------------------

Geoffrey Miller currently owns 25,000 shares in AUR through an SIPP.

AUR confirms that there are no other matters requiring disclosure in relation to Rule 17 and Schedule 2(g) of the AIM Rules.

Contacts:

Numis Securities

Hugh Jonathan

Nominated Adviser +44 (0) 20 7260 1263

Rupert Krefting / Nathan Brown

Corporate Broking +44 (0) 20 7260 1435/1426

Financial Dynamics

Ed Gascoigne-Pees +44 (0) 20 7269 7132

Jack Hickey +44 (0) 20 7269 7196

This information is provided by RNS