Announcement of withdrawal of EGM (7435M)

TIDMAURR

RNS Number : 7435M

Aurora Russia Limited

22 August 2011

Aurora Russia Limited

Further to the announcement on 29 July the Board of Aurora Russia Limited ("the Company") is pleased to announce the appointment of Mr. Timothy Slesinger as a non-executive director of the Company with immediate effect. Further, the Company has received formal notification of the withdrawal of the requisition of an extraordinary general meeting from Mr. Slesinger and confirmation from Mr. Peregrine Moncreiffe that he no longer wishes to be elected as a director. Accordingly the extraordinary general meeting of the Company due to be held on 24 August at 2.00 pm will now not be held.

Geoff Miller, Chairman of Aurora Russia, commented: "We welcome Tim to the Board. His expertise in Russia, having successfully grown OSG after founding the company in Moscow in 1998, will be an added strength as we look to press on with our strategy of realising value from our investments to maximise value for our shareholders."

Mr Timothy Slesinger (aged 45) is a British citizen, resident in the UK. Mr Slesinger founded OSG Records Management ZOA in Moscow in 1998. During the 12 years he was CEO and then Director the Company grew to become a market leader in both physical document and on-line data management in Central & Eastern Europe with offices in eight countries and 21 cities. OSG's clients range from international Fortune 500 companies, highly regarded businesses local to the region and governments. He sold OSG to the Company in 2009.

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

Current directorships Past Directorships

The Lending Well Limited Document & Data Management Limited

The Sandpit Limited OSG Records Management (Europe) Limited

Keyspace Self Storage Limited

OSG Polska Spzoo

Whitebrooks Investments Limited

Hale House Management (1999) Limited

252 Old Brompton Road Limited

Tim Slesinger currently owns in aggregate 14,310,977 Ordinary Shares in the Company.

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

Contacts: