AGM Statement

JPMorgan Russian Securities PLC
03 March 2008



                          STOCK EXCHANGE ANNOUNCEMENT

                                 AGM STATEMENT

                        JPMORGAN RUSSIAN SECURITIES PLC

                                 3rd MARCH 2008



Following the Annual General Meeting of the Company, which was held today, the
Board is pleased to announce that all of the Ordinary Resolutions put to
shareholders were passed.  In addition, one Special Resolution was passed which:

i)     will allow the Company to make market purchases of up to 8,384,328
ordinary shares, representing 14.99% of the Company's issued share capital.



3rd March 2008


For further information, please contact:

Alison Vincent

For and on behalf of
JPMorgan Asset Management (UK) Limited - Company Secretary
020 7742 6000




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