Total Voting Rights

JPMorgan Russian Securities PLC
29 December 2006


                        STOCK EXCHANGE ANNOUNCEMENT

                         VOTING RIGHTS AND CAPITAL

                      JPMORGAN RUSSIAN SECURITIES PLC


In conformity with the Transparency Directive's transitional provision 6 we
would like to notify the market of the following:

JPMorgan Russian Securities plc's capital consists of 56,012,812 Ordinary 1
pence shares with voting rights.  JPMorgan Russian Securities plc does not hold
any shares in treasury.

Therefore, the total number of voting rights in JPMorgan Russian Securities plc
is 56,012,812.

The above figure (56,012,812) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, JPMorgan Russian Securities
plc under the FSA's Disclosure and Transparency Rules.


29th December 2006


For further information, please contact:

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



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