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JPMorgan Flem.Russ (JFR)

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Friday 06 January, 2006

JPMorgan Flem.Russ

Holding(s) in Company

JPMorgan Flem Russian Secs PLC
06 January 2006

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

JPMORGAN FLEMING RUSSIAN SECURITIES PLC

2)   Name of shareholder having a major interest

CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

NON-BENEFICIAL

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

MELLON UK NOMINEES LTD                    12,387,931

STATE STREET BANK AND TRUST COMPANY       2,342,038

THE NORTHERN TRUST COMPANY                490,000



5)   Number of shares/amount of stock acquired

100,000


6)   Percentage of issued class

0.18%

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued class

N/A

9)   Class of security

ORDINARY 1P SHARES

10)  Date of transaction

NOT NOTIFIED

11)  Date company informed

6TH JANUARY 2006

12)  Total holding following this notification

15,219,969






13) Total percentage holding of issued class following this notification

27.10%

14)  Any additional information

N/A

15)  Name of contact and telephone number for queries

CHRIS LEGG  020 7742 3477

16)  Name and signature of authorised company official responsible for
     making this notification



PHILIP JONES


17) Date of notification:



6TH JANUARY 2006






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