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JPMorgan Flem.Russ (JFR)

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Wednesday 01 March, 2006

JPMorgan Flem.Russ

AGM Statement

JPMorgan Flem Russian Secs PLC
01 March 2006

                          STOCK EXCHANGE ANNOUNCEMENT


                                 AGM STATEMENT


                    JPMORGAN FLEMING RUSSIAN SECURITIES PLC


                                1st MARCH 2006


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, two Special Resolutions were passed
which:



i)        will allow the Company to make market purchases of up to 8,418,806 
          ordinary shares, representing 14.99% of the Company's issued share
          capital;



ii)       change the Company's name to 'JPMorgan Russian Securities plc'.



Despite a majority of shareholders being in favour of the proposal to disapply
pre-emption rights on allotment of new ordinary shares, the majority was
insufficient to achieve the requisite 75% of those voting to carry a Special
Resolution.  Therefore, with the consent of the meeting, resolution 8 was
withdrawn, together with resolution 7, which dealt with the authority to allot
new ordinary shares.



The change of Company name will become effective on the issue of the certificate
of incorporation on change of name by the Registrar of Companies and a further
announcement will follow in this respect.





1st March 2006







For further information, please contact:



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




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