Russian Court Cases Update

Summary by AI ^BETAClose X

JPMorgan Emerging EMEA Securities has provided an update on Russian court cases, with VTB Bank claiming a total of $595.3 million and €108 million, and Sberbank claiming $830,183. The largest VTB claim of $439.5 million is under appeal to the Court of Cassation, with a hearing scheduled for January 19, 2026. Three other VTB claims totaling $155.8 million are currently under court suspension, while the Sberbank claim has a hearing date set for January 28, 2026.

Disclaimer*

JPMorgan Emerging EMEA Securities

15 December 2025

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC ('the Company' or 'JEMA')

Legal Entity Identifier: 549300II3MHI98ZLVH37

Russian Court Cases - Update

Further to the Board's previous RNS announcements regarding the lawsuits filed by VTB Bank in Russia claiming $439.5m, $81.3 million, $74.5 million and €108 million and the lawsuit filed by Sberbank in Russia claiming $830,183 against eight J.P. Morgan legal entities and the Company, the Board announces the following updates from JPMorgan Funds Limited (the Company's Manager) (in italics):

"VTB Bank claim ($439.5 million): Appeal filed to a higher court, the Court of Cassation, which is now due to be heard on 19^th January 2026.

VTB Bank claim ($81.3 million): The case is under a court suspension ruling.

VTB Bank claim ($74.5 million): The case is under a court suspension ruling.

VTB Bank claim (€108 million): The case is under a court suspension ruling.

Sberbank claim ($830,183): Hearing date now 28^th January 2026."

The Board will provide further updates as the cases progress.

15th December 2025

For further information:

Paul Winship, Neil Martin, JPMorgan Funds Limited 0800 20 40 20

Hugh Jonathan, Deutsche Numis 020 7260 1000

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