Shareholder Equity

Acron’s authorised capital is RUB 238,438,000 divided into 47,687,600 registered common shares with a par value of RUB 5 each. Acron’s shares are included in the "B" list of both the RTS and MICEX. Acron’s Global Depositary Receipts (GDRs) are listed at the LSE, with ten GDRs representing one share.

Shareholder Structure as of December 31, 2011

NoShareholderInterest, %
1 Acronagroservice 19.78%
2 Questar Holdings Limited 18.95%
3 Refco Holdings Limited 19.82%
4 Granadilla Holdings Limited 13.26%
5 Granit 15.001%

Other than the holders listed above, Acron’s management is not aware of any holders of the Company’s shares with more than 5 per cent of its authorised capital.

GDR Transactions

Regarding any issues concerning GDR transactions, please contact the depositary bank

Contacts
Deutsche Bank Trust Company Americas
Depositary Receipts Department
60 Wall Street, New York, NY 10005, USA
Corporate Actions, New York: +1 212 250 15 04
Broker Services Group, London: + 44 0 207 547 65 00
DR Department, Moscow: +7 495 797 52 09
www.adr.db.com