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Acron Won in the Best Investor Relations Nomination for Companies and Alexander Popov Recognised as Best Board of Directors Chairin 2011 Corporate Governance Leaders Competition

On December 14, 2011, the Investor Protection Association named the winners of its annual Corporate Governance Leaders competition for 2011. Acron won in the Best Investor Relations nomination for companies. Alexander Popov was recognised as the best chair of a Board of Directors.

Winners were chosen by the Association’s members, large Russian and foreign institutional investors.