Federal Financial Markets Service registered additional issue of common shares of OAO "Russian Sea Group of Companies"

The Federal Financial Markets Service has registered an additional issue of common shares of OAO "Russian Sea Group of Companies" (plc) valued at RUB7,230,587,000. According to the Department's Press-Service, the additional issue of common shares has been assigned number 1-01-04461-D-001D. The shares with nominal value of RUB100 each will be issued by private placement.

Previously, the Company's directors made a statement about a projected by June 2008 restructuring of the Group into the holding company OAO Russian Sea (plc) with initial public offering (IPO) to follow. It is planned the holding company will unite ZAO "Russian Sea Company", ZAO "Russian Fish Company", OOO "Russian Sea - Kaliningrad" and OOO "Russian Sea - Aquaculture". Under the restructuring the shares of "Russian Sea" on January 31, 2008 were transferred to the Cyprian company "Corsico ltd", which is a shareholder of "Russian Fish Company".