Top Managers of Bishkek Based Financial-Investment Company MGN Group Became Members of Boards of Directors at the Several Companies in Kyrgyzstan

Bishkek, Kyrgyzstan, May 03, 2009 --(PR.com)-- Following the results of General Shareholders’ Meetings held this April by a number of companies, the top managers of MGN Group became members of Boards of Directors at the following companies:

- OJSC Bishkekskiy Mashinostroitelniy Zavod (Bishkek Machinery Plant)
- OJSC Severelectro
- OJSC Manas International Airport
- OJSC Vostokelectro
- OJSC Kyrgyztelecom
- OJSC Electricheskie Stantsii
- OJSC Kyrgyzgas
- OJSC Oshelectro

In January of 2009 OJSC MGN Asset Management, a division of MGN Group that focuses on structuring and managing investment portfolios, was announced among the winning bidders for trust management of shares of companies owned by the Kyrgyzstan Social Fund. The main purpose of transferring the assets to be managed by the professionals is to improve corporate governance and increase company performance.

“MGN Group” is the financial-investment company, is headquartered in Bishkek, the Kyrgyz capital and has representative offices in the USA. To carry out investment financial operations and manage the client`s assets MGN Group set up MGN Capital, MGN Asset Management and MGN Capital Partners subsidiaries.

For additional information about the managers elected as Members of the Boards, as well as on MGN operations, please refer to company website.

The rights for informational support of MGN Group companies’ operations have been vested with Flexi Communications agency.

Please address all your questions and requests for additional information to Natalia Orlova, PR Department Manager, Flexi Communications, at: + 996 (312) 62-25-84, + 996 (312) 62-13-84; pr@flexicommunications.com

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