Per Brilioth, Chairman of the Board
Mr. Brilioth is a Swedish citizen, born in Stockholm in 1969. Mr. Brilioth is managing director and member of the board of Vostok Nafta since the beginning of 2001. Mr. Brilioth holds a BA in Business Administration from the University of Stockholm, and a Master of Finance from the London Business School. Between 1994 and 2000, Per Brilioth was employed by the Stockholm-based brokerage house Hagströmer & Qviberg. As head of its Emerging Markets department, he worked close to the Russian stock market for a number of years.

Sture Gustavsson, Executive Director and Regional Production Director, Kursk division
Mr. Gustavsson is a Swedish citizen, born in Tidaholm in 1959. Mr. Gustavsson is managing director of MSLA since 1996. MSLA is a wholly-owned subsidiary of Investment AB Kinnevik, and owns and runs farms in Poland. Mr. Gustavsson obtained a degree from the Swedish University of Agricultural Sciences in 1989.

Henrik Persson, Non-executive Director
Mr. Persson is a Swedish citizen, born in Karlskrona in 1974. Mr. Persson has been employed in various positions within Investment AB Kinnevik since 2003. Mr. Persson holds a BA in Business Administration from the University of Lund, with additional courses taken at the Georgetown University in Washington D.C and London School of Economics. Between 1999 and 2003, Henrik Persson was employed by HSBC Investment Bank, mainly with a focus on the telecom and media industries.

Paul Wojciechowski, Non-executive Director
Mr. Wojciechowski is a British citizen, born in 1955. Mr. Wojciechowski is director of New World Trustees (Jersey) Limited, a subsidiary of the NWGH Limited (a company registered in Jersey). New World Trustees (Jersey) Limited is a corporate provider of trust and company administration services for its clients. In Mr. Wojciechowski’s capacity as an employee of New World Trustees (Jersey) Limited, he holds various company directorships from time to time for companies that are administered by New World Trustees (Jersey) Limited. Mr. Wojciechowski isa member of the Institute of Chartered Accountants in England and Wales and holds a BScHons in mathematics. His areas of expertise include accounting, forensic accounting and corporate finance. Mr. Wojciechowski was formerly the Finance Director of A de Gruchy Holdings Ltd, a Jersey public company quoted on the London Stock Exchange. He has also many years experience of the offshore world having worked for Deloitte & Touche in Jersey and Pricewaterhouse Coopers in Bermuda.

Vladimir Averchev, Non-executive Director
Mr. Averchev is a Russian citizen, born in Gorkovskaya oblast in 1946. Mr. Averchev is the Director of Analysis at BP-Russia, providing political context for the O&G business in Russia, and has formerly been a public affairs director at Sidanko, a BP-managed Russian oil company. Mr. Averchev has formerly also held a number of high political offices, including being a member of the State Duma from the Yabloko party, the Foreign Relations Committee, the Parliamentary Assembly of Council of Europe and the Committees on Economic Development. Mr. Averchev obtained a degree from the Moscow Institute of National Economy in 1970 and has been a researcher and senior research fellow at the Institute of USA and Canada Studies, Academy of Sciences where he for approximately 20 years conducted studies in corporate management, public administration and international interdependencies.

Alex Gersh, Non-executive Director
Mr. Gersh is an American citizen, born in St Petersburg in 1964. Mr. Gersh is the CFO of the NDS Group plc (a British company listed on NASDAQ), which is a leading global supplier of open end-to-end digital pay TV solutions. Mr. Gersh has since 2003 also been the Chairman of the Audit Committee in VimpelCom Inc, a leading provider of telecommunications services in Russia. Mr. Gersh has formerly been the CFO of Flag Telecom, Motorola NGM, NextiraOne LLC and Transora. He has also worked as public accountant at Ernst & Young, as controller at Metro Mobile Communications and as Finance Director in a number of companies, including British Telecommunication Europe, BT Cellnet and Motorola NGM. Mr. Gersh holds a Bachelor’s degree in Business Administration from Baruch College (City University of New York) with honours and is a member of the Institute of Certified Public Accountants (CPA).