Ruslan Alikhanov was appointed as President and CEO of FESCO

«We are confident that the excellent experience that Ruslan brings to the Group will help to increase the efficiency and to strengthen our leadership positions in the market segments where we currently operate and to enter the new market niches. The Group will continue the realization of its key strategy and will adhere to its plans for the current year» « — said Chairman of FESCO Board of Directors Alexander Vinokurov.

Since 2001, before joining FESCO Group, Ruslan Alikhanov was a partner at McKinsey & Co, where he headed the Russian Practice of Strategy and Corporate Finance, as well as Eastern European Practice of Corporate Management. From 1996 to 1998, Ruslan Alikhanov worked as the Project Officer at the World Bank, and from 2000 to 2001 he worked at Dell as a Strategic Business Manager.

Ruslan Alikhanov has a Master of Science degree in finance and JD in international law. He graduated with honours from Texas University, University of Missouri and Baku State University.

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This press release may include «forward-looking statements». Such statements contain the words «anticipate», «believe», «intend», «estimate», «expect», «will», «may», «project», «plan» and words of similar meaning. All statements included in this press release other than statements of historical facts, including, without limitation, those regarding financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies and the relevant future business environment. These forward-looking statements speak only as of the date of this press release, and the Group expressly disclaims to the fullest extent permitted by law any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

About FESCO

FESCO is one of the largest Russian port owners and operators with integrated rail and logistics businesses and primarily focused on intermodal deliveries of containerized cargo. The Group owns port, rail and shipping assets, which allow it to provide door-to-door logistics solutions and control almost all steps of the intermodal transportation value chain.

The majority of FESCO’s operations are located in the Russian Far East and the Group benefits from growing trade volumes between Russia and Asian countries.

FESCO controls the Commercial Port of Vladivostok, which has throughput capacity of 3.9 million tons for general cargo and oil products, 150,000 vehicles and over 600,000 TEUs in containers. FESCO is one of Russia’s top 10 private railcar operators providing services under the Transgarant (100%) and Russkaya Troika (50% JV with Russian Railways) brands. The Group owns a fleet of vessels mostly deployed through own line and logistics operations. In 2012, consolidated revenue of FESCO Group reached USD 1,197 million.