Management Responsibility Statement

The Company’s management hereby confi rms that, to the best of its knowledge:

  1. The fi nancial statements, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, give a true and fair view of the assets, liabilities, fi nancial position and profi t or loss of the Company and the undertakings included in the consolidation taken as a whole;
  2. The management report includes a fair review of the development and performance of the business and the position of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face. The consolidated fi nancial statements for the year ended 31 December 2012 were approved by the Company’s management on 24 April 2013.



Chairman of the Management Board and
Chief Executive Officer

Maxim Volkov

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