11.01.2013Synergy, Co. (MICEX:SYNG), a leading producer of spirits in Russia today announces the Board of directors decision on calling of extraordinary general meeting of shareholders.

Synergy, Co. (MICEX:SYNG), a leading producer of spirits in Russia today announces the Board of directors decision on calling of extraordinary general meeting of shareholders.

The extraordinary general meeting of shareholders will consider partial buy-backof its ordinary shares aimed to reduce the authorized capital stock of the Company.

Details of extraordinary general meeting of shareholders are the following:

  • form of the meeting -an absentee voting;
  • date of drawing up the list of the persons having the right to participate the meeting -January 10, 2013, end of operating day;
  • voting applications will be sent by mail to shareholders; expiration date of sending applications -not later than January 25, 2013;
  • expiration date of voting applications acceptance -February 26, 2013; in the shareholders meeting will take a part those shareholders, who sent their applications before the expiration date of voting applications acceptance;
  • the postal address for sending the completed applications -129090, Russian Federation, Moscow, Bolshoy Balkanskiy pereulok 20, building 1, JSC «Reestr».

It will be offered to shareholders to consider a matter of reduction the authorized capital stock of the Company for the amount of 1 283 500 ordinary shares (5% of authorized capital stock) via acquiring shares with simultaneous cancellation. Also, the Board of directors established the buy-backprice at RUB 470 per one ordinary share of the Company, which is a volume weighted average share price for the period from July 10, 2012 to January 09, 2013 according to MICEX data.
Each shareholder of the Company will have the right to sell the shares, and the Company will be obliged to buy them. In case if total declared number of the shares will exceed the amount of 1 283 500 the Company will buy-backon pro rata basis.

«The Company's buy-backof its own shares is initiated in order to support Synergy's securities, which went down in price significantly for the last year. The price drop was impacted mostly by the factors that are irrelevant to the Company's fundamentals», -noted CEO Alexander Mechetin. «The Company continues its intensive development and spreading market share despite the tangled macro economical situation and significant changes in the spirits industry.»

Disclaimer
The preceding communication is not an offer to buy or the solicitation of an offer to sell any securities of the Company. The procedure of buy-backnoted in the statement above will start after the corresponding decision by extraordinary general meeting of shareholders. Each shareholder will be informed about all concluded decisions by the sending of a relevant notice describing the following procedures of shares buy-back(in case of positive decision by extraordinary general meeting of shareholders). Each step of buy-backprocedure will be covered by informational announcements.

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About Synergy, Co

OJSC «Synergy»is the leading producer of distilled spirits in Russia with a 15% share of the legal vodka market in Russia. The Company`s strategic focus lays on production of alcoholic beverages. Synergy possesses its own distributional platform, ensuring the largest possible market coverage, and diversified portfolio of federal brands, addressing market demands across the full spectrum of price points, from the low-middleto the super-premiumprice segments.

The Company`s federal brand portfolio includes super-premiumvodka Beluga, premium vodka Veda, sub-premuimvodkas Myagkov and Russky Lyod, middle vodka Belenkaya, low-middlevodka Gosudarev Zakaz and brandy Zolotoy Reserv. The Company operates seven spirits production plants and one of the largest distributional platform in Russia. Synergy is the exclusive distributor of one of the global premium spirits producer William Grant & Sons, representing in Russia such brands as Scottish whisky Glenfiddich, Grant's, Clan McGregor, The Balvenie, gin Hendrick's and Irish whisky Tullamore Dew. In addition to this, the Company distributes also the products of French house of Camus cognac.

The combination of strong portfolio of brands, strong production base and developed sales system supports Synergy`s competitive advantages and profound organic growth year on year.

For further information please contact:

Prokhor Malytin
Director, Public Relations OJSC «Synergy»
Tel. +7 495 510 26 95
Fax +7 495 510 26 97
e-mail: malyutin@sygroup.ru

Sergey Kuptsov
Director, Corporate finance OJSC «Synergy»
Tel. +7 495 510 26 95
Fax +7 495 510 26 97
e-mail: kuptsov@sygroup.ru

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