The Board of JPMorgan Russian Securities plc proposed a final dividend of 13.00 pence for the year ended October 31, 2014 against 15.30 pence paid year ago, to be paid on March 11, 2015 to ordinary shareholders on the register at the close of business on February 6, 2015. If approved by shareholders, this distribution will amount to a total of £6,829,000 against £8,058,000 a year ago. The final dividend proposed in respect of the year ended October 31, 2014 is subject to approval at the forthcoming annual general meeting.

The company reported earnings results for the year ended October 31, 2014. Gross loss was £82,236,000 against gross income of £46,004,000 last year. Net loss on ordinary activities before finance costs and taxation was £86,323,000 against net return on ordinary activities before finance costs and taxation of £41,388,000 last year. Net loss on ordinary activities before taxation was £86,323,000 against net return on ordinary activities before taxation of £41,387,000 last year. Net loss on ordinary activities after taxation was £87,230,000 or 165.99 pence per share against net return on ordinary activities after taxation of £39,744,000 or 74.66 pence per share last year. Net asset value per share was 450.0 pence against 631.1 pence at October 31, 2013. Net cash inflow from operating activities was £5,606,000 against £5,117,000 last year.