Volga Gas plc announced new Board appointment and further directorate changes. Mikhail Ivanov has advised the Board of the company that after 9 years of service as Chief Executive Officer of Volga Gas he relinquish his current position for personal reasons. However, at the request of the Board, Mr. Ivanov is to remain a director of the company and will become non-executive Chairman of Volga Gas at the conclusion of the next Annual General Meeting on June 5, 2015.

Aleksey Kalinin, the current Chairman of Volga Gas, will move to become a non-executive director of the company. To succeed Mr. Ivanov, after a careful search process and interviews with several highly qualified individuals, the Board announced the appointment of Mr. Andrey Zozulya as new Chief Executive Officer of Volga Gas. Mr. Zozulya will join the Board of Volga Gas on May 5, 2015 and after a brief transition period will assume the role of Chief Executive Officer.