Board Decisions

11 July 2011

JSC TransContainer

Notice of decisions of the Board of Directors

On July 11, 2011, the Board of Directors of JSC TransContainer (TRCN) (the "Company") adopted the following decisions:

1. To appoint Mr. Pavel D. Ilyichev as the Chairman of the Board of Directors of JSC TransContainer and Mr. Sergei V. Generalov as the Deputy Chairman of the Board of Directors of JSC TransContainer.

A short biographies of them is set out below:

Mr. Pavel D. Ilyichev

Year of birth: 1974

Recent positions held:

2003 - 2009: Treasurer in the Financial Management Department and Director of Finance atCJSC «Eurosib»;

2009 - present: Deputy Head of Corporate Finance at OJSC Russian Railways.

Mr. Sergey V. Generalov

Year of birth: 1963

Recent positions held:

President of theFESCO Transportation Group (the management company for JSC Far East Shipping Company).

2. To elect the Strategy Committee of the Board of directors comprising the following persons :

Aleksey Y. Davydov;

Sergei V. Generalov;

Zhanar Rymzhanova;

Petr V. Baskakov.

To electMr. Aleksey Y. Davydov asthe Chairmanof theStrategy Committee.

3. To elect the Audit Committee of the Board of Directors comprising the following persons:

David Hexter (independent Director);

Dmitry T. Mukhin;

Kirill Y. Rubinskiy;

To elect Mr. David Hexter s the Chairman of the Audit Committee. 

4. To elect the Personnel and Remuneration Committee of the Board of Directors comprising the following persons:

Vyacheslav A. Petrenko;

Irina S. Shitkina (independent Director);

Sergei V. Generalov;

Irina A. Kostenets.

To elect Ms. Irina S. Shitkina as the Chairman of the Personnel and Remuneration Committee.