Notification of major interest in shares

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Aurora Russia Limited

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

£

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

£

An event changing the breakdown of voting rights

£

Other (please specify):

£

3. Full name of person(s) subject to thenotification obligation:

Aurora Investment Advisors Limited

4. Full name of shareholder(s)  (if different from 3.):

Chase Nominees Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached:

24/06/2011

6. Date on which issuer notified:

02/08/2011

7. Threshold(s) that is/are crossed orreached:

< 5%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B0Z52Y71

7,810,000

7,810,000

4,366,931

4,366,931

n/a

3.88%

n/a

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,366,931

3.88%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

N/A

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

Change of registered shareholder only - no change in beneficial owner. Transfer for nil consideration.

14. Contact name:

Nicole Hugill

15. Contact telephone number:

+ 44 (0) 1481 704724