Prospectus Publication

Not for release, publication or distribution in whole or in part, directly or indirectly, in or into the United States.

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States or in any jurisdiction in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act") except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act. There will be no public offer of the securities in the United States.

This announcement is not a prospectus but constitutes an advertisement in respect of the GDRs for the purposes of the United Kingdom Financial Services Authority's ("UKLA") prospectus rules. The Prospectus has been made available to the public in accordance with EU Directive 2003/71/EC (the "Prospectus Directive") and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). Investors should not subscribe for the GDRs except on the basis of information contained in the Prospectus.

Avangardco Investments Public Limited

The following Prospectus has been approved by the UK Listing Authority and is available for viewing:

Prospectus dated 30 April 2010 relating to an issuance by Avangardco Investments Public Limited of 1,250,000 new ordinary shares with a nominal value of EUR0.10 per share, in the form of 12,500,000 GDRs (the "Prospectus").

To view the full document, please paste the following URL into the address bar of your browser:

 http://www.rns-pdf.londonstockexchange.com/rns/1504L_1-2010-4-30.pdf

The Prospectus is also available for viewing at the Document Viewing Facility of the UK Listing Authority, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Tel no: 020 7066 1000

For further information, please contact:

16-18 Zinas Kanther Street

3035 Limassol

Cyprus