The Board of JPMorgan Russian Securities plc announced the appointment of Eric Sanderson as an independent Non-executive Director of the Company with effect from 4th January 2021. Eric Sanderson is a Chartered Accountant and former CEO of British Linen Bank. He is currently Non-executive Chairman of Schroder UK Mid Cap Fund plc and Blackrock Greater Europe Investment Trust plc. In line with the Company's Board Succession plan, Robert Jeens will not be standing for re-election at the Company's Annual General Meeting on 2ndMarch 2021 and it is expected that Eric Sanderson will replace Robert Jeens as the Company's Audit Committee Chairman immediately following the AGM.