09.06.2008 Maxwell won competitive selection of the Russian Venture Company

On Jun 8, 2008, in the framework of XII St.-Petersburg economic forum meeting of the Board of directors of the Russian Venture Company, OJSC, was held. The meeting membership:

1) Elvira Nabiullina, Minister of Economic Development of the Russian Federation, Chairwoman of the Board of Russian Venture Company
2) Andrey Fursenko, Minister of Education and Science of the Russian Federation
3) Yigal Erlich, Head of the venture company "Yozma" Israel
4) Alexey Korobov, General Director, Russian Venture Company
5) Konstantin Remchukov, General Director and editor-in-chief, "Nezavisimaya Gazeta"
6) Esko Aho, President of the National Fund for Research and Development, Sitra
7) Igor Artemiev, The Chief of the Federal Anti-Monopoly Service of the Russian Federation

Maxwell Asset Management fell into the five companies-winners of the competitive selection for transfer of monetary assets (6.4 bln RUR) into trust management and gained the maximum possible volume of state investments (1.5 bln RUR).

During the nearest three months a specialized venture fund in the form of CMIFVI will be formed, the investment focus of which shall be biotechnological and medical innovation projects. Investment activities of the fund will be aimed at biopharmaceutical market, food market, agricultural market and industrial biotechnologies. Volume of the fund formed on the basis of public-private partnership shall amount about 3 bln RUR. RVC’s assets will be placed subject to the following principle: 49% - investments of RVC, OJSC, 51% - private investments.