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Company “Management company” Finam Management “(hereinafter - the UK” Finam Management “) has agreed to pay investment income on the units of closed-end shares of Finam - Information Technologies.” For this purpose, directed some 58 million rubles - 346, 09 rubles per share. In the future, UK “Finam Management” intends to continue to pay shareholders ZPIFa Finam - Information Technologies “half of dividends received by the Fund on shares included in its portfolio companies.

Closed-end investment fund shares Finam - Information Technologies was formed in early 2006. Net asset value (as of December 31, 2009) exceeded 2.85 billion rubles. Currently, fund Finam - Information Technologies owns the following assets (directly and indirectly): 68,5% stake in ZAO “Mamba”, 30% shares of ZAO Ashmanov and Partners, 25% 1 share in ZAO Manimeyl, 20% social network Badoo.com. Fund shares are traded on the MICEX Stock Exchange. Ticker ZPIFa - iZPIFFinIT.

The additional income will receive all the investors who owned shares of the Fund as at 31 December 2009. In their favor will be distributed 50% of dividends received by private mutual funds in 2009, ie paid its affiliated portfolio companies on the 2008 year. The total amount received from them dividend income reached 115.95 million rubles. Currently, the number of issued shares to the Fund is 167,526, the payment for each share - 346.09 rubles. They will be implemented no later than February 15, 2010.

In accordance with changes in the rules of trust management, registered in the Federal Financial Markets Service of Russia at the end of 2009, ZPIF Finam - Information Technologies will pay annually to its shareholders half of the income received by them as dividends. This is due, in particular, the development fund. In the first half of 2009, he changed his type of “venture capital” to “Equity Fund”, its shares were included in the quotation list “A” MICEX SE. At the beginning of 2010 the fund”s assets are stocks of mature, dynamic Internet companies with well-established corporate governance.

“During the years of development fund Finam - Information technologies” we have come a long way. We have been able to find long-term assets and monitor their development, in an efficient way a company can generate substantial income. Gradually, we reduced the proportion of more risky assets, which now can be invested in fund shares, even unskilled investors. We now turn to the practice of regular payment of investment income. I think this, along with the rising cost of portfolio companies, will be another factor in investor interest in our foundation of high technologies “, - the general director UK” Finam Management Andrey Shulga.

Department of Public Relations and Media Investment Holding Finam.
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