Statement re Appointment of New Administrator and Appointment of New Global Custodian

 
TIDMPRDF 
 
13 February 2011 
 
Prosperity Russia Domestic Fund Limited (the "Company") 
 
In connection with the migration and re-domicile of the Company from Guernsey to 
the Cayman Islands, proposed to occur on or about 17 February 2012, the Company 
wishes to announce the following. 
 
Appointment of New Administrator - Maples Fund Services (Cayman) Limited 
 
The Company has appointed Maples Fund Services (Cayman) Limited (the "New 
Administrator") as the administrator to the Company effective from migration of 
the Company to the Cayman Islands, proposed to occur on or about 17 February 
2012.  From that date, Kleinwort Benson (Channel Islands) Fund Services will 
cease to act as administrator to the Company and State Street Fund Services 
(Ireland) Limited will cease to act as sub-administrator to the Company. From 
16 January 2012, the New Administrator began to carry out certain administration 
functions in parallel with the current service providers. 
 
The Company has entered an administration agreement with the New Administrator 
dated 7 February 2012, on substantially the same or slightly better terms than 
the agreement with State Street Fund Services (Ireland) Limited.  The New 
Administrator will perform the following and related services, in accordance 
with the terms of the Memorandum and Articles of Association of the Company and 
the laws of the Cayman Islands: (i) the calculation and distribution of the net 
asset value and net asset value per share, (ii) processing subscriptions, 
redemptions and transfers of shares, (iii) open and maintain a bank account or 
bank accounts in the name of or on behalf of the Company for transfer agency 
purposes, (iv) arranging for the safe custody of the records held by the New 
Administrator in connection with the performance of its services, (v) preparing 
consolidated financial statements for the Company and (vi) performing anti-money 
laundering procedures in respect of shareholders and prospective shareholders in 
accordance with applicable anti-money laundering laws and regulations. 
 
The New Administrator carries on its business principally from its office at 
Boundary Hall, Cricket Square, Grand Cayman, KY1-1102, Cayman Islands.  Maples 
Fund Services is an independent global fund services provider. It has offices in 
leading financial centres, including the Cayman Islands, Dubai, Dublin, Hong 
Kong, Luxembourg, Montreal, and New York. The firm provides a full range of fund 
administration services to onshore and offshore funds. The firm's clients come 
from a wide range of investment management firms and global financial 
institutions. Maples Fund Services is led by a team of experienced professionals 
and is committed to providing a high level of service, tailored to specific 
client requirements. For more information, visit www.maplesfundservices.com. 
 
 
Appointment of New Global Custodian - ING Bank N.V., Prague Branch 
 
The Company proposes to appoint ING Bank N.V., a company incorporated in the 
Netherlands, acting through its Prague branch (the "New Global Custodian"), as 
global custodian to the Company effective from migration of the Company to the 
Cayman Islands, proposed to occur on or about 17 February 2012.  From that date, 
State Street Custodial Services (Ireland) Limited will cease to act as global 
custodian to the Company. 
 
The Company proposes to enter a global custody agreement with the New Global 
Custodian which will be on substantially the same or slightly better terms than 
the agreement with State Street Custodial Services (Ireland) Limited.  The New 
Global Custodian will act as custodian of the assets of the Company comprising: 
(i) cash held in US Dollars or other currencies and (ii) non-Russian securities, 
and will provide the Company with execution and settlement services. 
 
ING Bank N.V. is registered in the Netherlands in the Trade Register of the 
Chamber of Commerce and Industry for Amsterdam under file number 33031431, and 
acts in the Czech Republic through its Prague branch, ING Bank N.V., with 
Business Identification Number 49 27 98 66 and which is registered in the 
Commercial Register maintained by the City Court of Prague in Section A, under 
file number 7930.  ING Bank N.V. is regulated by De Nederlandsche Bank, the 
central bank of the Netherlands and, in acting through its Prague Branch, also 
by the Czech National Bank, the central bank of the Czech Republic.  The New 
Global Custodian held approximately US$298bn of assets in custody as at 31 
December 2011. 
 
 
 
Shareholders should note, as previously announced, the anticipated cancellation 
of the admission of the Company's ordinary shares to trading on AIM at 7.00 a.m. 
on Friday 17 February 2012.  The last day of trading for the Company's ordinary 
shares on AIM will therefore be Thursday 16 February 2012. 
 
Shareholder Queries 
 
Shareholders may direct any queries to: 
 
Elly Wordsworth 
Prosperity Capital Management Limited 
Tel: [phone] 
Email:[e-mail] 
 
Annie Wiberg / Leon Santos 
Prosperity Capital Management (UK) Limited 
Tel: [phone] 
Email:[e-mail]; [e-mail] 
 
Kleinwort Benson (Channel Islands) Fund Services Limited 
Matt Tostevin / Rosemary Osborne-Burns 
Tel: [phone] 
 
KPMG Corporate Finance (Nominated Adviser) 
Tom Franks / Helen Roxburgh 
Tel: [phone] 
 
KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated 
by the Financial Services Authority for investment business activities, is 
acting for PRDF as nominated adviser in relation to the matters set out in this 
announcement and is not acting for any other person in relation to these 
matters. KPMG Corporate Finance will not be responsible to anyone other than 
PRDF for providing the protections afforded to its clients or for providing 
advice in relation to the contents of this announcement. 
 
The Company is an authorised closed-ended collective investment scheme domiciled 
in Guernsey.  Neither the Guernsey Financial Services Commission nor the States 
of Guernsey Policy Council take any responsibility for the financial soundness 
of the Company or for the correctness of any of the statements made or opinions 
expressed with regard to it. 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Prosperity Russia Domestic Fund Limited via Thomson Reuters ONE 
 
[HUG#1585190]