EOS Russia signs a new and revised agreement with the CEO

The board of EOS Russia have assessed the situation regarding management of the
company after November 30, 2016, when the current CEO agreement comes to an
end.  After carefully investigating the needs of the company going forward while
adhering to the strict cost cutting regime put in place, the board have decided
that the best option for the company is to offer the current CEO a new and much
revised agreement.  EOS Russia Chairman Seppo Remes commented: “we are pleased
to retain the services of Ulf-Henrik Svensson in a very cost effective manner.”
For further information, please contact: ir@eos-russia.com
EOS Russia is an investment company headquartered in Stockholm. The overall
objective of the company is to offer attractive returns via investments in the
Russian electricity industry. EOS Russia's shares have been listed on First
North, a marketplace operated by the Stockholm Stock Exchange, since 25 June
2007. Remium Nordic AB is the Certified Adviser.