Andrey Aleksandrovich Klishas, Chairman of the Management Board, General Director of “Interros” Company, has been elected as Chairman of the Board of Directors of JSC “OPIN” (“OPIN” or “the Company”) by a unanimous decision of the members of the Board of Directors during a meeting of the Board of Directors that was held on 10 July 2007.

The Auditor Committee of the Board of Directors, Corporate Secretary and an Alternate Director to the Chairman of the Board were also appointed during the meeting.

Andrey Klishas, General Director of “Interros” and Chairman of the Board of Directors of JSC “OPIN”, said that “Open Investments” has been one of the fastest growing investments of “Interros” and is one of the leading real estate development companies in Russia. The distinguishing characteristics of the Company are its focused business strategy, its transparent corporate governance, and its pipeline of future projects both in Moscow and in other regions of Russia.
Andrey Klishas believes that the innovative management style of the Company has driven its growth not only by following the market trends, but also by proactively exploring new business opportunities.