Press release

“EMAlliance” is on the stock exchange

25.11.2009

The present day the authorized capital of JSC “EMAlliance” is 1 billion 601 million of ordinary shares par 1 ruble.

The company Board of Directors instructed General Director Levan Dzigua to provide the execution of all the activities required for EMA’s ordinary shares listing procedure and offered to appoint LLC “Investment Group VELES Capital” as an investment advisor.

The Chairman of the Board of Directors of JSC “EMAlliance” noted that the solution could be considered as the first step of company’s entering into the open market. “We always targeted on attracting the investment capital for business extension and diversification. Certainly, the world crisis made some adjustments, but the investors’ stable interest to our company approved the validity of our strategy”. - he said.

Reference:

JSC “Energomashinostroitelny Alliance” (EMalliance) is one of the leaders of domestic power machine-building industry, having international experience and competence in designing, fabrication and complete supply of “boiler islands” for TPP, including EPC-contracts.

“EMAlliance” possesses more than 70,83% of common shares of Plant “Krasny Kotelschik”. EMA’s engineering branches are located in Taganrog, Podolsk, Barnaul and Ivanovo. Enterprise personnel is 6000 employees, among them 700 highly qualified designers.

The present day the company is able to design boilers with steam generation from 100 to 4000 tones per hour, (inc. for the equipment with to-, above-, ultra supercritical steam conditions. EMAlliance possesses the technology of designing and fabrication of HRSG for CCP and performs engineering, complete supply of the equipment for WtE plants and bio fuel processing enterprises and develops new technologies in renewable energy sources, pollution abatement system, coal gasification, SCC.

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