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HSCI Announces Results of Annual General Shareholders’ Meeting

Moscow – June 20, 2013 – OJSC HSCI – The Human Stem Cells Institute (“HSCI”, MICEX: ISKJ), one of Russia’s leading biotech companies specializing in cell-based, gene and post-genome technologies, today announced the results of the Annual General Shareholders’ Meeting (AGM) held on June 20, 2013, in Moscow.

Voting at the AGM, shareholders adopted, among others, the following decisions:

    • Shareholders approved HSCI’s Annual Report and Annual Financial Statements prepared according to Russian Accounting Standards, including the Company’s profit and loss statement, for the 2012 fiscal year.
    • Shareholders decided not to pay annual dividends as HSCI reported a net loss in 2012 (see the pressrelease on HSCI’s FY2012 results under RAS: 2012-ras-results).
    • Shareholders elected a new Board of Directors, which includes the following directors, four of which are independent:
      1. Dmitry Alexandrov, Head of Research, UNIVER Capital (UNIVER Investment Group), independent director;
      2. Maxim Dremin, Deputy General Director of ALOR INVEST, independent director;
      3. Andrey Isaev, Director of Segment LLC;
      4. Artur Isaev, General Director of HSCI;
      5. Sergey Kiselev, Head of Department at the Vavilov Institute of General Genetics of the Russian Academy of Sciences, independent director;
      6. Alexander Prikhodko, Deputy General Director of HSCI;
      7. Vladislav Saulin, General Director of High Technologies Investment Company, independent director.
      According to HSCI’s Charter, the Company’s Board of Directors consists of 7 members.
    • Members of the Audit Commission were elected:
      1. Svetlana Blokhina, Financial Control and Internal Audit Officer of HSCI;
      2. Elena Mikheeva, Senior Accountant of HSCI;
      3. Svetlana Samoylova, Director for Investor Relations (IRO) of HSCI.
      According to HSCI’s Charter, the Company’s Audit Commission consists of 3 members.
  • Shareholders approved Ernst & Young LLC (Moscow) as HSCI’s external auditor for the 2013 fiscal year.

20 June 2013