Corporate Governance

Board of Directors

(Elected by the General Shareholders Meeting on 29 June 2011)

1. Evgeny N. Ambrosov
   JSC Sovcomflot
   Senior Executive Vice-President / Chief Operating Officer
2. Nikolay L. Kolesnikov
   JSC Sovcomflot
   Executive Vice-President / Chief Strategy and Financial Officer
3. Alexander L. Kurtynin
   JSC Sovcomflot
   Vice-President / Business Development
4. Vladimir A. Mednikov
   JSC Sovcomflot
   Executive Vice-President
5. Sergey G. Popravko
   JSC Sovcomflot
   Senior Executive Vice-President / Chief Operating Officer
6. Igor V. Tonkovidov
   JSC Novoship
   President
7. Gennadiy N. Fedchenko
   
   Retiree
8. Sergey O. Frank
   JSC Sovcomflot
   President and CEO
9. Yuriy A. Tsvetkov
   JSC Sovcomflot
   Vice-President / Head of Internal Audit Department

Auditing Commission

(Elected by the General Shareholders Meeting on 29 June 2011)

1. Tatyana P. Kalinkina
   JSC Sovcomflot
   Deputy Head of Internal Audit Department
2. Anton V. Kolesnikov
   JSC Sovcomflot
   Senior Manager / Auditor of Internal Audit Departmen
3. Andrey N. Popov
   JSC Sovcomflot
   Senior Manager of New Projects Department
4. Anastasiya V. Chudinovskih
   JSC Novoship
   Manager of Internal Audit Division
5. Edward F. Yakovlev
   Retiree
   

President

Management Board

	Igor V. Tonkovidov President Chairman of the Management Board
	Sergey N. Burima Vice-President Member of the Management Board
	Oleg A. Stepanov Director, Human Resources Department Member of the Management Board