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and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
For the 12 months ended 31 December 2013 ENR Russia Invest SA ("ENR") and its
subsidiaries produced a consolidated net loss of CHF 3.75 million (compared
to a consolidated net profit of CHF 20.16 million for the 2012 financial
year). At 31 December 2013 the IFRS based consolidated net asset value
("NAV") was CHF 114.68 million (CHF 118.44 million at 31 December 2012), a
3.17% decline year-on-year.

Gross domestic product growth in the Russian Federation slowed during 2013 and
grew by 1.3%, down from 3.4% in 2012. In 2013 the RTS index declined by 8.46%
in US dollar terms and by 12.17% in CHF terms. The USD/CHF exchange was
0.9154 at the start of 2013, weakening to 0.8929 at 31 December 2013. The
rouble declined by 10.32% against the CHF in 2013. On the fixed income front,
ENR made sales and/or there were repayments of CHF 22.20 million whilst CHF
30.88 million was reinvested in fixed income instruments of Russian companies
during 2013.

In late 2013 Ukraine and the European Union failed to conclude an association
agreement and Ukraine agreed to a financial aid package from Russia. A
political crisis developed, polarizing sentiment between Ukraine's western
and central regions and those in the south and east that are home to more
Russian speakers and ethnic Russians. This spiraled into anti-government
demonstrations. An agreement with opposition parties has since been reached
and presidential elections have been scheduled for May this year. Tensions
remain and a political stand-off has developed between Russia and Ukraine
concerning Crimea's re-incorporation into Russia. These regional
uncertainties impacted world stock markets negatively and Russia has been no
exception. ENR continues to monitor developments in Ukraine. ENR's investment
focus remains on Russia where ENR continues to be prudent when considering
potential new investments.

During 2013 ENR concluded a new private equity transaction with OOO RS
Nedvizhimost ("RSN"), a Russian flower retail business. RSN sources a range
of ready-made flower bouquets from a leading fresh-cut long stem flower
producer in Russia and sells these flower bouquets to the public via a chain
of indoor based outlets.

The ENR annual report will be available from Tuesday, 29 April 2014 on ENR's
website atwww.enr.ch.

Contact person:
Ben de Bruyn, ENR Russia Invest SA, tel: +41 22 510 2626

ENR Russia Invest is an investment company listed on the SIX Swiss Exchange.
It specializes in the management of equities and equity-like investments as
well as fixed income instruments in Russia, the CIS States and the Baltic
States. Additional information on ENR Russia Invest is available on the
company websitewww.enr.ch

Media Release (PDF)


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ENR Russia Invest SA via Globenewswire


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