UPDATE ON ADDITIONAL SHARE ISSUE

November 30, 2011

Russian meat processor Cherkizovo Group has privately placed 52.61% of the additional share issue that was announced in relation to its acquisition of poultry producer Mosselprom. 

Cherkizovo Group placed 894,418 common shares, each with a nominal value of 0.01 rubles. The placement price was set at 854.8 rubles per share. Cyprus-registered Tuxford Trading Limited holds a preemptive right to buy the additional issue. 

The record date of the additional ordinary share issue is November 29, 2011.