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Russia Infrastructure Equities Limited - Change of Auditor
Hamilton, Bermuda - 02 April, 2009 - In an announcement made to the Bermuda Stock Exchange (BSX), Russia Infrastructure Equities Limited (the "Company") (Ticker: RUSINFE.BH) wish to advise that on 17 March 2009 the holder of the Management Shares of the Company terminated the appointment of KPMG as auditors of the Company and appointed Ernst and Young as new auditors with effect as of 1 January 2009.
The Directors believe that the appointment of Ernst and Young is in the best interest of the Company, as they have reasonable expectations that it will result in enhanced quality of services to the Company as well as a reduction in audit fees.
For further information, please contact Alyona Raevskayaon +7 495 258 7788 ext. 4441