Etalon Group PLC announced changes to its Board of Directors. Etalon Group's Board of Directors accepted the resignation of the independent director Ganna Khomenko from the Board and its Remuneration and Nomination Committee as well as its Audit Committee. In line with best corporate governance practices and in order to maintain a balanced Board structure and the independence of the Board's directors, Andreas Kryftis was appointed as a new independent director.

In addition, Mr. Kryftis was nominated and unanimously approved by the Board of Directors as a member of the Board's Audit Committee. Taking the above changes into account, the current membership of the Board of Directors is as follows: Sergey Egorov, Chairman of the Board of Directors, non-executive director; Gennadiy Shcherbina, Chief Executive Officer of Etalon Group; Dennis Vinokourov, non-executive director; Alexander Voloshin, independent non-executive director; Boris Svetlichny, independent non-executive director; Marina Ogloblina, independent non-executive director; Vitaly Pyltsov, independent non-executive director; Andreas Kryftis, independent non-executive director. Andreas has more than 15 years of experience in corporate finance, investments and tax planning.

Currently, as the Head of the Accounting and Tax Department at Fiduciana Trust (Cyprus) Limited, Andreas specialises in consulting on tax structures and planning, dealing extensively with audit and tax issues. Prior to that, Andreas dealt with audit issues at KPMG (Cyprus). He graduated from Manchester University and is a member of the Association of Chartered Certified Accountants.