BNY Mellon Appointed as Successor Depositary Bank by Cherkizovo Group

NEW YORK, May 27, 2011 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed as successor depositary bank by OJSC Cherkizovo Group (Cherkizovo) for the company's global depositary receipt (GDR) program.  Three Cherkizovo GDRs represent two ordinary shares and trade on the London Stock Exchange under the symbol "CHE."  Cherkizovo's ordinary shares trade on MICEX and RTS under the symbol "GCHE."  The Cherkizovo GDRs and ordinary shares have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the U.S., absent registration or an applicable exemption from the registration requirements.

Based in Russia, Cherkizovo Group is a leading vertically integrated agro-industrial firm with operations across the full lifecycle from feed production and breeding to meat processing and distribution. Cherkizovo's operational facilities include meat processing plants, pork and poultry production complexes, and combined fodder production plants.  Cherkizovo's geographical footprint covers Moscow and the regions of Central Russia, and its consumer brands include Cherkizovsky, Petelinka, and Imperia vkusa.

"We have selected BNY Mellon as successor depositary for its commitment to the Russian market and its recognized leadership and expertise," said Irina Ostryakova, communications director, Cherkizovo Group. "We are confident BNY Mellon has the resources to help us effectively service our investors."

"When an experienced DR issuer like Cherkizovo appoints us as successor depositary bank, a clear message is sent to the marketplace highlighting our proven track record and commitment to clients," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business.  "We look forward to putting our extensive resources to work for Cherkizovo Group."

BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more at www.bnymellon.com/dr.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com.

This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.

SOURCE BNY Mellon

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