Mr. Mishin was appointed as a non-executive member of the Board of Directors and elected as its chairman in 2008. In addition, Mr. Mishin has served as a member of the board of directors of Petrolesport since 2007 and a member of the board of directors of VSC since October 2005. Mr. Mishin has also held the positions of a member of the board of directors of Sevtekhnotrans OOO since September 2007 and member of the board of directors of New Forwarding Company OAO since June 2007. Mr. Mishin served as a member of the board of directors and the commercial director of Severstaltrans ZAO from 1996 until April 2008. He graduated from the Lomonosov Moscow State University where he studied philosophy.

Mr. Mishin is one of the controlling shareholders of TIHL, which is the Company’s controlling shareholder.

Mr. Nazarchuk was appointed as an executive member of the Board of Directors in 2008 and has been the chief executive officer of the Company since 2008. Mr. Nazarchuk has also held the positions of chairman of the council of VEOS (earlier EOS) since December 2004, member of the board of directors of Petrolesport since December 2007 and member of the board of directors of VSC since October 2005. Mr. Nazarchuk served as a member of the board of New Forwarding Company OAO from June 2003 until August 2008, a member of the board of directors of Sevtekhnotrans OOO from September 2007 until August 2008, a member of the board of directors of AS Spacecom from April 2003 until June 2008 and a senior scientist in International Centre of Scientific and Technical Information of Moscow from December 1996 until December 1998.

He graduated from the Lomonosov Moscow State University with a doctorate in philosophy. Dr. Nazarchuk has been a Professor of Social Philosophy at the Lomonosov Moscow State University since September 2002. He is the author of three books, Ethics of the Globalising Society (2003), Theory of Communication in Modern Philosophy (2009), Social philosophical Understanding of Globalisation (2007), and numerous articles.

Mr. Iodchin was appointed as an executive member of the Board of Directors with the functions of the internal auditor of the Company in 2008. He resigned from the position of internal auditor in 2011. Mr. Iodchin held a position as a member of the supervisory board of Forstok Invest OÜ and Baleani Invest OÜ since February 2008. Mr. Iodchin graduated from the Lomonosov Moscow State University where he obtained a master’s degree in economics. He also finished a post-graduate program at the Moscow Institute for Economics and Linguistics and the Lomonosov Moscow State University, where he obtained a Ph.D. in economics. Mr. Iodchin was a teaching assistant in the Economics Faculty of the Lomonosov Moscow State University from 2004 until June 2008. He has a diploma in international finance reporting standards and corporate finance.

Capt. Smith was appointed as a member of the Board of Directors in 2008 and is an independent non-executive director. Capt. Smith has also held the positions of chairman of the board of directors of Asian Terminals Incorporated since 2005. Capt. Smith served as vice president and managing director for South East Asia at DP World until his retirement from this position in July 2008. He also served as a member of the board of directors of VSC and VICS from 1999 until 2008, Railfleet Holdings Limited from 2005 until 2008 and as deputy chairman of the board of directors of LCIT (Laem Chabang, Thailand) from 1999 until 2008 and as chairman of the board of directors of SPC (Saigon, Vietnam) from 2006 until 2008. Capt. Smith is currently serving as the chairman of Sydney Port Corporation. He received his master mariner qualification at the University of Technology, Sydney, Australia and is a graduate of the Advanced Management Program, Macquarie Graduate School of Management, Macquarie University, Sydney, Australia.

Ms. Walker was appointed as a member of the Board of Directors in 2011 and is an independent non-executive director. Ms. Walker has 19 years of banking experience in different industries and countries. She has been working as a managing director in the financial sponsors coverage group in ING Bank N.V., London branch, since August 2010. Prior to that, Ms. Walker worked in various managerial positions in the Moscow office of ING Bank Eurasia for 13 years. She graduated with honours from the University of Sussex with a B.A. in International Relations.

Mr. Loganov was appointed as a non-executive member of the Board of Directors in 2008. Mr. Loganov is currently finance manager of Leverret Holding Ltd (Cyprus) and from June 2004 until May 2006 was finance manager of Sevtekhnotrans OOO. Mr. Loganov has served as a director of Globaltrans and on its nomination committee since March 2008. From 2001 until 2004 Mr. Loganov worked as a financial analyst for American Express (Europe) Ltd. Mr. Loganov holds a BA (Hons) in business studies with finance from the University of Brighton.

Mrs. Nicolaou was appointed as a non-executive member of the Board of Directors in 2009. Mrs. Nicolaou is currently managing director of Amicorp (Cyprus) Ltd, Nicosia, Cyprus. She also serves as a Director of Legal and Corporate Services, a position she held since March 2007. Mrs. Nicolaou was the Head of the Corporate Law Department at Polakis Sarris & Co. from July 2003 until March 2007. Prior to that she worked as a lawyer at C. Patsalides LLC from 2002 until 2003. She graduated from the University of Nottingham where she obtained Bachelor of Law. Mrs. Nicolaou also has an LLM in Commercial and Corporate Law from University College London, UK and an MBA from the Cyprus International Institute of Management, Nicosia, Cyprus. She is also a member of the Cyprus BAR Association.

Mr. Pevzner was appointed as a non-executive member of the Board of Directors in 2009. Mr. Pevzner is currently an advisor to the CEO of Sberbank Capital OOO, a position he has held since 2008. Mr. Pevzner held the position of advisor to the CEO of OGK-6 OAO (The Sixth Wholesale Power Market Generation Company) from 2006 to 2008. Prior to that, he served as the Assisting Adviser to the Minister of Transport of the Russian Federation from 2004 to 2006. He graduated from Gubkin Russian State University of Oil and Gas where he obtained a degree in production engineering in the chemical industry.

Mr. Shirokov was appointed as a non-executive member of the Board of Directors in 2008. Mr. Shirokov is currently Financial Manager and a member of revision committees of a number of companies of TIHL’s group, which positions he has held since 2005 and 2007, respectively. Mr. Shirokov has served as a member of the Board of Directors and an internal auditor for Globaltrans since 2008. He has more than ten years of experience in the areas of financial planning, budgeting, and auditing. Mr. Shirokov graduated from the Finance Academy of the Russian Federation where he studied International Economic Relations. Mr. Shirokov has also completed a course in Business Management at the Business School of Oxford Brookes University, UK.

Mr. Tofaros was appointed as a non-executive member of the Board of Directors in 2009. Mr. Tofaros is currently an accounting manager in Amicorp (Cyprus) Ltd., Nicosia, Cyprus, a position he has held since 2008. Mr Tofaros held the positions of financial accountant at Depfa Investment Bank Ltd from 2004 until 2008. Prior to that, he worked at as a financial officer at Louis Catering Ltd from 2003 to 2004 and at KPMG Cyprus, where he held various positions in the Audit Department. He graduated from the University of Kent at Canterbury in the UK with a B.A. in Accounting & Finance & Economics. He also holds a Master’s degree in Business Studies from the University of Kent at Canterbury and a Chartered Certified Accountant (FCCA) diploma.

Mr. Thomaides was appointed as an executive member of the Board of Directors in February 2008. He has also been a director at Leverret Holding Ltd (Cyprus) since 2007. He previously served as a director at Globaltrans Investment Plc from 2004 until 2008. Mr. Thomaides graduated with honours from the Southbank University, UK and has a Bachelor of Science degree in consumer product management. He is a member of the Cyprus Chamber of Commerce and The Cyprus Law Society.