Result of Second AGM

22 July 2009 Prosperity Russia Domestic Fund Limited ("PRDF" and the "Company") (a closed-ended Guernsey Investment Company incorporated with limited liability under the laws of Guernsey with registered number 46129) RESULTS OF THE SECOND ANNUAL GENERAL MEETING 22 July 2009 The Board of Directors of Prosperity Russia Domestic Limited (the "Company") is pleased to announce that, at the Second Annual General Meeting held earlier today, that the following resolutions were unanimously approved by shareholders. Ordinary Resolutions 1.THAT the Directors' report and financial statements for the period ended 31st December 2008 be and are hereby received and adopted. 2.THAT KPMG Channel Islands Limited be and are hereby re-appointed as auditors of the Company. 3.THAT the Directors be and are hereby authorised to fix the remuneration of the auditors. 4.THAT the recommendation of the Board for the re-election of Mr Anthony Hall as director be and is hereby approved. 5.THAT the recommendation of the Board for the re-election of Mr James Williams as director be and is hereby approved. 6.THAT the Directors be and are hereby authorised to fix the remuneration of the Directors. 7.THAT the Company be and is hereby generally and unconditionally authorised to acquire its own shares by way of one or more market purchases in any manner in accordance with the Companies (Guernsey) Law, 2008, as amended (the "Law"), provided that: a.the maximum aggregate number of shares hereby authorised to be acquired is 14.99 per cent. of the Company's issued ordinary share capital (rounded down to the nearest whole number) during the period of the authority hereby conferred; b.shares may be acquired at any time in which the ordinary shares trade at a discount to net asset value of greater than 10 per cent. for 20 consecutive business days as determined by the manager of the Company's assets; c.the Company shall pay no less than the nominal or par value for an ordinary share and no more than 5 per cent. above the average of the middle market quotation as derived from the daily official list of the London Stock Exchange for the 5 business days immediately preceding the day on which that ordinary share is acquired; d.subject to the provisions of the Law, any of the Company's shares so acquired may be cancelled or held by the Company as treasury shares; e.unless previously renewed, varied or revoked, the authority hereby conferred shall expire at the conclusion of the Company's next AGM or 18 months from the date of passing this resolution, if earlier; and f. the Company may make a contract or contracts to acquire its own shares under the authority hereby conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiry of such authority and may acquire its own shares in pursuance of any such contract or contracts. SPECIAL RESOLUTION 8. THAT articles 31.1 and 31.2 of the Company's articles of association be deleted in their entirety and replaced with the following two articles: "31.1 Indemnity for Officers, etc In so far as the 2008 Law allows, every present and former director (including an alternate) or other officer, (but excluding any auditor), and their respective heirs and executors and, if the board so determines, any servant, agent or employee of the Company shall be indemnified out of the assets of the Company against all losses or liabilities sustained or incurred in or about the execution of his duties or otherwise in relation thereto, provided that this article 31.1 shall be deemed not to provide for any person to be excluded from liability or to be entitled to indemnification to the extent that it would cause this article, or any part of it, to be treated as void under the 2008 Law. For the purposes of this article 31.1, "2008 Law" shall mean the Companies (Guernsey) Law, 2008 including all subordinate legislation and as amended or replaced from time to time "31.2 Insurance Subject to the Statutes and in so far as they allow, the board may purchase and maintain for any present or former director, or other officer, or any auditor, servant, agent or employee of the Company or any associated company, insurance against any liability which would otherwise attach to any such person." Enquiries: Company Secretary Sharon Wrench 00 44 (1) 481 752591 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.