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Directorate Change

6 Jul 2011 09:12

RNS Number : 8597J

Mirland Development Corporation PLC

06 July 2011

6 July 2011

MIRLAND DEVELOPMENT CORPORATION PLC

("MirLand" or the "Company")

Management Change

MirLand Development Corporation plc, one of Russia's leading residential and commercial property developers, today announces that, as previously notified would be the case, Mr Morag stepped down from his position as non-executive director of the Company on 30 June 2011.

Nigel Wright, the Company's Chairman said "Once again, I would like to thank Moshe Morag for his outstanding service to the Company both as our CEO and as a non-executive director".

For further information:

MirLand Development Corporation plc

Roman Rozental

+7 495 787 49 62

+7 499 130 31 09

Financial Dynamics

Dido Laurimore / Will Henderson

+44 20 7831 3113

This information is provided by RNS

The company news service from the London Stock Exchange

END

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