Director/PDMR Shareholding

1 

Details of PDMR/person closely associated with them ('PCA')

a)

Name 

Baring Vostok Investments PCC Limited 

2

Reason for the notification

a)

Position/status

PCA - Associated with the non-executive directors Michael Calvey and Aleksey Kalinin

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

Name

Volga Gas plc

b)

LEI

2138005MSA4Q6W8E1R48

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 1p each

GB00B1VN4809

b)

Nature of the transaction

Market purchase of ordinary shares 

c)

Price(s) and volume(s)

d)

Aggregated information

 - Aggregated volume

 - Price

4,800,460

49.5p 

e)

Date of the transaction

13 January 2017

f)

Place of the transaction 

XLON

5.

Cumulative interest as a result of the transactions notified

4,800,460 Ordinary Shares.

Baring Vostok Investments PCC Ltd is advised by Baring Vostok Capital Partners Group Limited ("BVCP") which separately advises two Baring Vostok Private Equity Funds that hold combined interests of 58.66% of the Ordinary Share capital of the Issuer.

The cumulative interests held by the funds advised by BVCP comprise 64.59% of the Ordinary Share capital of the Issuer.