NEWS

Notice of Annual General Meeting of Shareholders

Globaltrans Investment PLC (“Globaltrans”; “Company” or together with its consolidated subsidiaries the “Group”; LSE ticker: GLTR), today announces that its Annual General Meeting of shareholders (“AGM”) is to be held on September 3^rd, 2009 at City House, 6 Karaiskakis Street, Limassol, Cyprus at 4.00 pm Cyprus time.

The agenda of the AGM will include the following items:

1. To receive and adopt the Group and Company audited financial statements and the reports of the directors and the auditor contained in the annual financial report for the year ended 31 December 2008.
2. To approve the proposal of the Board of Directors that no additional dividends be paid in respect of the financial year ended on 31 December 2008.
3. To re-appoint PricewaterhouseCoopers Limited as auditors of the Company to hold office until the conclusion of the next general meeting at which the accounts are laid before the Company and to authorise the Board of Directors to determine the remuneration of the auditors.
4. To re-appoint Alexander Eliseev as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company.
5. To re-appoint Michael Zampelas as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company with an annual gross remuneration of EUR60,000 (sixty thousand).
6. To re-appoint Hans Durrer as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company with an annual gross remuneration of EUR110,000 (one hundred ten thousand).
7. To re-appoint Sergey Maltsev as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company.
8. To re-appoint Mikhail Loganov as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company with an annual gross remuneration of EUR120,000 (one hundred twenty thousand).
9. To re-appoint Elia Nicolaou as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company with an annual gross remuneration of EUR1,500 (one thousand five hundred).
10. To re-appoint Konstantin Shirokov as a director of the Company for a period of one year to hold office until the conclusion of the next annual general meeting of the shareholders of the Company.

Shareholders registered at the record date of August 12^th, 2009 will be eligible to participate and vote at the AGM.

Further details about participation at the AGM are available at Globaltrans’ corporate website (www.globaltrans.com) and will be circulated to the depositary receipts holders as of the record date by The Bank of New York Mellon as the depositary bank.

ENQURIES
Globaltrans Investor Relations
Priit Pedaja
Mikhail Perestyuk
Phone: +357 25 503 153
Email: [email protected]

The Bank of New York MellonInvestor Services
Phone: +1 888 BNY ADRS (1 888 269 2377); +1 201 680 6825
Email: [email protected]

LEGAL DISCLAIMER
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as expect, believe, anticipate, estimate, intend, will, could, may or might the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.