DVPS DA Vinci Cis

    29 May 2008

                Da Vinci CIS Private Sector Growth Fund Limited                

                         ("Da Vinci" or the "Company")                         

          Admission to Specialist Fund Market & First Day of Dealings          

Da Vinci CIS Private Sector Growth Fund Limited is today pleased to announce
that its shares became the first fund company to be admitted to trading on the
Specialist Fund Market of the London Stock Exchange. Dealings commenced at 8.00
AM today under the ticker symbol: DVPS.


Approximately US$90 million of capital was raised in a private placement in
January 2008. With additional funds raised as part of the admission to the
Specialist Fund Market, a total of approximately US$110 million was admitted to
trading today. Shore Capital Stockbrokers Limited and URALSIB Securities
Limited acted as placing agents to the Company. The Company's shares are also
listed on the Channel Islands Stock Exchange.

Da Vinci is a Guernsey closed-ended company targeting investments in private
companies in the CIS planning an IPO, strategic sale or management buy-out in
the next two to four years, as well as small cap companies already listed on
the region's markets.

The Company aims to achieve medium-term capital growth through investments
primarily in unlisted equity and equity-related securities and other
instruments of companies that are located in Russia and other countries of the
Commonwealth of Independent States.

Commenting on today's announcement, Oleg Jelezko, Managing Partner and CEO of
the Da Vinci Capital Group of companies, said:

"I am pleased to announce Da Vinci CIS Private Sector Growth Fund Ltd's
admission to trading on the London Stock Exchange's new market, the SFM, a
vital step in the Company's development strategy. This Company is the flagship
product of Da Vinci Capital Management. We have been careful to build an
organisation that possesses complementary skill sets in both public and private
equity. We look forward to generating continued value for our existing
shareholders as well as attracting new investors. We hope that admission to the
London Stock Exchange will generate significant inflows in the future."

Additional information can be found on the Company's website www.dvcap.com or
further enquires can be made to:

Da Vinci Capital Management team

Oleg Jelezko - Managing Partner and CEO +7 495 662 6370

Natalia Ivanova - Managing Director - OOO Da Vinci Capital (Advisor to the
Company) +7 495 662 6394

Steven R Philipp, CFA - Partner and COO +44 (0)20 7529 6647

Avigail Slavin - Director Investor Relations +44 (0)20 7529 6640

Shore Capital Stockbrokers Limited +44 (0)20 7408 4080

Simon Fine +44 (0)20 7647 8133

Pascal Keane +44 (0)20 7408 4090

URALSIB Securities Limited

Michelle Kelner +7 495 723 7026

John Parker +44 (0)20 7562 8042

John Lewin +44 (0)20 7562 8080

Notes to Editors:

About Da Vinci Capital Management

Da Vinci Capital Management was established in the summer of 2007 by a
management team led by Oleg Jelezko, in partnership with BSG, a privately owned
multi-billion dollar group of companies focused on natural resources, real
estate and global financial investments. The partners in the Da Vinci Capital
Management team are entrepreneurial professionals with extensive investment
management, trading and private equity experience from some of the leading
financial institutions in the emerging European markets. With a licensed
Investment Manager in Guernsey and an advisory company in Moscow and a
representative office in London Da Vinci Capital Management employs 22
professionals in its three offices focused on four product areas: private
equity, public equity, fixed income and real estate.

About Shore Capital Stockbrokers Limited

- Shore Capital Stockbrokers Limited is a subsidiary of Shore Capital Group
plc, a London-listed independent investment banking group, which specialises in
equity capital market activities and fund management. The equity capital
markets division offers a wide range of services for companies, institutions
and other sophisticated clients including corporate finance, stockbroking and
market-making. Shore Capital Limited manages specialist funds, with a
particular focus on alternative asset classes.

- Shore Capital Group is based in London, Liverpool, Frankfurt and Berlin.
Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited and
Shore Capital Limited are authorised and regulated by the Financial Services
Authority. Shore Capital Stockbrokers Limited is a member of the London Stock
Exchange.

About URALSIB Securities Limited

- URALSIB Securities Limited ("URALSIB") is authorised and regulated by the
Financial Services Authority ("FSA") in the United Kingdom, and is a member
firm of the London Stock Exchange. USL is based in London, England and is a
wholly owned subsidiary of Financial Corporation URALSIB LLC in Moscow, Russia.

- The URALSIB group is the largest privately owned financial services group in
Russia with 23,200 employees, over 1,000 points of sale and 4.5m customers in
Russia. The group is a full service bank, providing commercial banking,
insurance, leasing, factoring, asset management and private banking, investment
banking and brokerage services to its clients.


Fortis Fund Services (Guernsey)
Company Secretary
Tel: 01481 751000

Ends.



END

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