In the current situation, when the vast majority of assets

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VK Company Limited announces that on 13 February 2023, the Board of Directors of VK approved the possibility of redomiciliation of the company from the British Virgin Islands to the Russian Federation, subject to compliance with applicable legal and regulatory requirements.

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generate revenue in Russia, and the number of Russian holders of securities has increased, redomiciliation is in the interests of the company and its shareholders, and is also a best practice for public companies to exit foreign offshore jurisdictions.

If redomiciliation is implemented, VK will become an "international public company" under Russian law. VK will be able to continue operating as a legal entity in Russia, and the redomiciliation procedure will help improve the efficiency of the company's management.

VK intends to maintain its status as a public company and will regularly provide information on the progress of the redomiciliation.