August 4, 2011

NEW YORK / MOSCOW - Following-up its earlier announcement of the sale of IndexAtlas Group that Sergey Skaterschikov completed in May 2011, IndexAtlas Group today announces the below corporate and management changes:

1. IndexAtlas Group's shareholders are:
   
   Milou Finance Ltd (51% owner). Milou representing a group of substantial Russia-based investors; and
   
   Next Edition Partners, the Vienna, Austria-based investment management firm run by former IndexAtlas executive, Markus Huber.


2. Michael Moriarty will serve as the Chairman of the Board of IndexAtlas Group, and Elena Zavelev will be the Chief Executive Officer of IndexAtlas Group, all effective as of September 1, 2011. IndexAtlas Group will remain headquartered in New York.


3. Sergey Skaterschikov will resume his involvement with IndexAtlas Group effective as of September 1, 2011 working on individual key client engagements, providing operational leadership for Skate's Art Market Research and remaining the key man under the franchise agreement with Realogy Corporation for Moscow Sotheby's International Realty.

"With 10 years of steady growth behind our belt, we are now looking forward to growth opportunities offered to IndexAtlas by its new shareholders", commented Michael J. Moriarty, IndexAtlas Chairman who founded the group in August 2001 together with Mr. Skaterschikov.

"We will continue to focus on cross-border investment deals and the TMT, art industry, real estate, private medicine and financial services sectors going forward, with our art industry and real estate corporate finance practice remaining the core area of focus" -- added Mr. Moriarty.

For more information, please contact Elena Zavelev, CEO, in New York or Ilya Sokolovsky, CFO, in Moscow.