OREANDA-NEWS. HMS Hydraulic Machines & Systems Group Plc (the “Company”) (LSE: HMSG) announces that its shareholder, German A. Tsoy, and his holding company, Acura Global Limited (BVI), (the “Plaintiffs”) have launched a derivative action before the District Court of Nicosia, Cyprus, against Vladimir Vladimirovich Lukyanenko, Yury N. Skrynnik, and their holding company, Skye Commercial Corporation (BVI), as well as Artem V. Molchanov, Kirill V. Molchanov, and their holding company, Orion Production Limited (BVI), and also Vladimir Matveevich Lukyanenko (the “Defendants”).

The Plaintiffs, as minority shareholders of the Company and its majority shareholder, H.M.S. Technologies Limited (“HMST”), claim damages from the Defendants for losses allegedly sustained by the Company and HMST as result of the Defendants' alleged actions. No claims have been asserted against the Company and HMST because the Plaintiffs launched this litigation as a derivative action. The Company currently does not expect that this derivative action will adversely affect the day-to-day operations of the Company and subsidiaries of the Company.