The Supervisory Board of OJSC ALROSA, elected at the Annual General Meeting on Shareholders on June 29, held its first meeting in Moscow on September 3.

The Board members elected Ilya Yuzhanov as the Chairman of the Supervisory Board of OJSC ALROSA. Sergey Mestnikov was elected as the First Vice Chairman, Sergey Barsukov – as the Vice Chairman of the Supervisory Board.

The Board also formed the Committees for preliminary review and working out of recommendations for the Supervisory Board on key priority matters.

Egor Borisov, the President of the Republic of Sakha (Yakutia) headed the Strategic Planning Committee. Members of the Committee are Fyodor Andreev, Sergey Barsukov, Oleg Fyodorov, the Prime Minister of the Republic of Sakha (Yakutia) Galina Danchikova and the Minister of Property and Land Relations of the Republic of Sakha (Yakutia) Evgeniya Grigoryeva. According to the Regulations on the Strategic Planning Committee, it can include people who were not elected as the Board members.

The Audit Committee and the HR and Remunerations Committee are formed of independent directors, elected as the Board members: Pavel Borodin, Sergey Dubinin, Dmitry Zakharov, Vasily Lukyantsev, Alexander Shokhin. Sergey Dubinin was elected as the Chairman of the Audit Committee, Alexander Shokhin was elected as the Chairman of the HR and Remunerations Committee.

The Board members also considered a number of additional issues, which were not included in the agenda, but were added during the meeting procedure according to the Regulations on the Supervisory Board.

The Supervisory Board decided to hold the extraordinary general meeting (EGM) of shareholders of OJSC ALROSA on December 20, 2013. The agenda of the EGM will include the election of the Supervisory Board members. The EGM is called on account of tragic death of two members of the Supervisory Board, Viktor Efimov and Alexander Morozkin, representatives of the Republic of Sakha (Yakutia), in helicopter crash on July 2, 2013.

The Supervisory Board also voted to approve a number of the interested party transactions.