On April 10, 2009 the Board of Directors recommended to the Annual general shareholders' meeting to adopt a resolution on payment of dividends for the financial period of 12 months of 2008 in the amount of RUB 0.000 per ordinary share.

The issue of dividend payout for the full financial year 2008 will be considered at the Annual general shareholders' meeting on May 22, 2009 based on recommendations of the Board of Directors.

The list of persons entitled to participate in the General Shareholders' meeting of the Company's shareholders is prepared on the basis of the Shareholders' Register as of business close April 09, 2009.

On August 29, 2008 the Extraordinary Shareholders’ Meeting took the decision on dividend payment in the amount of RUR 0.382 per ordinary share based on the financial results for the first 6 months of 2008.