Moscow, 17 July, 2009 – JSC Pharmstandard (LSE: PHST LI, RTS: PHST RU) informs its shareholders/holders on carrying out of extraordinary general meeting of shareholders (hereinafter: the “EGM”) in the form of absentee vote with the following agenda.

1. To approve the reorganization of JSC “Pharmstandard” in the form of joining OJSC “Pharmstandard-Octybr” and CJSC “Masterlek”;
2. To approve the project of the contract of adhesion of OJSC “Pharmstandard-Octybr” to JSC “Pharmstandard”;
3. To approve the project of the contract of adhesion of CJSC “Masterlek” to JSC “Pharmstandard”.

OJSC Pharmstandard-Oktybr and CJSC Masterlek have no operating activity. As of result of reorganization, JSC Pharmstandard will increase its assets.