OREANDA-NEWS. North-West Telecom’s Board of Directors has determined the 2006 dividend rate recommended to the Annual General Meeting of Shareholders and has approved the agenda for the Annual General Meeting of Shareholders scheduled for June 22, 2007.

North-West Telecom’s Board of Directors approved the following agenda for the Annual General Meeting of Shareholders:

1. Approval of the annual report, annual accounting reports, including profits and losses report (profits and losses account) of the Company as well as distribution of profit (including payment of dividends) and losses of the Company according to the results of the financial year 2006;
2. Election of members of the Board of Directors of the Company;
3. Election of members of the Audit Commission of the Company;
4. Approval of the Company Auditor for 2007;
5. Determination of the fee to members of the Board of Directors of the Company;
6. Changes and additions to the Charter of the Company. Approval of the amended Charter of the Company;
7. Changes and additions to the Regulation on the Board of Directors of the Company. Approval of the amended Regulation on the Board of Directors of the Company;
8. Changes and additions to the Regulation on the General Meeting of Shareholders of the Company.

The Board of Directors determined that only ordinary shareholders of the Company would have the right to vote on all issues on the agenda of the General Meeting of Shareholders of the Company.