OREANDA-NEWS. On June 06, 2007 a meeting was held of the Board of Directors of Svyazinvest (hereinafter, the Company) which was attended by the following individuals, reported the press-centre of  Svyazinvest:
 
Leonid Dodozhonovic Reiman – Telecommunications Minister;
Boris Dmitrievich Antonyuk – Deputy Minister of Telecommunications;
Lyudmila Ivanovna Pridanova – deputy head of the Federal Property Management Agency;
Vadim Alexeyevich Stepanov – state secretary – deputy director of the Federal Secur9ty Service of Russia;
Karen Petrovich Markaryan – assistant deputy director of the Administration of the Government of the Russian Federation;
Vasily Mikhailovich Popik – deputy director of the Expert Department of the President of the Russian Federation;
Sergey Dmitrievich Shchebetov – General Director of Sistema Telecom.
 
The following issues were reviewed by the Board of Directors:
 
- on the Company’s 2006 annual financial statement;
- on recommendations for the annual general shareholders meeting related to profit allocation, including the size and procedure for paying out dividends on the results of work in 2006;
- on information from the tender committee about selecting audit firms to conduct the Company’s annual mandatory audit.
- on convening the Company’s annual general shareholders meeting.
 
The BoD adopted the following decisions at the meeting:
 
To preliminarily approve the Company’s annual 2006 report.
To recommend that the annual general shareholders meeting approve allocation of the Company’s net income as follows:
- Rub 200,766 as dividend payouts;
- to increase the Company’s equity capital by 50,000,000 to perform investment activity.
 
To recommend that the annual general shareholders meeting pay out 2006 dividends in the amount of Rub 0.010286 per common share.
 
To recommend that Ernst & Young be approved as the Company’s 2007 auditor.
 
To convene the general shareholders meeting of Svyazinvest on July 10, 2007.  To approve the following agenda of the annual general shareholders meeting of the Company:
 
- approval of the Company’s annual financial statement;
- approval of the annual accounting reports, including the P&L statement (profit and loss accounts) of the Company;
- approval of allocation of the Company’s profits based on the results of 2006;
- on the size, term and form of dividend payouts based on the results of 2006;
- election of members of the board of directors (supervisory council) of the Company;
- determination of the number of members on the Company’s Audit Committee;
- election of members of the Audit Committee (Auditor) of the Company;
- approval of the Company’s Auditor;
- approval of the new version of the Company charter.