OREANDA-NEWS. The annual report of the Company, annual accounts, including the profit and loss report (profit and loss account) of the Company, as well as distribution of profit (including dividend payment) and losses of the Company based on the results of the fiscal year under report (2006) were approved by the shareholders in compliance with the agenda of the annual general meeting of the shareholders of North-West Telecom JSC.  

The meeting of the shareholders took a decision to pay the dividends on the basis of the results of North-West Telecom 's operation in 2006:
• RUR 0,858 per one preferred share;
• RUR 0,357 per one ordinary share.

The dividend will be paid in the monetary form under ordinary and preferred shares within the period from 15th August till 15th December 2007.

Ernst and Young LLC was approved as the Company 's auditor for the year 2007.