OREANDA-NEWS. The annual shareholders’ meeting of Russian Railways approved the Company’s Annual Report for 2006, the profit and loss statement for 2006 and passed a resolution to make a cash dividend payment for 2006 amounting to 1,051,300,000 roubles from net profits.

The shareholders’ meeting also confirmed the new 12-person Board of Directors consisting of: V. N. Ampilov, V. S. Belov, A.V. Dementyev, A.D. Zhukov, A. L. Kostin, I. E. Levitin, A. S. Misharin, V. L. Nazarov, A. V. Popova, G.M. Fadeyev, I. I. Shuvalov and V. I. Yakunin.

The Company’s Audit Committee consists of M. R. Vinter, A. V. Kazytin, E. F. Mikhailov, S. V. Nesvetailova, G. S. Nikitin, V. V. Oseledko, E. N. Polyakov, S. V. Tugarinov and O. V. Fedyushkina.

Russian Railways had appointed BDO Yunikon as auditor for the 2006 financial year.

The 2006 results Russian Railways showed a balance-sheet profit of 59.2 billion roubles, including profit from freight shipments of 105.3 billion roubles and losses from passenger transport of 43.2 billion roubles.

Net profit for 2006 was 26.4 billion roubles.