OREANDA-NEWS. February 28, 2008. As it was mentioned before on 29th of December of 2007 the extraordinary general shareholders’ meeting of OJSC Transsiberian Re was held. During the session there was the decision taken to increase the chartered capital of the Company by additional issue of 1 million of ordinary shares. Stocks at par of 60 russian rubles is equivalent to its placing price. The shares are placed with private placement.

Adoption of additional issue was made by The Board of Directors of OJSC Transsiberian Re on 11th of January of 2008.

On 18th of February of 2008 the regional office of The Federal Financial Markets Service in Central Siberia region brought into action the State Registration of Additional Share Issue.

Keeping in with the law those shareholders of The Company who gave vote for or against the decision have the right of preemption of placing shares. The period of validity of preemption right is 46 day from the date of the corresponding notice of “Supplements’ Vestnik of The Federal Financial Markets Service”.