OREANDA-NEWS. March 21, 2008. Moscow Interdistrict Inspectorate No.46 of the Federal Tax Department has registered changes in the Articles of OJSC "ROSNO", reflecting increase in the company’s authorized capital following the latest share issue.

The extraordinary general meeting of shareholders issued a resolution to increase the authorized capital of OJSC "ROSNO" by closed subscription of additional common registered non-documentary shares among the company’s shareholders.

The quantity of additionally issued securities is 9,702,049 (Nine million seven hundred two thousand forty-nine). The potential buyers of these securities are Allianz SE and OJSC "JSFC Sistema".

The share issue of 9,702,049 (Nine million seven hundred two thousand forty-nine) shares was fully allocated prior to expiry of the official allocation period. Nominal value of each share is 10 roubles. According to the allocation results, the additional share issue has been acquired by Allianz SЕ.

Authorized capital of OJSC "ROSNO" after completion of additional issue is 1,281,200,580 roubles (versus 1,184,180,090 roubles prior to the issue). Yet ROSNO’s share capital structure has not been strongly affected. Today, Allianz SE holds 97% interest in OJSC "ROSNO", and JSFC Sistema owns the remaining 3% of shares.