OREANDA-NEWS. On 30 May 2008 was announced, that annual JSC Tolmachevo Airport’s shareholder meeting took place in Novosibirsk on May 27, 2008.

During the Meeting the shareholders approved the Company’s Annual Report, the Book-keeping Report and profit distribution procedure for 2007. The amount and terms for payment of dividends were also agreed in accordance with the operation results of the Company in 2007. Besides, a new Board of Directors and a Revision Commission were elected. The shareholders also appointed an auditor for JSC Tolmachevo Airport to be acting in 2008.

Tolmachevo International Airport (Novosibirsk) is the largest airport complex in Siberian Federal District. Now the airport is connected by air lines with 80 cities located on the territory of Russia, CIS and other foreign countries. According to the State Concept for Development of Airport Network, Tolmachevo is included in the number of 11 largest airports to become hubs.

According to the data of Russian Transport Clearing Chamber the airport takes the 6-th place in the rating of Russian airports and the 9-th place by handled volume of cargo and mail.

In 2007 the passenger traffic in Tolmachevo Airport amounted 1,873.5 thousand passengers:

• Departure – 883.1 th. PAX

• Arrival – 870.1 th. PAX

• Transit – 119.6 th. PAX

The total number of aircraft movements in 2007 amounted 24,324 with total take-off weight 1,073.5 th. tons, including:

• Domestic flights – 18,334

• International flights – 5,990

Operational results of JSC Tolmachevo Airport in 2007 were as follows:

• Profit on services sales - 2,867 million rubles (vise 2,328 million rubles in 2006);

• Profit on aviation activity – 903.7 million rubles;

• Profit on non-aviation activity 1,963 million rubles;

• Net profit in 2007 amounted 124 million people;

• Profit before taxation – 183 million rubles.

The net profit is decided by the shareholders to distribute for the payment of dividends and for the investment purposes. The payment of dividends against the shares is anticipated as:

• Class A privileged shares – 12.405 million rubles (7.97 rubles per share);

• Ordinary shares – 9,924 million rubles (2.12 rubles per share).

For the investment purposes the Company plans to spend 101.7 million rubles of net profit, including:

• 90.8 million for the reconstruction of international terminal;

• 6.9 million for the reconstruction of landside area;

• 4 million for the installation of lighting for the airport road.

The new Board of Directors determined at the Shareholders Meeting includes 9 members:

• Mr. Vladimir Afonin – Deputy of the Head for Federal Property Control Body in Novosibirsk Region;

• Mr. Alexander Borodin – Assistant of Russian Minister of Transport;

• Mr. Igor Vasilchenko – General Director of Novaport LLC.;

• Mr. Timofey Vohmin – Head of Finance and Accounting Department of Federal Air Transport Agency;

• Mr. Rasul Idrisov – First Deputy of Novaport LLC.;

• Mr. Boris Korol – Deputy of Russian Minister of Transport;

• Mr. Vladimir Nikonov – Novosibirsk Region Governor’s Deputy;

• Mr. Sergey Rumyantsev – Adviser of Deputy of Russian Minister of Transport;

• Mr. Yury Tolmachev – expert of Federal Property Control Body.

CJSC Agency for Economic Consulting and Audit Services (KONSAUD, Novosibrsk) was elected to carry out compulsive audit of JCS Tolmachevo Airport in 2008.