OREANDA-NEWS. June 26, 2008. OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia’s leading gold producer, today announced preliminary results of the Annual general shareholders meeting (AGM) that was held in Moscow today, June 26, 2008. The AGM approved the annual report of OJSC Polyus Gold for the year 2007, as well as its 2007 financial statements and profit and losses statement.

The meeting decided to allot RUR562,351,853.65 for dividend payments, announced dividends for the year 2007 in the amount of RUR2.95 per one ordinary share of OJSC Polyus Gold and set August 29th, 2008 as dividend payment deadline.
 
The shareholders of Polyus Gold voted FOR the amendments to the Charter of OJSC Polyus Gold, aimed at improving the Company’s corporate governance. The AGM also elected the Audit Commission of the Company and approved Rosexpertiza ltd. as the Company’s auditor for the year 2008.
 
The meeting elected a new Board of directors of OJSC Polyus Gold consisting of the following members: Valery Braiko, Robert Buchan, Lord Patrick Gillford, Evgueni Ivanov, Andrey Klishas, Mikhail Prokhorov, Valery Rudakov, Ekaterina Salnikova, Evgueni Yarovikov.
 
Jenington International Inc. holding a 6.5% stake of OJSC Polyus Gold voted proportionally for all the candidates to the Board, in accordance with the Board’s decision taken on May 21, 2008.
 
General Director of OJSC Polyus Gold Evgueni Ivanov said: “We are pleased that the institutional investors supported the election of two independent directors into the Board – Valery Braiko and Robert Buchan. Particularly, we welcome the election of Robert Buchan, known as one of the leading gold mining professionals in the world”. Evgueni Ivanov also underlined “the important role played by the Company’s minority shareholders in taking today’s decisions”.