OREANDA-NEWS  On 18 December was announced, that OMZ (Uralmash-Izhora Group) (OMZ) held an extraordinary general shareholders’ meeting (EGM) on 9 December 2008.

Shareholders voted to approve the following transactions:

1. Approval of possible future interested party transactions, executed by the Company in the course of its day-to-day operations.

2. Approval of an interested party transaction – entering into a sale-purchase contract with Forpost Management for shares of Atomstroyexport.

3. Approval of an interested party transaction – conclusion of an addendum to the Contract of Guarantee No: 5503-113207-П1 from 5 December 2007 for the discharge of the obligations of Izhorskiye Zavody according to the Contract for Opening of a Non-revolving Credit Line No: 5503-113207 from 11 September 2007.

4. Approval of an interested party transaction – conclusion of an addendum to the Contract for Pledge of Securities No: 5503-113207-ЦБ from 10 December 2007 in guarantee of the discharge of the obligations of Izhorskiye Zavody according to the Contract for Opening of a Non-revolving Credit Line No: 5503-113207 from 11 September 2007.

5. Approval of an interested party transaction – entering into a contract with Gazprombank for the pledge of shares in Atomstroyexport.

In addition, shareholders withdrew an earlier decision to appoint PriceWaterhouseCoopers as auditors for 2008 fiscal period and instead appointed KPMG.