OREANDA-NEWS. On 31 March 2009 was announced, that the regular Annual General Shareholders Meeting of NJSIC Oranta is scheduled on April 17, 2009 at 12:15. It will take place in Zakarpatsiy area, Perechinskiy region, Turya Pasika village, in the conference hall of Voyevodino tourist complex. Registration of the participants will be carried out from 11.00 to 12.00 Kiev time.

Following the previously declared by the management course of publicity and openness, taking into account the declared plans with respect to an IPO, company invites plenty of local and foreign media to the AGSM for the most complete coverage of the event. Questions of accreditation request should be sent to the PR director of IMG International Holding company Ms. Olena Kulakova at Alona.Kulakova@oranta.ua or 8-067-320-11-83.

The meeting agenda includes the following questions – approval of Oranta’s Management report of the financial-economic activity in 2008 and activity guidelines for 2009; approval of report and conclusions of inspection commission on Oranta’s financial-economic activity in 2008; approval of the company’s annual report and balance sheet as of end 2008; Oranta’s 2008 annual profit distribution and declaration of the norms of profit distribution for 2009; creation, reorganization and the liquidation of certain subdivisions and approval of the documentation on such subdivisions, etc. Other topics of the agenda include decisions required for further aggressive, confident and responsible activity of Oranta in the market as the largest Ukrainian insurance company.

As of today Oranta’s share of the classical insurance market (measured by total insurance premiums) is more than 12%. In 2008 the Company written an unprecedented volume of insurance premiums – UAH1,010 mln. – a record for the market, which by 45% exceeds the volume of the premiums written in 2007 (UAH693.6 mln. Total number of policies issued in 2008 was 5,409,047.

Last year the Company paid off claims for a total amount of UAH399.5 mln., which exceeded last year volume by 66% (UAH240.1 mln.). The insurance reserves reached UAH405.9 mln., 48% more than in 2007. Company’s own capital also increased by 48% and reached UAH411.1 mln. Statutory capital practically quadrupled to reach UAH175 mln. It is worth noting that on March 12 the independent rating agency “Credit- rating” confirmed the long-term credit rating of company at the level of uaA with stable outlook, which indicates the absence of prerequisites for changing the rating within a year. 2008 results confirm the successful and dynamic development of the Company.