OREANDA-NEWS. On 18 May 2009 was announced, that Board of Directors of JSC "The Seventh Continent" dedicated to shareholders. As a result of Board of Directors meeting the agenda of the shareholders General Meeting, scheduled for June, 30 th, 2009 was approved.

The list of shareholders, that have the right of participation in shareholders' General Meeting, will be made as of May, 12th, 2009.

The agenda:

1. Report about Company's financial activity in 2008 made by СEO of the Company Stepan Kovalchuk.

2. Report about Company's activity in 2008 made by Audit commission of the Company.

3. Approval of the balance sheet and income statement for 2008.

4. Board of Directors recommendations of profit and loss appropriation account for 2008 approval.

5. Auditor appointment approval

6. Election of Board of Directors members of the Company

7. Election of Audit commission members of the Company

8. Election of Counting Board members of the Company

9. Amount of compensation for the Board of Directors members of the Company approval.

Also Board of Directors has proposed to the General Shareholders Meeting not to pay dividends as a result of the fiscal year 2008.