OREANDA-NEWS. On 15 July 2009 was announced, that Svyazinvest (hereafter, the Company) held its annual general shareholders meeting in Moscow.

During the annual general shareholders meeting shareholders approved the Company’s annual financial statement and the annual accounting reports, including the profit and loss report (profit and loss account).

The board of directors adopted the decision to allocate 100% of the Company’s net profit which was generated on the results of the 2008 financial year, amounting to Rub 514,075,000 to increase shareholder capital.  The company decided not to pay out dividends for 2008.

Based on the voting results, the following members of the Company’s Board of Directors were elected:

Mikhail Robertovich Buturin, managing director of VTB-Invest;

Sergey Alexeyevich Drozdov, senior vice-president, director of the proprietary complex of AFK Sistema;

Mikhail Alexandrovich Leschenko, advisor to the Minister of Telecommunications and Mass Communications of the Russian Federation;

Konstantin Valerevich Malofeev, managing partner of Marshall Capital Partners direct investment funds;

Marlen Jeraldovich Manasov, member of the Board of Directors of UBS Bank;

Sergey Vladimirovich Pridantsev, President of Comstar-OTS;

Leonid Dododjonovich Reiman, Advisor of the President of the Russian Federation;

Ivan Ivanovich Rodionov, Professor of the state university Higher School of Economics;

Nikita Dmitrievich Ryauzov, Managing Director of MDM-Bank.

The Company’s Audit Committee was elected with the following members:

Denis Nikolaevich Afanasiev;

Galina Vladimirovna Zakharyasheva;

Alexander Vyacheslavovich;

Kirill Alexeyevich Stepanenko;

Viktoria Gennadevna Chernousova.

KPMG was approved as the Company’s 2009 Auditor.