OREANDA-NEWS. April 29, 2010. CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, announces that all resolutions proposed at CTC Media’s 2010 Annual Stockholders Meeting, held yesterday, have been passed, reported the press-centre of CTC Media.

The current composition of the CTC Media Board of Directors is as follows:

Hans-Holger Albrecht (Co-Chairman of the Board, current term expires 2012)

Peter Aven (Co-Chairman of the Board, current term expires 2012)

Tamjid Basunia (current term expires 2011)

Charles J. Burdick (current term expires 2012)

Irina Gofman (current term expires 2011)

Mathias Hermansson (current term expires 2013)

Lev Khasis (current term expires 2013)

Werner Klatten (current term expires 2013)

Oleg Sysuev (current term expires 2011)

Proposal Two – Ratification of Appointment of Independent Registered Public Accounting Firm
Regarding the proposal to ratify the selection by the Audit Committee of Ernst & Young LLC as CTC Media’s independent registered public accounting firm for the year ending December 31, 2010, 141,586,150 shares voted for, 107,948 shares voted against, and 253 shares abstained from voting.

Dividends
As previously announced in a press release issued on February 26, 2010, CTC Media’s Board of Directors announced its intention to pay an aggregate of USD40 million in cash dividends in 2010.

The first installment of USD 0.065 per outstanding share of common stock, or USD 10 million in total, was paid on March 31, 2010. The Board also announced its intention to pay the three remaining USD 10 million installments in June, September and December of 2010.

The Board of Directors has accordingly declared a further dividend of USD 0.065 per outstanding share of common stock, or approximately USD 10 million in total.  The record date for this second installment is June 1, 2010 and the payment date is June 30, 2010. 

Although it is the Board’s current intention to declare and pay the two future installments in 2010, there can be no assurance that such installments will in fact be declared and paid. Any such declaration is at the discretion of the Board and will depend upon factors such as CTC Media’s earnings, financial position and cash requirements.