OREANDA-NEWS. November 23, 2010. Extraordinary general meeting of OJSC VolgaTelecom’s shareholders was held in the form of absentee voting.

The following issues were included into the agenda of EGM:

     1. On the Company’s payment of dividend based on the results of nine months of 2010 fiscal year.

     2. On introducing amendments into Regulations for the Board of directors of Open Joint Stock Company VolgaTelecom (OJSC VolgaTelecom).

     3. On annual remuneration to the members of the Company’s Board of directors performing their functions after annual general meeting of shareholders held on June 21, 2010.

The resolution was passed on issue No 1. The shareholders approved the amount of dividend recommended by VolgaTelecom’s Board of directors:

     - 0.0000001219686990% of the Company’s net profit based on the results of nine months of 2010 fiscal year per one preferred A type share;

     - 0.0000000618507720% of the Company’s net profit based on the results of nine months of 2010 fiscal year per one ordinary share.

The shareholders did not pass the resolutions on issue No 2 and issue No 3.

The list of entities/individuals entitled to participate in EGM of the Company’s shareholders was drawn up as of September 20, 2010.