OREANDA-NEWS. May 13, 2011. Globaltrans Investment PLC (“the Company” or together with its consolidated subsidiaries “Globaltrans” or “the Group”), (LSE ticker: GLTR) announces that the Company held its Annual General Meeting of shareholders (“AGM”) on 13 May 2011 under the chairmanship of Mr. Konstantin Shirokov, Executive Director.

The AGM was held at 6 Karaiskakis Street, City House, 3rd Floor, P.C. 3032, Limassol, Cyprus on 13 May 2011 at 10:00 a.m., and had a quorum with 158,135,533 shares, corresponding to 100% of the issued shares represented by corporate representatives.

The AGM adopted the following noteworthy resolutions:

1. Adoption of the Group and the Company audited financial statements together with the reports of the directors and the auditor for the financial year ended 31 December 2010. This resolution was passed by a majority of all the members present at the meeting with 158,117,046 votes in favour and 18,487 votes against.

2. Approval of the distribution by the Company of final dividends in respect of the financial year ended on 31 December 2010 in the amount of 37 US cents per ordinary share. This resolution was passed by a majority of all the members present at the meeting with 158,135,533 votes in favour and no votes against. As it was announced on 7 April 2011, the dividend record date was set on 13 May 2011 and payment date on 16 May 2011. Holders of the Global Depositary Receipts of the Company (“GDRs”) will receive the dividends approximately 3 business days after the payment date. The GDRs were marked ex-dividend on 11 May 2011.

3. Re-appointment of PricewaterhouseCoopers Limited as auditors of the Company to hold office until the conclusion of the next general meeting at which the accounts are laid before the Company and authorisation of the Board of Directors to determine the remuneration of the auditors. This resolution was passed by a majority of all the members present at the meeting with 157,868,927 votes in favour and 266,606 votes against.

4. Appointment of the members of the Board of Directors:

4.1. Alexander Eliseev was re-elected as a director of the Company for a period of one year to hold office until the conclusion of the next AGM of the Company. This resolution was passed by a majority of all the members present at the meeting with 155,669,730 votes in favour and 2,456,093 votes against. 9,710 shares abstained from voting.

4.2. Michael Zampelas was re-elected as a director of the Company for a period of one year to hold office until the conclusion of the next AGM of the Company with an annual gross remuneration of EUR60,000 (sixty thousand). This resolution was passed by a majority of all the members present at the meeting with 156,854,409 votes in favour and 1,281,124 votes against.

4.3. Johann Franz Durrer was re-elected as a director of the Company for a period of one year to hold office until the conclusion of the next AGM of the Company with an annual gross remuneration of EUR110,000 (one hundred ten thousand). This resolution was passed by a majority of all the members present at the meeting with 158,113,544 votes in favour and no votes against. 21,989 shares abstained from voting.

4.4. Sergey Maltsev was re-elected as a director of the Company for a period of one year to hold office until the conclusion of the next AGM of the Company. This resolution was passed by a majority of all the members present at the meeting with 156,970,526 votes in favour and 1,162,690 votes against. 2,317 shares abstained from voting.

4.5. Mikhail Loganov was re-elected as a director of the Company for a period of one year to hold office until the conclusion of the next AGM of the Company with an annual gross remuneration of EUR120,000 (one hundred twenty thousand). This resolution was passed by a majority of all the members present at the meeting with 156,972,843 votes in favour and 1,162,690 votes against.

4.6. Elia Nicolaou was re-elected as a director of the Company for a period of one year to hold office until the conclusion of the next AGM of the Company with an annual gross remuneration of EUR1,500 (one thousand five hundred). This resolution was passed by a majority of all the members present at the meeting with 155,679,440 votes in favour and 2,456,093 votes against.

4.7. Konstantin Shirokov was re-elected as a director of the Company for a period of one year to hold office until the conclusion of the next AGM of the Company. This resolution was passed by a majority of all the members present at the meeting with 156,991,330 votes in favour and 1,144,203 votes against.