UTair Airlines JSC holds AGM on June 15

UTair Airlines JSC held the annual general meeting on June 15, 2006. The shareholders approved of the annual report, the accounting report, and the P&L statement for 2005. They also dealt with the profit distribution and declared the dividend of .067 RUR per ordinary share.

Besides, the attendees decided that UTair should become Fellow of International Air Transport Association.

Rosexpertisa Ltd. and Ernst &Young were chosen as the company’s auditors for 2006, in the field of compliance of the company’s financial activity with Russian legislation and in the field of International Accounting Standards, respectively. The shareholders also elected the members of the inspection committee and of the supervisory board.

The company’s net profit came to 128 million RUR in 2005.


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