South Ural TransTelecom CJSC held the annual general meeting on June 20, 2006. The meeting resulted in approving of the company’s annual accounting report, including the profit and loss statement. The stockholders agreed on the profit distribution, with net profit coming to 34.09 million RUR, and decided to use this money to pay the dividends for 2005 as well as to invest in the company’s development.

In addition, the shareholders got acquainted with the annual report for 2005 presented by the General Director Segey Kudryavtsev.

RSM Top Audit Ltd. was elected the company’s auditor. The shareholders also elected the inspection committee and the Board Members, compiled of the executives of TransTelecom Company CJSC and Russian Railways Public Company, the company’s spokesperson said to UrBC representative.