Ashinsky Metallurgichesky Zavod JSC (Metallurgical Works of Asha) announced its acquisition of 51% interest in Karamet Ltd (Kazan, Tatarstan). The date of change of interest of Ashinsky Metallurgichesky Zavod JSC in the authorized capital of Karamet is March 28, 2006.

A stockholder meeting of Uralburmash JSC (Ural Drilling Engineering Works) was held on May 3, 2006. The stockholders made a decision to approve of the annual report for 2005 of the association and its annual accounting statements including P&L accounts. They decided not to declare annual share dividends, not to reward members of the company’s Board of Directors and the inspection commission for fulfilling their duties and not to refund charges resulted thereof. The stockholders also approved of the revision of the articles of Uralburmash JSC, elected the Board of Directors consisting of

Yuzhural-Transtelecom CJSC summed up its success in the first quarter of 2006. The company’s operating income came to 69.7m RUR, which exceeds the planned income by 19% and the corresponding figures for the previous year by 44.6%. The share of communication service revenue in the overall operating income amounted to 69% or 48m RUR, which exceeds the corresponding figures for the first quarter of 2005 by 57.3% and planned revenue by 22.6%. The total commercial traffic doubled against the first quarter of 2005 and exceeded 26 TBytes in March 2006. Within the mentioned period,

Vanadium ore mining and processing enterprise of Kachkanar JSC announces the incidental increase in profit of over 10%. This is due to better sales and higher prices as well as due to the lowering of prime cost. In the first quarter of 2006, the company has raised its net profit by 52.4% compared to the fourth quarter of 2005: it came to 1,050,580,000 RUR.

Uralvtorprizep JSC is going to hold general meeting on June 23, 2006. The points on the agenda include confirmation of the company’s financial success in 2005, P & L distribution, and declaring the dividends. The shareholders will also have to elect the Board of Directors, the inspection committee, and the company’s Auditor.

Chelyabinsk Region Territorial Agency of Subsoil Resources announced the results of the auction held to grant a license for geological research, exploration, and extraction of nephrites at Akademicheskiy patch near Miass, Chelyabinsk Region. There were two bidders altogether, Ural Geological Innovation Center Ltd. and Granite Invest Ltd. The former outbid the latter by bidding 161,000 RUR against the opening bid of 140,000 RUR as the price of a nonrecurring payment.

The Board of Directors of Uralliga JSC scheduled the annual meeting for May 26, 2006. The shareholders will have to be acquainted with and approve of the annual report, the accounting report for 2005, including the P & L statement, and profit distribution, including declaring the dividends. They will also have to elect the Board members, the company’s management, the inspector and the Auditor for 2006. The Board of Directors is going to suggest that the shareholders decide to pass a dividend imposed on registered shares with a par value of 50 RUR each. The preference share (face value of

Ural Circuit Division of Investigative Department of Federal Drug Turnover Control Service completed the investigation of the criminal case involving Production Development Director of Irbit plant of chemicals and pharmaceuticals, Sverdlovsk Region. The person in question was charged with large-scale production and sale of drugs, reported the spokesperson for Deputy Public Prosecutor of Russian Federation in Ural Federal District. It has already been proved that the accused used his managerial position to set up production of synthetic drugs (amphetamine and amphetamine-based drugs) in the