Stockholder meeting of Yekaterinburgskaya Electrosetevaya Kompaniya JSC (Electric Supply Network Company of Yekaterinburg) is to be held on June 13, 2006. The agenda includes six points: stockholders are to elect members of the company’s Board of Directors, the inspection commission and to approve of the company’s auditor. They also are to consider the questions of approving of the company’s annual report and annual accounting statements for the fiscal year 2005 as well as the questions of declaring dividends and of profit distribution. The company’s Board of Directors has recommended that

Within the first quarter of 2006, the net profit of Chelyabinsky Zincovy Zavod JSC (Zinc Works of Chelyabinsk) increased by 65.7% against the same figure for the previous quarter. According to the company’s press release, the increase is due to the escalation of zinc prices on the world market. The company’s net profit in the first quarter of 2006 has amounted to 344,550,000 RUR.

The stockholder meeting of Chelyabinsk-Lada JSC is to be held on May 25, 2006. The agenda contains approving of the financial results of 2005, profit distribution including the dividends declaration, determining the number of members of the company’s Board of Directors and approving of the company’s auditor. The stockholders will also address the question of the possible capital increase through placement of an additional stock issue, and the question of approving of a transaction the company is interested in completing.

Annual meeting of Chelyabinskiy Kuznechno-Pressoviy Zavod JSC (Forge-and-press Works) shareholders is going to take place on May 25, 2006. The shareholders will be acquainted with the results of the company’s financial activity in 2005; they will also have to decide on the profit distribution, elect the Board members, the inspection committee, and the company’s Auditor. Another issue concerns the amendments to the company’s Charter.

Annual meeting of Varnenskiy bread production complex shareholders is going to take place on May 18, 2006. The points on the agenda include assessment of the company’s financial success in 2005, electing the Board members, the inspection committee, and the company’s Auditor.

Cement works of Chelyabinsk Region will invest over 1.4bn RUR in production development and environmental projects in 2006-2010, the spokesperson for Chelyabinsk Region Ministry of Construction, Infrastructure, and Roads said to UrBC representative. UralCement CJSC is expected to invest ?5.5m in a number of environmental projects and equipment upgrading. KatavCement JSC (part of EuroCement JSC) will direct 536.6m RUR to the development of marl extracting mine, introducing automated equipment, improvements in energy supply and other projects. Magnitogorskiy Cementno-Ogneuporniy Zavod JSC