Board of Directors of Asha Metallurgical Works JSC suggested that the shareholders pass a dividend for 2005 when they gather at the annual general meeting on June 30, 2006. The other points on the agenda of the meeting include discussion of the company’s financial activity in 2005, electing the Board of Directors, the inspection committee, and the company’s Auditor.

According to the order of head of Federal Atomic Power Agency Sergey Kirienko issued on May 26, 2006 that followed the decree of Chelyabinsk Regional Court issued on May 11, 2006, Vitaliy Sadovnikov resumed his activities in the capacity of General Director of Mayak Production Association on the terms determined by the existing contract, the company’s spokesperson said to UrBC representative. Mr Sadovnikov was dismissed in March 2006 after having been charged with violation of operation and maintenance rules concerning the site and the environmentally hazardous waste (Articles 246 and 247 of

Head of Federal Atomic Power Agency Sergey Kirienko has arrived at Beloyarskaya nuclear power plant and is currently examining the construction site of power generating unit BN-800 in order to discuss the construction procedures with the station management. In 2006, 1 billion RUR is to be allotted to this project from the federal budget and another 200 million – by RosAtom, Federal Atomic Power Agency, of which 685m will be spent on building and assembly jobs, 330m on equipment, 185m on design effort and development works. This year, the company employees are expected to put up the base

Representatives of Chelyabinsk Zinc Plant (GD Vsevolod Geihmann, Technical Director Leonid Kazanabev, and Financi al Director Boris Birman) became members of the Supervisory Board of Nova Zinc, a limited liability partnership dealing in mining and processing of lead-zinc ore at Akzhal deposit in Kazakhstan. The corresponding decision was made by the Board of Directors of Nova Trading & Commerce AG (Zug, Switzerland), the sole proprietor of Nova Zinc. During the first meeting of the Supervisory Board, Mr Geihmann was elected Chairman.

Teyskiy subsidiary of Evrazruda, the ore maker, has recently introduced Expograph, the system of automated control of vehicles and fuel consumption. According to the company’s spokesperson, the new system allows them to fully automate the monitoring of the routes, the amount of fuel in the tanks, the haul and speed of the vehicle, the number of stops, of fill-ups and discharges per trip. All the information is registered by the controller installed in the driver’s cab and is analyzed and printed out at the end of a working day. The controller is protected from any unauthorized access, so it

Chelyabinsk forge-and-press works made 74.41% (33 million RUR) less net profit in the first quarter of 2006 against the fourth quarter of 2005. According to the company’s press release, this is due to a seasonal decrease in demand for their goods and to an increase in the energy carrier prices.

Bank24.ru held the annual shareholder meeting on May 26, 2006 in order to assess the bank’s success in 2005. The meting resulted in approving of the company’s annual report, the P & L distribution, and electing the Board of Directors (S. G. Lapshin, B. P. Diakononv, Yu. V. Petrovskiy, A. P. Kalinichenko, and Paul Goncharov, independent director and member of the Supervisory Board as well as the Chairman of Membership and Ethics Committee of Russian Federation Association of Independent Directors, former Director of AIG-Russia Insurance Company and former President of Progress-Garant

Board of Directors of Ural Railroad Machine-Building Works JSC (part of Sinara Group) held a meeting that resulted in re-electing vice-president of Sinara Group Sergey Papin Chairman. The Board also agreed on the company’s strategy and business plan for 2006-2015.

Chelyabinsk Plant of Production Tools CJSC held the annual shareholder meeting; it resulted in approving of the annual report as well as of the annual accounting report, including the profit and loss statement. The shareholders also decided to pass a dividend for 2005 and write off some of their losses using the capital surplus and write off the unconfirmed asset for their criminal investigation losses (the case concerns the bills of exchange bought by the company).