DIXI Group’s annual general meeting resulted in the stockholders’ decision not to pay the dividends for the financial year 2008 due to 199.46 million RUR worth of losses.

In addition to making this decision, the shareholders elected the new seven-member Board of Directors and approved of the annual report and the income statement.

DIXI Group runs thirteen stores in Sverdlovsk Region and has 492 chains throughout Russia altogether, including 471 Dixi discount stores, 13 Megamart hypermarkets, and 8 Minimart supermarkets in sixteen Russian territorial constituencies within three federal districts.