Ural Fund to hold second EGM on December 7, 2006

The Board of Directors of Uralboremash JSC decided to hold an extraordinary shareholder meeting on August 10, 2006. The list of attendees coincides with the register of the company’s inscribed stock owners as of June 16, 2006. The points on the agenda include the early resignation of the Board of Directors, electing the new Board, and voting on the revised version of the Charter. The shareholders will also have to consider a bail in order to make sure SPZ Finance Ltd. meets its bond liabilities.

Ural Fund JSC will hold the general shareholder meeting on May 24, 2006. The points on the agenda include confirmation of the annual accounting report, profit distribution, and amendments to the company’s Charter. Besides, the shareholders will have to elect the Board of Directors, the inspection committee cast, and the company’s Auditor for 2006.

Ural League Commercial Bank CJSC is going to hold the extraordinary shareholder meeting on August 11, 2006. The corresponding decision was made at the meeting of the Board on July 19, 2006. The points on the agenda include amendments to the company’s Charter and to the Provision of the Board.

The Board of Directors of AKSI JSC scheduled the annual shareholder meeting for June 9, 2006. The points on the agenda include approval of the annual reports, profit distribution (including the declaration of dividends), electing the Board Members, the inspection committee, and the company’s Auditor.

As the Corporation’s acting PR Director Roman Fedulin said to UrBC representative, the decision of the Board to hold an extraordinary general meeting was made after the application of a shareholder who possesses around 10% of the company’s shares. The extraordinary general meeting of VSMPO AVISMA Corporation has been scheduled for November 7, 2006. Among the points on the agenda are: early termination of the Board Members’ powers and electing the new Board of Directors. The federal law on joint-stock companies, supported by the corporate Charter, states that shareholders possessing the total