United Company RUSAL reports Vitaliy Samsonov has been appointed the company’s Control Director. He is going to be responsible for the development of an effective inner control system and risk management. The company’s former Control Director Alina Gutkina has been appointed RUSAL’s Internal Audit Director and is going to report to the Board of Directors in terms of independent assessment of the company’s internal control system. These new appointments are in full compliance with the international standards and have been brought about by the need to separate RUSAL’s internal control

Central Bank of Russia reports volume of loans given by UniCreditBank to state-run for-profit organizations for 181 days to 1 year went down by 47.37% (from 189.996 million RUR to 100 million RUR) in January-May 2008.

East Capital Bering Russian Fund (one of the Swedish East Capital’s funds) has recently acquired a 17.644% shareholding of Izhevsk-based Ural Trust Bank. This information was published in compliance with the demand that any issuer and/or a joint stock company mush promptly reveal any data that might influence its stock price. On June 2, 2008, East Capital Explorer Financial Institution Fund AB raised its share in Bank Severnaya Kazna’s authorized capital from zero to 10.00486%. The bank’s BOD Chairman Vladimir Frolov says the sum of the transaction came to 1 billion RUR.

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in Pervouralsk Joint Stock Commercial Bank valid for 1 to 3 years went down by 76% (from 10 million RUR to 2.4 million RUR) in January-May 2008.

Uralelectromed’s stockholders decided to pass a dividend for 2007 in the course of an AGM held in Verkhnyaya Pyshma. The decision was caused by the need to stay competitive on the market and thus invest in production upgrading and environmental protection.

According to the Central Bank of Russia, volume of loans given by VUZ Bank to private individuals for 31 to 90 days went down by 99.32% (from 5 million RUR to 34,000 RUR) in January-May 2008.

First Deputy Head of Sverdlovsk Region Government and Sverdlovsk Region’s Minister for Industry and Science Anatoly Gredin visited the premises of Uralmashzavod in order to have a look at the plant, meet the enterprise’s General Director Nazim Efendiev, and look into the plant’s developmental potential, the spokesperson for Uralmashzavod reports. The minister visited the welding and the mechanical assembly production departments and looked at the assembling site of a foundry crane manufactured for Severstal. He was also shown the plant’s major achievements: the improved engineering base and a

According to the Central Bank of Russia, volume of loans given by UralFinPromBank to sole traders for 31 to 90 days went down by 93.51% (from 18.18 million RUR to 1.18 million RUR) in January-May 2008.

Central Bank of Russia reports volume of loans given by UralTransBank to state-run for-profit organizations for 181 days to 1 year went down by 84.03% (from 1.466 million RUR to 234,000 RUR) in January-May 2008.

UC RUSAL APPOINTS DIRECTOR FOR CONTROL Moscow, 7 June 2008 – UC RUSAL, the world’s largest aluminium and alumina producer, is pleased to announce appointment of Vitaliy Samsonov as Director for Control.љ Vitaliy will be responsible for maintaining and enhancing the effectiveness of the group’s internal control system and risk management.љ Alina Gutkina, who previously occupied this role, has been appointed Director of Internal Audit. She will be responsible for the independent evaluation of the internal control system and report directly to the Board of Directors of UC RUSAL. The change in

UrBC, Chelyabinsk, 07.06.2008. ‘Due to the lack of their own raw materials resource base, the shares of Magnitogorsk Iron & Steel Works (MMK) still get a little discount, even though the enterprise did a good job in terms of providing for its own raw stuffs,’ Sobinbank’s analyst Nikolai Sosnovskiy reported in the course of an online conference hosted by Finam’s website. ‘We hope the investors can appreciate MMK’s acquisitions as well as its development strategy, which, it its turn, will probably lead to re-assessment of the company. Some M&A can also be expected,’ he noted. MMK is

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in SberInvestBank valid for 31 to 90 days dropped by 100% (from 5 million RUR to zero) in January-May 2008.

According to the Central Bank of Russia, volume of loans given by Sverdlovsk Gubernskiy Bank to nongovernmental financial organizations for 181 days to 1 year went down by 39.37% (from 133.172 million RUR to 80.741 million RUR) in January-May 2008.

Grossmart, a hypermarket located in Park House mall at 50 Sulimov St. in Yekaterinburg, has been exposing a much poorer range of some products lately; moreover, some of the shelves were even dismantled altogether. Grossmart, with its 4,200 square meters of trade area, was opened on August 21, 2005. It then offered customers a wide assortment of foods, including more than two hundred kinds of vegetables and fruit, fifty or so kinds of meat and meat products, fish, and seafood, as well as 2,200 kinds of strong drinks. The hypermarket has not provided any explanations yet; Grossmart’s director

As the region’s businesses have already used their foreign worker quotas for the year 2008, Sverdlovsk Region’s division of the Federal Migration Service has stopped accepting applications for job permits from foreign citizens for the time being. The job permits in question involve people who come from the countries where no visa is required for coming to Russia. According to Decree 73n issued by the Russian Federation Ministry of Healthcare and Social Development on February 18, 2008, Sverdlovsk Region’s job permits quota for foreign workers amounted to 47,500 people. The figure resulted

Central Bank of Russia reports volume of loans given by UralTransBank to state-run for-profit organizations for 181 days to 1 year went down by 84.03% (from 1.466 million RUR to 234,000 RUR) in January-May 2008.

‘There are already over a thousand people in Sverdlovsk Region who were prevented from going abroad by the judiciary authorities. The limitations apply only to the foreign countries, a person is free to travel anywhere within Russia,’ head of Sverdlovsk Region’s Officers of Justice Administration Vladimir Schepotin announced in the course of a recent press conference. These authorities are empowered to prevent a person from going abroad only if there is a corresponding court decision to this extent (the decision normally resulting from a person’s debts). The limitations apply to both business

RBC.Rating’s analysts came up with the report on the performance of Russia’s largest banks in the first quarter of 2008. It appears that the country’s banking system’s development has slowed down a bit, as the total volume of banks’ assets only rose by 37.5% between April 2007 and April 2008 against the 49.7% increase between April 2006 and April 2007. Most Ural banks’ growth was comparable with the country’s average figures in January-March 2008. SKB-Bank was the fastest-growing bank among those based in the Urals on the country’s Top 100 list; the bank’s assets went up by over 65%

According to Airbus’s official data, Ural Airlines has recently set an unprecedented operation record involving the use of A-320 aircraft. The company’s daily average use of Airbus planes came to 13.02 hours in March 2008 (while all the scheduled maintenance operations were strictly adhered to). ‘We looked into our data and have to say that this is the most impressive figure among all the existing carriers of the world,’ says Airbus’s local representative. This means that Ural Airlines’ Marketing and Timetable experts managed to plan the flight timetable and make amends for the average

The data regarding the final stage of repurchasing Koltsovo airport’s shares was made available via the airport’s official website on June 4, 2008 and removed from the newswire the next day. The airport initially announced that they were willing to buy the shares from the stockholders according to their actual value. At the moment, the airport’s stock is owned by Koltsovo-Invest (RENOVA Group), with its 45.26% shareholding, Rosimuschestvo, with its 34.56% shareholding, and Cyprus-based Fulgate Consultants Limited with its 6.6% shareholding. The official purchaser of shares is Rusaviaholding,