Atlant Fund JSC has recently held the annual general meeting. The meeting resulted in approving of the company’s annual report for 2005, the annual accounting report, including the profit and loss statement. The stockholders decided to pass a dividend for 2005. The stockholders also elected the inspection commission and the Board: A. Druzhkov, D. Dunaev, M. Khakimov, D. Kulikov, A. Kulikov, A. Kulikov, D. Potanin, A. Radaev, P. Zemskov. D. Kulikov was elected Chairman, Evgeniy Kulikov was elected CEO. Audit SP Ltd. was decided on as the company’s Auditor.

Vysokogorsky Ore Mining and Processing Enterprise (member of Evraz Group) summed up the results of its corporate rationalization activity in 2005 and the first half of 2006. The summing up was timed to Rationalizer and Inventor’s Day. Within the mentioned period, the company employees made 70 improvement proposals, 34 of them were applied in the company’s production process. The most frequent authors of the innovations were the people employed at the producing departments. The most successful ones were Magnetitovaya mine, the corporate rail carrier, Goroblagodatsky pit, and the open pit.

Goginskaya Grain Store JSC has recently held the annual general meeting. The meeting resulted in approving of the company’s annual report for 2005, the annual accounting report, including the profit and loss statement. The stockholders agreed on the profit distribution. They decided to pass the ordinary share dividend for 2005. The stockholders also elected the inspection commission and the Board, namely, V. Belousov, V. Yurevich, D. Meshkov, N. Yurevich and G. Yefimova. Audit Classic CJSC was elected the company’s auditor.

According to the Central Bank of Russia, the volume of investments drawn to non-resident natural persons deposits at call in Ural Treasures Bank CJSC decreased by 41% (from 121,000 to 71,000 RUR). The volume of investments drawn to non-resident natural person accounts for a term of 91 to 181 days has gone down by 54% (from 271,000 RUR to 125,000 RUR) throughout January 1, 2006 to May 1, 2006. The volume of investments drawn to non-resident natural person accounts for a term of 1 to 3 years has gone down by 25% (from 440,000 RUR to 332,000 RUR).

Integrated Metallurgical Complex of Magnitogorsk declared its intention of completing the dual listing procedure at RTS and MICEX stock exchanges. By July 4, 2006, the company shares will enter ‘B’ listings of both stock exchanges. Earlier, their shares were traded at the stock exchanges without entering any stock list since December 26, 2005. ‘The shares are traded at the level of $.7 per share. The placement of the additional 2% shares issue is not likely to affect the quotation, and, given the small amount and low liquidity of the shares, there don’t appear to be any market opportunities

Metallurgical Industrial Complex of Nizhniy Tagil JSC (part of Evraz Group) started giving overhaul to the powder-gas cleaning equipment of its No. 10 open-hearth furnace. The repairs are expected to take 90 days, since, technology wise, it is only possible in the summertime. As the environmentally protective system is no being repaired, the company took special steps to decrease the hazardous effects of their activity: the open-hearth plant now has to produce less than usual, and the furnaces are stopped from time to time, each in its turn. The atmospheric condition is monitored daily by

According to the Central Bank of Russia, the volume of investments drawn to natural person accounts in UralTransBank JSC for a term of 31 to 90 days has gone down by 13% (from 44.248 million RUR to 38.483 million RUR) throughout January 1, 2006 to May 1, 2006. The volume of investments drawn to natural person accounts for a term of 181 days to 1 year has gone down by 8% (from 1,824,007,000 RUR to 1,676,487,000 RUR).

South Ural TransTelecom CJSC held the annual general meeting on June 20, 2006. The meeting resulted in approving of the company’s annual accounting report, including the profit and loss statement. The stockholders agreed on the profit distribution, with net profit coming to 34.09 million RUR, and decided to use this money to pay the dividends for 2005 as well as to invest in the company’s development. In addition, the shareholders got acquainted with the annual report for 2005 presented by the General Director Segey Kudryavtsev. RSM Top Audit Ltd. was elected the company’s auditor. The

Russian Chrome 1915 CJSC of Pervouralsk, Sverdlovsk Region, held the extraordinary shareholder meeting on June 26, 2006, reports the company’s spokesperson. The shareholders elected the new Board (Francesco Di Castri, Alfredo Parodi, Paolo Minghetti, Nikolai Oborski, Leonid Rogotovskiy, and Viktor Rytvin). They also decided to extend the contract with GD Milosc Manoilovitch for another year. The annual general meeting was scheduled for July 2006; the points on the agenda include assessment of the company’s success in 2005 as well as the issue of delegating the sole executive powers to Russian

Magnitogorskmezhraigaz JSC, the regional gas supplier, has recently held the annual general meeting attended by the shareholders and their representatives possessing 96.79% of the company’s voting common stock. The absolute majority of the attendees approved of the company’s annual report, the accounting report, including the P&L statement. They also decided to pass a dividend for 2005. The shareholders elected the new Board, namely, Vadim Belousov, Anton Nastavnyuk, Dmitriy Seleznev, Alexander Vyshegorodtsev, Natalia Yurevitch, Valeriy Yurevitch, and Dmitriy Zhukov. VSP Audit was elected

‘Within the first five months of 2006, the spirituous liquors output of our company decreased by 30% down to .12m decalitres,’ said Alexander Batuev, Research and Development Director of South Ural Vodka Distillery JSC of Ozyorsk, Chelyabinsk Region. ‘The overall setback in spirituous liquors production within Russia comes to 47%,’ Mr Batuev indicated. ‘The legislative novations had a negative effect on all the players on the spirituous liquors market, including the manufacturers, the wholesale traders, and the retailers. On July 1, the number of market participants will go down rapidly. From

Beloyarskaya nuclear power station hosted the meeting of RosEnergoAtom and Électricité de France Coordinating Board on June 21 to June 23, 2006. The Russian party was comprised by the management of RosEnergoAtom, Beloyarskaya nuclear power station, Volgodonskaya nuclear power station, AtomTrudResource and AtomTechEnergo, the French party was represented by the executives of various departments of Électricité de France. The attendees updated each other on the state of events in the nuclear industries of the two countries and discussed their cooperation opportunities. The French experts had a

Chelyabinsk Steel Sheet Plant JSC has recently held the annual general meeting that resulted in approving of the company’s annual report for 2005, the annual accounting report, including the profit and loss statement. The shareholders agreed on the profit distribution and decided to pass the ordinary share dividend for 2005. They also elected the Board, namely, I. Boyarchuk, V. Savrasov, I. Svezhentsev, V. Sirotkin, and K. Scherbakov. Audit Classic Ltd. was elected the company’s auditor.

According to the Central Bank of Russia, the volume of investments drawn to accounts of NGOs and non-profit organizations in UralTransBank JSC for a term of 1 to 3 years has gone down by 74 % (from 66.370 million RUR to 17.136 million) throughout January 1, 2006 to May 1, 2006.

Chelyabinsk Coal Company JSC fails to meet its liabilities concerning settling the accounts with their electricity suppliers. The company’s indebtedness comes to 65.4m RUR, which equals to its payments within two settlement periods. This was reported to UrBC representative by the PR-department of Chelyabenergosbyt JSC (the electricity supplier). The supplier has taken some steps against the defaulter. The nature of measures excludes creating emergencies in the town of Kopeysk, where the defaulter is located, but can make the defaulter feel rather uncomfortable. To date, Chelyabinsk Coal

Following the previously declared strategy of a gradual buy-out, Mechel JSC Chairman Igor Zyuzin raised his share holding up to 65.8% through a number of private transactions. The amount of publicly offered shares now comes to over 23%.

Zinc Plant of Chelyabinsk JSC received the labour safety certificate from Russia’s Ministry of Public Health and Social Development in June 2006. As the company’s spokesperson said to UrBC representative, this award was preceded by a lot of efforts by the company’s technicians who had to evaluate and classify all the workplaces on the basis of the possible dangerous and harmful factors present there. The Metallurgical Labour Safety Research Institute examined all the documents produced by the plant as to their compliance with the labour safety requirements. For instance, they assessed the

The Board meetings that took place at Tube Rolling Plant of Chelyabinks JSC and Tube Works of Pervouralsk JSC on June 23, 2006, resulted in the decision to buy their registered ordinary shares at 30 RUR and 600 RUR, respectively. The terms of the acquisition provide for buying no more than 46,293,522 shares issued by Tube Rolling Plant of Chelyabinks JSC and no more than 1,703,806 shares issued by Tube Works of Pervouralsk JSC. The shares are expected to have been acquired within the period of July 28, 2006 to October 26, 2006.

According to the Central Bank of Russia, the volume of investments drawn to accounts of NGOs and non-profit organizations in UralTransBank JSC for a term of 181 days to 1 year has gone down by 70 % (from 2.5 million RUR to 740,000 RUR) throughout January 1, 2006 to May 1, 2006.

Vysokogorsky Ore Mining and Processing Enterprise (VGOK JSC, member of Evraz Group) has acquired a new frontlift for its crane and tractor fleet. The new vehicle is high-powered and very mobile. It steers easily and requires no engineering changes. The frontlift carrying capacity is 72 tons. It will be employed at Vysokogorsky processing plant during the dunite transshipping and road metal shipping operations as well as in the processing chain of Lebyazhinsky sintering plant. The existing loader fleet of VGOK consists of 41 vehicles, but none of them is as powerful as the new frontlift.