The Board of Directors of Pervouralsky Novotrubny Zavod JSC came up with the decision to hold the annual stockholders’ meeting on April, 21, 2006.

The list of people entitled to present in the meeting was compiled according to the roll of those eligible to take part as of March 6, 2006.

The agenda contains the confirmation of the company’s annual report, and the company’s annual accounts including the P&L account, as well as the distribution of annual profits and losses among members of the JSC.

The stockholders will also elect the members of the company’s Board of Directors and of the Auditing Commission and approve the independent auditor of Pervouralsky Novotrubny Zavod JSC.