The annual general meeting of shareholders of Nizhneserginskiy metal and metallurgical goods plant was adjourned with the decision to pass the dividends for 2005 proffered by the Board of Directors. They also agreed on the annual report and the accounting documents, including the P& L report and profit distribution. Elections of Members of the Board (Pavel Kurdupov, Alexander Loginivskikh, Vladimir Butenko, Sergey Zakharov, and Sergey Mironov were elected) and of the inspection committee as well as the auditor (Standard Audit Ltd.) also took place. Besides, the stockholders approved of the amendments to the company’s Charter.

21.42% share holding of Yekatrinburgklebkomplekt JSC fails to be sold due to lack of applications

Ural Interregional Subsidiary of Russian Federal Property Fund announced the results of the auction aimed at selling the 21.42% share holding of a local bread-making company. The applications could be posted starting December 28, 2005; the deadline for submitting them was March 14, 2006. There were 65,145 equities with a par value of .025 RUR each.

The opening bid was 1,2m RUR, with the maximum decrease of 120,000 RUR with each bid. After the application deadline, the auction was cancelled due to the absence of applications.