Magnitogorsky Kalibrovochny Zavod JSC (calibration plant of Magnitogorsk, member of Metallurgical Integrated Complex of Magnitogorsk) held the annual stockholders meeting.

The shareholders approved of the annual report and accounting statements, including P&L account and the distribution of profits for 2005. The shareholders decided to pass the share dividends.

The shareholders elected the company’s Board of Directors consisting of Boris Dubrovsky, Yevgeny Oder, Vladimir Skripka, Vladimir Shmakov, Alexei Nosov, Alexander Titov, Vladimir Lebedev. Boris Dubrovsky, former Chairman of the Board, was re-elected to the post. The auditing firm Univers-Audit CJSC was appointed as the company’s auditor. The meeting also elected the members of the inspection committee and approved of the potentially beneficial transactions.