The Board of Directors of Uralliga JSC scheduled the annual meeting for May 26, 2006. The shareholders will have to be acquainted with and approve of the annual report, the accounting report for 2005, including the P & L statement, and profit distribution, including declaring the dividends. They will also have to elect the Board members, the company’s management, the inspector and the Auditor for 2006.

The Board of Directors is going to suggest that the shareholders decide to pass a dividend imposed on registered shares with a par value of 50 RUR each. The preference share (face value of 50,000 RUR) dividends will be declared, however, with fixed dividend rate of 2% of face value and the non-fixed dividend rate of 80% of face value.