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 the company’s auditor.

Finally, the stockholders decided not to delegate the sole executive powers to a managing company but rather have current GD Dmitriy Zhukov run the company, the company’s spokesperson said to UrBC representative.