Monsource Limited Controls 95.38% of UralElectroSetStroy’s Stock

Russian Prime Minister Mikhail Fradkov signed the 2008-2010 Federal Property Privatization Plan on April 29, 2007. The plan covers a number of enterprises based in Sverdlovsk Region, namely, Beloyarskoye fuel complex (8,623 shares, or 100% of its authorized capital, are to be sold by auction); Kamensk-Uralskiy fuel complex (67,700 shares, or 100% of its authorized capital, are to be sold by auction), Kamyshlov timber and fuel enterprise (172,200 shares, or 100% of its authorized capital, are to be sold by auction), IT and electronics company based in Nizhniy Tagil (22,460 shares, or 100% of

Pipe Metallurgical Company determined the price range for the upcoming initial public offering of its ordinary shares and Global Depositary Receipts today. The enterprise is planning to offer the GDRs at London Stock Exchange and to offer the ordinary shares at Russian Trading System, another bourse. These shares will be offered by the company’s shareholder TMK Steel Limited. The prices range from $4.60 to $5.40 per ordinary share and from $18.40 to $21.60 per GDR, each GDR representing four shares. This price range is in compliance with the enterprise’s market capitalization of $4-$4.7bn The

Russian market of shares appears to be rather flattened at the moment. Most of the blue chips grew 1.3% to 3.9% cheaper at 12.30 PM Moscow time; RTS average went down by 1.3% and comprised 1,465.7 points, MICEX average decreased by 2.5% and reached 1,280.4 points. The shares of RAO UES of Russia (RTS: EESR) went 1.6% cheaper at MICEX, the shares of LUKOIL (RTS: LKOH) went 2.3% cheaper, the shares of Rostelecom (RTS: RTKM) – 1.8%, the shares of SberBank of Russia (RTS: SBER) – 2.8%, the shares of Tatneft (RTS: TATN) – 1.3%, the shares of Norilsk Nickel (RTS: GMKN_ - 3.2%, the shares of

Three new Cyprus visa centers will soon be set up in Russian provinces, the Ambassador Extraordinary and Plenipotentiary of the Republic of Cyprus to Russia Petros Kestoras says. Until recently, Russian subjects could only obtain visas to enter Cyprus in the consulates in Moscow and Saint Petersburg. Now they will also be able to apply to visa centers in Yekaterinburg, Samara, and Krasnodar. ‘We have already obtained the permission of the Russian authorities to open these representations,’ the Association of Russian Tour Operators’ website quotes the ambassador as saying. Russia is actually

Integrated Metallurgical Complex of Magnitogorsk declared its intention of completing the dual listing procedure at RTS and MICEX stock exchanges. By July 4, 2006, the company shares will enter ‘B’ listings of both stock exchanges. Earlier, their shares were traded at the stock exchanges without entering any stock list since December 26, 2005. ‘The shares are traded at the level of $.7 per share. The placement of the additional 2% shares issue is not likely to affect the quotation, and, given the small amount and low liquidity of the shares, there don’t appear to be any market opportunities