OREANDA-NEWS. On 19 June 2009 Central Telegraph (hereafter, the Company) announced the results of its annual general shareholders meeting.

During the AGM shareholders had the opportunity to approve the Company’s annual financial statement and accounting reports.

A decision was adopted at the meeting to allocate the Company’s 2008 profit as follows:

to pay out RUR 29,414,550 as dividends, including:

- RUR 0.265527 per share on class A preferred shares; and RUR 0.088509 on common shares on common shares;

to raise the Company’s equity capital by allocating RUR 117,658,067.

Based on the voting results, the following persons were elected as members of the board of directors:

Vladimir Borisovich Bulgak – chief scientific researcher at the Moscow Technical University of Telecommunications and Computer Science;

Alla Borisovna Grigoreva – deputy head of the Department of Corporate Governance and Legal Support of Svyazinvest;

Mikhail Alexeevich Leshenko – advisor to the RF telecommunications minister;

Sergey Alexandrovich Lukashov – advisor to the RF telecommunications minister;

Alexander Yurevich Provotorov – first deputy general director of Svyazinvest;

Viktoria Gennadyevna Chernousova – expert-specialist, division for the organization of transportation and telecommunications assets, department of assets organization in the commercial sector of the Federal Property Asset Management Agency;

Evgeny Valeryevich Yurchenko – general director of Svyazinvest.

The members of the Company’s Audit Committee are as follows:

Elena Petrovna Degtyareva – chief expert, Department of Data Transmission, Svyazinvest;

Kirill Dmitrievich Nikonov – chief expert, Department of Corporate Governance and Legal Support, Svyazinvest;

Kirill Viktorovich Frolov – head of the internal audit department, Svyazinvest.

The shareholders meeting approved the new versions of the Company’s Charter and the Statute on the Board of Directors, and also the guidelines for determining the amount of annual compensation payable to members of the Company’s Board of Directors which were elected at the above annual general shareholders meeting.

In addition, on June 5, after the end of the annual general shareholders meeting, the first meeting of the Company’s new Board of Directors was held.  Evgeny Valeryevich Yurchenko was elected as the Chairman of the Board of Directors.