OREANDA-NEWS. May 26, 2010. Pursuant to Clause 2, Article 72 of the Russian Federal law “On Joint Stock Companies,” Acron’s Board of Directors announced that the Company will purchase common registered uncertified shares of Acron with a nominal value of five (5) roubles each, whose total number shall not exceed 953,752 shares (2% of authorised capital).

The purchase price per share shall be set at RUB 910.39, which is the weighted average price for the shares in MICEX transactions over the past 12 months.

Chairman of Acron’s Board of Directors Alexander Popov comments on the resolution:

“As part of its corporate structure streamlining, Acron is announcing a voluntary buyback of shares, which is the first step to eliminate cross-shareholding between Acron and Dorogobuzh. Once Acron repurchases 2% of its shares, Dorogobuzh will sell the 2% of Acron shares that it currently holds. This will eliminate the cross-shareholding without affecting the number of free circulating shares or their liquidity.”