OREANDA-NEWS. On June 27, 2007 "COMSTAR - United TeleSystems" JSC ("Comstar") (LSE:CMST), the leading combined telecommunications operator in Russia and the CIS, announced the decisions made at the Annual General Meeting of its shareholders ("AGM") on June 27, 2007, reported the press-centre of  Comstar.

The AGM approved an annual dividend of approximately RUR 62,7 million, or approximately US$ 2,4 million, for the twelve months ended December 31, 2006, to be paid to holders of Comstar's shares as at the record date of May 17, 2007. The dividend, which amounts to a payment of RUR 0,15 per ordinary share, or approximately US$ 0,0058 per Global Depositary Receipt ("GDR"), is due to be paid within 60 days of today's AGM approval.

In addition, the AGM approved amendments to Comstar's Charter; the bylaws regarding the Shareholder Meeting; the Board of Directors; the remuneration policy for the members of the Board of Directors; and the introduction of bylaws regarding the Management Board, President and Internal Audit Committee.