OREANDA-NEWS. On 01 July 2008 was announced, that the Annual General Meeting of Shareholders of OJSC RTM approved OJSC RTM’s FY2007 results presented in the form of the Annual Report and Annual Financial Statements, and elected OJSC RTM’s new Board of Directors.

OJSC RTM’s new Board of Directors now includes:

Vyrypaev Eduard – Member of the Board;

Kireenko Vladimir – Member of the Board;

Denisenko Vladimir – Independent Member of the Board;

Ollivant Nicholas Charles – Independent Member of the Board;

Korobkov Denis – Independent Member of the Board;

Zotov Dmitri – Independent Member of the Board;

Spaak Alexander – Independent Member of the Board;

Mylnikov Nikolai – Independent Member of the Board.

As a result, the number of independent directors serving on the Board has grown to 6: Nicholas Ollivant, Vladimir Denisenko, Denis Korobkov, Alexander Spaak, Dmitri Zotov, Nikolai Mylnikov.

Dmitri Zotov and Nikolai Mylnikov are the newly elected Independent Members of the Board at OJSC RTM.

Biographies of the newly elected Board members are provided below:

Dmitri Zotov was born in 1969.

Mr. Zotov graduated from the Moscow State University’s Department of Economics in 1993.

Since 2003, he has held various offices at OAO Uralsib:

January-November 2003: Executive Director and Head of Structured Credit Products Division at AKB Rodina (renamed OAO AKB Avtobank Nikoil in November 2003.)

November 2003-February 2004: Deputy Chairman of OAO AKB Avtobank-Nikoil (renamed OAO Ural-Siberian Bank in February 2004)

February 2004-January 2005: Deputy Chairman of OAO Ural-Siberian Bank (renamed OAO Uralsib)

January-September 2005: Chief Executive Director for Corporate Banking at Financial Corporation Uralsib

September 2005 to the present: Deputy Chairman of the Board, First Vice-President of OAO Uralsib

Nikolai Mylnikov was born in 1974.

Mr. Mylnikov graduated from the St. Petersburg State University’s Law Department in 2001.

2004-2005: Director General of OAO Lizingovaya Kompaniya Magistral Finans

2003-April 2008: Director of Legal Department at OAO Investment Bank KIT Finans

April 2008-to the present: Deputy Director General, Member of the Executive Board at OAO Investment Bank KIT Finans

At present, Mr. Mylnikov is a Member of the Board at OAO KIT Finans Europa Fund (since July 2004) and at NPF Promagrofond Fund (since February 2007).

In addition, he is currently serving on the Boards of Directors of OAO Rostelecom (since June 2007), OOO KIT Finans (since March 2008), and OAO KIT Finans Strakhovaniye (since April 2008).

The Annual General Meeting of Shareholders also made decisions regarding distribution of earned income, including payment of dividends, elected members of the Company’s Audit Committee, and approved the Company’s Auditor.