OREANDA-NEWS. On April 28, 2007 OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia’s leading gold producer, announced the decision taken at a Board Meeting of Directors held on April 27, 2007, to convene the Annual General Meeting (AGM) of Shareholders on June 29, 2007. The Board set May 11, 2007 as the record date for the AGM, reported the press-centre of  OJSC Polyus Gold. The Board of Directors also took a decision to recommend at the forthcoming AGM, a dividend award for the year 2006 to the value of 3,23 Russian rubles per 1 ordinary share, allocating 615,727,622.81 Russian rubles for the purpose of this dividend payment.


Furthermore, Evgueni Ivanov, Polyus Gold CEO, tendered his resignation to the Board, to become effective from May 28th 2007. The motivation behind this decision is to enable him to head up a new project, which involves exploration and development of gold deposits held within OJSC Polyus Exploration. The Board of Directors have scheduled a further meeting to consider this and associated matters for May, 14th 2007. Further announcements will be made at that time. The Board also approved the agenda of the AGM, as well as the documents to be provided for the persons entitled to take part in the Annual General Meeting (the documents will be available at the Company’s web-site starting from May 28, 2007).