OREANDA-NEWS. The Board of Directors of Uralsvyazinform approved on May 7, 2007 the agenda for its annual general shareholders meeting, which will take place on June 15, 2007 in Chelyabinsk, and also recommended the size of dividends payable on 2006 business activity and the candidature for the 2007 auditor.

AGENDA

- Approving the annual financial statement, accounting reports, including the P&L statement (profit and loss accounts), and also profit allocation (including dividend payments) and the losses incurred by the company in the 2006 financial year;

- Electing members of the Board of Directors of the Company;

- Making additions and amendments to the Company charter;

- Making additions and amendments to the Company's procedure for conducting annual general shareholders meetings;

- Making additions and amendments to the Company's Statute on the Board of Directors;

- Making additions and amendments to the Company's Statute on the Board of Managers;

- Electing members of the Audit Committee of the Company;

- Approving the Company's 2007 auditor;

- Determining the size of annual remuneration for members of the Board of Directors.
The Board of Directors also reviewed the conclusion of the auditor (Ernst & Young is the company’s 2006 RAS and GAP auditor) and a statement by the Audit Committee on the results of its audit of annual accounting reports.

The annual financial statement, annual accounting reports, including the P&L statement, and the allocation of 2006 profit were recommended for approval by the annual general shareholders meeting.

 The AGM will be recommended to adopt a decision on 2006 dividend payouts in the following amounts:

- 0,026606 ruble per preferred share by August 14, 2007;

- 0,016393 ruble per common share by December 15, 2007.

The total amount of dividend payouts, if approved at the meeting, will amount to Rub 737,956,988 or 35.4% of the Company’s RAS net profit in 2006. The rest of 2006 net (retained) profit amounting to Rub 1,346,733,475 was recommended for allocation to increase shareholders’ capital.

The Company’s 2007 auditor for the mandatory audit of accounting records and financial reports done to RAS and GAP was recommended for approval as Ernst & Young, which was declared the winner of the tender to select an audit firm. As reported earlier, the annual shareholders meeting of Uralsvyazinform will be held at the following address: 454 000 Chelyabinsk, Ul. Kirova, 161.  The ex-dividend date for the AGM is April 27, 2007