OREANDA-NEWS. On June 28, 2007 Annual General Shareholders Meeting of OJSC “MegaFon” took place. The shareholders praised highly the results of the Company’s performance in 2006, approved the annual report and the accounting statements. No decision was made regarding payment of dividend for 2006, reported the press-centre of “MegaFon”.

According to the recommendations by the Company’s Board based on the results of the tender that was held among the Big Four international audit firms the shareholders approved LLC “Ernst & Young” as the Company’s auditor for 2007.

The shareholders approved a number of amendments to the Company’s Charter due to changes that had been made in the corporate law, as well as amendments and addenda were approved regarding establishing branches at the location of the subsidiaries.

Besides, the shareholders meeting re-elected the Board of MegaFon in the same composition:

1. Aimo Eloholma, Head of Operations, TeliaSonera International;

2. Maxim Yurievich Gorokhov, General Director of OJSC “Telecominvest”;

3. Maria Leonidovna Kastritsa, Head of Representation Office in Moscow and St.Petersburg, Law Firm “J.P Galmond & Co.;

4. Alexander Efimovich Okun, Managing Director of “Kaskol UK Ltd”;

5. Mohamed Amersi, CEO and Founder of Emergent Telecom Venture;

6. Per Olof Sjostedt, Senior Vice-President TeliaSonera AB;

7. Esko Juhani Rytkonen, Senior Vice-President TeliaSonera Finland Oyj.