OREANDA-NEWS. The conference call will be hosted at 10.00 am (ET) / 3.00 pm (UK time) / 4.00 pm (CET) / 6.00 pm (Moscow Time) on Tuesday, 10 July 2007. The dial-in numbers for the conference call are:

UK +44 20 7138 0836

US +1 718 354 1172

Host:

Laila Simanova - Investor Relations Officer

Speakers:

Alexander Goncharuk - President & Chief Executive Officer

Alexey Buyanov - Senior Vice President, Chief Financial Officer

Anton Abugov - First Vice President, Chief Strategy Officer

A replay number will be available for 7 days after the conference call. To access the replay, please dial:

UK +44 20 7806 1970

US +1 718 354 1112

The replay access number is 8074290#