OREANDA-NEWS. July 17, 2007.  Cherkizovo Group ("Cherkizovo" or the "Group"). Results of Annual General Meeting.

Cherkizovo Group (LSE: CHE), one of Russia's leading integrated and diversified meat producers, held its Annual General Meeting (AGM) today, at which all resolutions were approved by shareholders.

The Group's consolidated net profit for the 2006 financial year according to US GAAP amounted to US $30,184,000, which includes net profit of OJSC Cherkizovo Group of 48,875,000 rubles.

The shareholders have approved the resolution to invest the net profit back into expanding the Group's business and not to announce or pay an annual dividend.

Finally, the Board of directors were re-elected at the AGM, including Igor Babaev, Musheg Mamikonian, Evgeny Mikhailov, Sergei Mikhailov, Samuel B. Lipman, Juhl Esben, Yury Dyachuk.