OREANDA-NEWS. April 4, 2008. MOSCOW (RNWire) - The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today that a General Meeting has been called for 25 April, 2008. The date was fixed by the Board of Directors at its meeting held 2 April.

The Board has approved a draft agenda for the General Meeting. According to the proposed agenda, the participants will hear the NDC Director’s report on the Partnership’s operations for 2007, consider expenditure issues arising from NDC’s profit and loss budget for 2007, and will review materials from an audit of NDC’s accounting report for 2007 and a report by NDC’s Audit Commission on the financial results for 2007. The General Meeting will also consider the election of new members to NDC’s Audit Commission.

The Board of Directors recommended that the General Meeting approve the acquisition by NDC of common inscribed non-documentary shares of the Settlement Depository Company CJSC within the framework of an additional share issue.

NDC’s Board also approved the operational audit of NDC for 2008, authorizing it to be conducted in line with recommendations by Thomas Murray, an international rating agency, and approved Deloitte & Touche CIS CJSC as NDC’s independent auditor for 2008.