OREANDA-NEWS. On June 27, 2008 JSC “Polymetal” (LSE, MICEX, RTS: PMTL) (“Polymetal” or the “Company”) announced that at the Annual General Meeting (“AGM”) held at the Company’s headquarters all resolutions of the agenda were approved, reported the press-centre of Polymetal.

Specifically,
1. Procedure of the AGM was approved.

2. Functions of the counting committee were assigned to the Company’s registrar — JSC “Registrator R.O.S.T.”.

3. Russian statutory annual report and Russian Accounting Standards financial statements, including the Income statement, were approved.

4. As per recommendation of the Board, the decision was made not to pay out any dividends based on 2007 results.

5. The following members of the Board of Directors were elected: Jonathan Best; Pavel Grachev, Oleg Lipatov, Alexander Mosionzhik, Vitaly Nesis, John O'Reilly, and Andrey Rodionov.

6. The following members of the Revision Committee were elected: Alexander Zarya, Denis Pavlov, Alexander Kazarinov.

7. ZAO Deloitte Touche CIS was approved as the Company’s Russian Accounting Standards financial statements auditor for 2008.