OREANDA-NEWS. On 04 July 2008 OJSC Rosinter Restaurants Holding (Rosinter), the leading Casual Dining Restaurants Chain in Russia and CIS (RTS ticker: ROST), announced today that all the proposed resolutions were passed by the shareholders at the Annual General Meeting (AGM) held on 26 June 2008.

The key results approved at the AGM include the election of the Board members, the approval of the 2007 financial statements, the approval of the 2007 Annual Report and the recommendation on distribution of 2007 net profit.

Seven members of the Board of Directors of Rosinter Restaurants Holding were elected and approved by the shareholders:

- Rostislav Ordovsky-Tanaevsky Blanco

- Pedro Mario Burelli

- David Fitzjohn

- Maurice Worsfold

- Vladimir Mekhrishvilli

- Vitaly Podolsky

- Tony Hughes

Shareholders decided to allocate 5% of the 2007 net profit to a reserve fund and to use the remaining part of the undistributed profit for business development.

Mr. Rostislav Ordovsky-Tanaevsky Blanco, Chairman of the Board, commented:

“The AGM approved the appointment of two new Board members –Vitaly Podolsky and Tony Hughes. Vitaly is a high-skilled professional with solid experience in management and finance, banking investments and strategy. Most recently he was the CFO and a board member of X5 Retail Group N.V., Russia's largest public food retailer in terms of sales. Tony has extensive operational experience in the restaurant industry in the international companies such as Whitbread Plc, Devenish Plc, Kingfisher Plc and, most recently, in Mitchell’s & Butlers Plc where he acted as a Member of the Board. Tony is currently also a non-executive director of The Restaurant Group Plc. I am confident that Vitaly and Tony will add to the already wide range of experience of our board and all the stakeholders will benefit.”