OREANDA-NEWS. On 07 May 2009 was announced, that JSC “Rosma”obtained status of official distributor of JSC “Moscovsky Neftemaslozavod” - manufacturer of aviation oils and greases.

As official distributor, JSC “Rosma” acquired the rights of realisation of Moskovsky plant on the territory of Russia, CIS countries and abroad, as well as exclusive rights in Nizhny Novgorod region.

JSC “Rosma” and JSC “Moscovsky Neftemaslozavod” have been partners for many years. Our company's new status will allow to increase traditional form of cooperation, market outlet and strengthen delivery control of qualitative products from the manufacturer to the buyer.

JSC “Rosma”obtained status of official distributor of JSC “Moscovsky Neftemaslozavod”

March 27, 2009 JSC “Rosma”obtained status of official distributor of JSC “Moscovsky Neftemaslozavod” - manufacturer of aviation oils and greases.

As official distributor, JSC “Rosma” acquired the rights of realisation of Moskovsky plant on the territory of Russia, CIS countries and abroad, as well as exclusive rights in Nizhny Novgorod region.

JSC “Rosma” and JSC “Moscovsky Neftemaslozavod” have been partners for many years. Our company's new status will allow to increase traditional form of cooperation, market outlet and strengthen delivery control of qualitative products from the manufacturer to the buyer.

http://www.vt.ru/?id=14406VolgaTelecom’s Board of Directors Defined the Agenda of Annual General Meeting of Shareholders

Nizhny Novgorod, April 2009: On April 27, 2009 VolgaTelecom’s Board of directors held its meeting; the agenda of the meeting comprised the issues related to preparation and holding of annual general meeting of VolgaTelecom’s shareholders. Earlier the Board of directors set the date of holding of annual general meeting of shareholders – June 08, 2009.

VolgaTelecom’s Board of directors approved the following agenda of annual general meeting of shareholders:

1. Approval of annual report, annual accounting statement, including the Company’s income statement (profit and loss accounts), and also distribution of profit (including dividend payment) and loss of the Company based on the results of the reporting 2008 fiscal year.

2. Election of the members of the Company’s Board of directors.

3. Election of the members of the Company’s Auditing committee.

4. Approval of restated version of Articles of association of OJSC VolgaTelecom.

5. Approval of restated version of Regulations for the Board of directors of OJSC VolgaTelecom.

6. Approval of the Company’s auditor for 2009.

7. Approval of requirement criteria (percentage) of deductions for calculation of annual remuneration to the members of the Company’s Board of directors.

8. Termination of the Company’s membership in non-profit organization Povolzhskyi Association of Engineers of Telecommunications and IT “TELEINFO” by withdrawal from it.

VolgaTelecom’s Board of directors preliminarily approved the Company's annual report for 2008 and made the decision to recommend to annual general meeting of shareholders:

To distribute the Company’s profit based on the results of the reporting 2008 fiscal year in the following way:

- RUB 738 005 053 for dividend payment, of which:

• On preferred A type shares - RUB 3.600753 per a share;

• On ordinary shares - RUB 1.800235 per a share;

- RUB 2 214 014 270 for the increase in the Company's equity capital.

To set the procedure of dividend payment to persons included into the list of persons entitled to receive dividends:

- by transfer to bank accounts;

- by postal transfer;

- by payment in cash in the Company’s cash offices.

Annual general meeting of VolgaTelecom’s shareholders will be held on June 08, 2009 at the address: Assembly hall, Dom Svyazi, Maxim Gorky Square, Nizhny Novgorod city. The list of persons entitled to participate in annual general meeting of shareholders was drawn up at April 20, 2009.