OREANDA-NEWS. On 09 July 2009 was announced, that the annual general meeting of shareholders of JSC BTA Bank has taken place. According to the agenda the following decisions have been made:

1) To approve JSC BTA Bank’s annual financial report for the year of 2008;

2) Not to distribute net profit of the company for expired fiscal year and not to pay annual dividends;

3) To approve the structure of the Returning Board. Plenary powers of the Returning Board to be considered as termless;

The meeting was held in accordance with all necessary formalities.

These decisions have been accepted with a view to preserve BTA Group’s positions and successful realization of current debt restructuring program together with all creditors and investors.