On June 30, 2012, an Annual General Meeting of Shareholders of OJSC ALROSA was held in Mirny, Republic of Sakha (Yakutia).
The shareholders approved the Company’s annual report, annual financials, and the Company’s profit and loss statement for 2011.
Following the results of 2011, ALROSA is the largest diamond miner with the diamond mining increased from 34.3 million carats in 2010 up to 34.6 million carats in 2011.
2011 is a record-breaking year throughout the Company’s history in terms of the rough diamond sales volume—rough diamond sales by ALROSA Group totaled USD 4,454.8 million (rough diamonds–USD 4,273.7 million, polished diamonds–USD 181.1 million).
Following the results of 2011, ALROSA’s net profit was RUB 29,519 million.
The Meeting voted to approve the following distribution of profit received based on 2011 results:
• total net profit available for distribution - RUB 29,519,001 thousand;
• dividend payment - RUB 7,438,615 thousand;
• profit remaining at the disposal of OJSC ALROSA - RUB 22,080,386 thousand.
It was resolved to pay dividends of one ruble one kopeck per one issued ordinary registered share of fifty kopecks par value.
It was resolved to approve LLC “Finansovyie i Bukhgalterskyie Konsultanty” (FBK) as the statutory auditor of annual financial statements of OJSC ALROSA under the Russian accounting standards for 2012 and CJSC PricewaterhouseCoopers as the statutory auditor of consolidated financial statements of ALROSA Group under the International Financial Reporting Standards for 2012.
The shareholders voted to elect the Supervisory Board of OJSC ALROSA composed of:
Mr. ANDREEV, Fyodor Borisovich – President of OJSC ALROSA;
Mr. BARSUKOV, Sergey Vladimirovich – Director, Financial Policy Department, Ministry of Finance of the Russian Federation;
Mr. BORODIN, Pavel Andreevich – Vice President, OJSC VimpelCom (independent director);
Ms. GURYEVA, Natalia Filippovna – Deputy Head, Administration of the Municipal District Verkhnevilyuisky Ulus (District) of the Republic of Sakha (Yakutia) (independent director);
Mr. DEMYANOV, Ivan Kirillovich – Vice President of OJSC ALROSA;
Mr. DZYUBENKO, Valery Viktorovich – Deputy General Director, State Unitary Enterprise Committee for Precious Metals and Gem Stones of the Republic of Sakha (Yakutia) (independent director);
Mr. DUBININ, Sergey Konstantinovich – Chairman of the Supervisory Council, OJSC VTB Bank (independent director);
Mr. YEFIMOV, Victor Petrovich - General Director, OJSC Republican Investment Company;
Mr. ZAKHAROV, Dmitry Petrovich - General Director, LLC RIC-Finance (independent director);
Mr. MESTNIKOV, Sergey Vasilievich – First Deputy Minister of Property and Land Relations of the Republic of Sakha (Yakutia);
Mr. MOROZOV, Denis Stanislavovich – representative of the Russian Federation in the Board of Directors of the European Bank for Reconstruction and Development;
Ms. OSIPOVA, Nina Antoninovna – Deputy Finance Minister of the Republic of Sakha (Yakutia);
Mr. TIKHONOV, Anatoly Vladimirovich – First Deputy Chairman of the State Corporation ‘The Bank for Development and Foreign Economic Affairs (Vnesheconombank)’;
Mr. URINSON, Yakov Moiseevich – Deputy Chairman of the Executive Board, OJSC RUSNANO;
Mr. YUZHANOV, Ilya Arturovich – Member of the Supervisory Board of OJSC NOMOS-BANK.
The Meeting also elected the Auditing Committee of OJSC ALROSA, amended the Company’s Charter and a number of regulatory documents.
The day before the meeting the Executive Committee of the Company considered adjustment of ALROSA’s budget for 2012. The budget adjustment is stipulated by the exchange rate change.