Annual General Meeting of ALROSA Shareholders

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On June 26, 2010 an annual general meeting of ALROSA Co. Ltd. shareholders (AGMS) was held in Mirny, Republic of Sakha (Yakutia).

The AGMS approved the Company’s annual report and financial statements for 2009, including the profit & loss statement.

In 2009 the ALROSA Group sold USD 2,152.2 million worth of rough and USD 60.4 worth of polished diamonds.

Based on ALROSA’s results for 2009 it was resolved that dividends should be paid in the amount of RUB 916.30 per share.

The Company’s net profit for 2009 totaled RUB 2,348.4 million.

The shareholders voted to approve the distribution of the net profit as follows:

- investments into non-financial assets – RUB 1,910.3 million;
- long-term financial investments – RUB 70.5 million;
- financial provisions – RUB 113.7 million;
- dividends – RUB 249.9 million.

The ASM elected the Supervisory Board of ALROSA composed of:

Mr. ALEKSEEV. Gennady Fyodorovich — First Vice Chairman of the Government of the Republic of Sakha (Yakutia);

Mr. ANDREEV, Fyodor Borisovich — President of ALROSA Co. Ltd. (closed joint-stock company);

Mr. AKHPOLOV, Alexander Alikhanovich — Director, Administrative Department, Ministry of Finance of the Russian Federation;

Mr. BORISOV, Yegor Afanasyevich — President of the Republic of Sakha (Yakutia);

Mr. DEMYANOV, Ivan Kirillovich — Vice President of ALROSA Co. Ltd. (closed joint-stock company);

Mr. DUBININ, Sergey Konstantinovich — Member of the Board, CJSC «VTB Capital» (qualified state mandatary);

Mr. YEFIMOV, Victor Petrovich — Minister of Property Relations of the Republic of Sakha (Yakutia);

Mr. KUDRIN, Alexey Leonidovich — Vice Chairman of the Government of the Russian Federation, Finance Minister of the Russian Federation;

Mr. NIKOLAYEV, Aisen Sergeevich — Head of the Republic of Sakha (Yakutia) Presidential and Governmental Offices;

Mr. RYBKIN, Vladimir Borisovich — Head, GOKHRAN of Russia (qualified state mandatary);

Mr. STRUCHKOV, Alexey Aleksandrovich – First Vice-Chairman of the Government of the Republic of Sakha (Yakutia);

Mr. TIKHONOV, Anatoly Vladimirovich — First Deputy Chairman, State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" (qualified state mandatary);

Mr. TIKHONOV, Vladimir Ivanovich – head of the Suntar Ulus (Municipal District) of the Republic of Sakha (Yakutia);

Mr. URINSON, Yakov Moiseevich — Deputy CEO, Russian Corporation of Nanotechnologies (RUSNANO) (qualified state mandatary);

Mr. YUZHANOV, Ilya Arturovich — Member of Supervisory Board, ZAO «NOMOS BANK» (qualified state mandatary).

The ASM elected new membership of the ALROSA Internal Audit Commission and approved the selection of ООО «Finansovyie i Bukhgalterskyie Consultanty» (FBK) as the Company’s statutory auditor.

This page was last updated on 01 June 2010 at 10.13