Meeting of ALROSA Supervisory Board

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On April 29, 2011, a meeting of the Supervisory Board of OJSC ALROSA was held by correspondence vote.

The Supervisory Board approved an agenda for the annual shareholders’ meeting to include issues related to approving the annual report and annual accounting reports; ALROSA’s 2010 profit distribution; amounts, schedule and form of dividends as a result of 2010; and election of members of the Supervisory Board and the Auditing Committee, among other things.

Besides, the Supervisory Board decided to include issues «On Splitting Outstanding Shares of OJSC ALROSA» and «On Amendments to the Charter of OJSC ALROSA» into the agenda of the annual shareholders’ meeting. It is suggested that the annual shareholders’ meeting should take decision to split outstanding registered ordinary non-documented shares in OJSC ALROSA: so that one registered ordinary non-documented share in OJSC ALROSA with the par value of 13,502.5 each should be converted into 27,005 registered ordinary non-documented shares with the par value of 0.5 rubles each.

In connection with the share splitting, it is suggested that the shareholders should approve related amendments to the Charter of OJSC ALROSA to stipulate that:

— «The authorized capital of the Company is 3,682,482,815 rubles and is divided into 7,364,965,630 ordinary registered shares with the par value of 50 kopeks each»;

— «The Company is entitled to place 2,062,155,810 more ordinary registered non-documented shares with the par value of 50 kopeks each in addition to those outstanding».

It is decided to hold the annual shareholders’ meeting of ALROSA on June 30, 2011 in Mirny (Republic of Sakha (Yakutia)).

The Supervisory Board of OJSC ALROSA gave a tentative approval of the annual report of OJSC ALROSA. It is recommended to the annual shareholders’ meeting to decide on paying dividends in the amount of 6,721.63 rubles per one outstanding registered share in OJSC ALROSA and on distributing the 2010 net profit in the following manner:

— Total net profit available — 8,777,208,437 rubles;
— To be paid as dividends- 1,833,163,264 rubles;
— Profit retained by OJSC ALROSA — 6,944,045,173 rubles.

This page was last updated on 04 May 2011 at 13.06