Dividends

At the annual shareholders’ meeting held on 25 June 2012 the shareholders approved dividends in respect of 2011, which would be paid to the shareholders in the amount of 1.8081 Russian roubles per share (6.2 US cents at the average exchange rate of the year 2011) totalling to 2,000.0 million Russian roubles (USD 68.1 million at the average exchange rate of the year 2011).