22 June 2010

Ordinary general meeting of the Shtokman Development AG shareholders held

Ordinary General Meeting of the Shtokman Development AG Shareholders was held on June 21 in Zurich to discuss a number of issues related to business activity of the Company.

The Shareholders have resolved to re-elect the present Board of Directors of the Shtokman Development AG and approve the 2009 financial reporting.

It was also resolved not to allocate profit from 2009 fiscal year, and not to pay dividends and remunerations to the members of the Board of Directors of the Company for that period.

Ernst & Young was appointed auditor of the Shtokman Development AG for 2010.

All resolutions were unanimously supported by the Shtokman Development AG Shareholders