Shareholders Extraordinary Meeting of the JSC “Concern Energomera” was held on September 28, 2007 (detailed information available in the section "Information on General Meetings of the Shareholders").

The Board of Directors informs of holding JSC “Concern Energomera” Extraordinary Shareholders General Meeting on September 28, 2007. The Meeting will be devoted to the question of interim dividend payout for the first half of 2007 year. The Meeting will be held in the form of absent voting by sending registered letters with voting bulletins to the shareholders.

List of persons entitled to participate in the Meeting is made as of August 13, 2007. Information on holding the Shareholders General Meeting and report on the voting results will be published to the newspaper “Stavropolskaya Pravda”.

The following information (materials) is available on the Concern’s website in the section «Материалы к собранию акционеров»:

• recommendations of the Board of Directors on dividend rate upon shares and the order of its payout;
• sample agenda voting bulletins;
• agenda decision draft;

Shareholders can learn the abovementioned information (materials) starting from September 7, 2007, from 9-00 till 13-00 o’clock and from 14-00 till 17-00 o’clock:

Addressess in Stavropol:
- JSC “Concern Energomera”, 415 Lenin str.: apply to the corporate secretary at working days and to the guard post at weekends;
- ETF “Energomera” (JSC “Concern Energomera” branch), 4 Apanasenkovskaya str.: apply to the legal adviser at working days and to the checkpoint at weekends;
- EMF “Monocrystal” (JSC “Concern Energomera” branch), 4/1 Kulakov prospect: apply to the legal adviser at working days and to the checkpoint at weekends;

- MEF “Energomera” (JSC “Concern Energomera” branch), 217 Gagarin str., Nevinnomissk:
apply to the legal adviser at working days and to the checkpoint at weekends.

16.07.07 JSC Concern “Energomera” board of directors decided to make a branch of JSC Concern “Energomera” on the basis of JSC “SCF “Monocrystal” joined to the company.
Full name: Monocrystal Energomera Electronic Materials.
Short name: Monocrystal ЕEM.
Address: 4/1, Kulakova prospect, 355035, Stavropol, Stavropol region, Russia.

The Board of the JSC “Concern Energomera” informs of holding JSC “Concern Energomera” Shareholders Annual Meeting on June 30, 2007 at 10 a.m at the following address: Electrotechnical factory “Energomera” conference hall (JSC “Concern Energomera” branch), Apanasenkovskaya str., Stavropol.
Check-in time: 9 a.m.
Meeting start time: 10 a.m.
Shareholders who want to take part in voting can personally attend the meeting, or send filled in voting bulleting till June 27, 2007 to address: JSC ”Cocncern Energomera”, 415 Lenina str., Stavropol, 355029.

Following questions are included in agenda:
1. Annual report 2006 approval.
2. Approval of annual accounts, surplus account and loss for 2006 year, including company’s distribution profit by results of 2006 year.
3. Dividends payout for 2006 year.
4. Company Board members election.
5. Company auditing committee election.
6. Company auditor approval.

Shareholders can learn the meeting agenda materials starting from June 10, 2007, from 9-00 till 13-00 o’clock and from 14-00 till 17-00 o’clock:

Addressess in Stavropol:

- JSC “Concern Energomera”, 415 Lenina str.: apply to corporate secretary at working days and to guard post –at weekends;
- HR department of Electrotechnical factory “Energomera” (Branch of JSC “Concern Energomera”), 4 Apanasenkovskaya str. - at working days; guard desk of Electrotechnical factory - at weekends.

Address in Nevinnomissk:

- HR department of MEF “Energomera” (branch of JSC “Concern Energomera”), 217 Gagarin str. – at working days; guard desk - at weekends.

IFTS of Russia, Industrial district of Stavropol, had registered a new edition of the company statute of JSC “Concern Energomera” in which, the address of the company, in particular, had been changed:

The former address:

cl. 1.6. of the company statute: Location of the Company: Russia, Stavropol Territory, 355029, Stavropol, Lenina str., 415A.

cl. 1.7. of the company statute: Postal address of the Company: 355029, Stavropol, Lenina str. 415A.

The new address:

cl. 1.6. of the company statute: Location of the Company: Russia, Stavropol Territory, 355029, Stavropol, Lenina str., 415

cl. 1.7. of the company statute: 355029, Stavropol, Lenina str. 415.

On January 20, 2007, there was held an extraordinary general meeting of shareholders of the JSC "Concern Energomera", at which they adopted the resolution to reorganize the JSC "Concern Energomera" in the form of consolidation of the JSC "SCF Monocrystal" and to approve the consolidation agreement.

Earlier on January 19, 2007, an extraordinary general meeting of shareholders ofthe JSC "SCF Monocrystal" also adopted the resolution on reorganization of the JSC "SCF Monocrystal" in the form of consolidation with the JSC "Concern Energomera" and adopted the consolidation agreement and transfer act.

At the extraordinary general meeting of shareholders of the JSC "Concern Energomera" a new edition of the Articles of the JSC "Concern Energomera" and the Statute on tne Executive Body of the JSC "Concern Energomera" were approved.

On December 22 a meeting of the Board of the JSC "Concern Energomera" was held. At the meeting they considered and approved: the plan of measures for conversion to IFRS, the plan of financial and economic development for 2007, emission and investment policy of the Company for 2007.

The volume of sales is supposed to increse by 38% compared with the last year figures and will reach 2 462 mn rubles. The Company plans to get a net profit within 218-274 mn rubles.

The planed volume of investments in 2007 will reach 427 mn rubles, of which 157 mn rubles will be directed to acqisition of new technological equipment; 79 mn rubles - to reserch and development; to buildings and constructions repair - 99 mn rubles; to information technologies - 51 mn rubles; financial investments will be 39 mn rubles.

On December 1, 2006, there was held a meeting of the Board of the JSC "Concern Energomera" at which they adopted the resolution to reorganize the JSC "Concern Energomera" in the form of consolidation of the JSC "SCF Monocrystal" and convene an extraordinary meeting of the shareholders of the JSC "Concern Energomera" on January 20, 2007, at 10-00 o'clock at the following address: assembly hall of the Electrotechnical Factory "Energomera" (a branch of the JSC "Concern Energomera"), 4 Apanasenkovskaya Street, Stavropol, with the following agenda:

1. Reorganization of the Company in the form of consolidation to the JSC "Concern Energomera the JSC "SCF Monocrystal" and approval of the contract on consolidation

2. Determination of the quality of authorized shares and introduction of the appropriate alterations in the Articles of the Association

3. Approval of the Articles of the JSC "Concern Energomera" in the new edition.

4. Approval of "Statute on the Executive Body of the JSC "Concern Energomera".

At the meeting there were adopted resolutions on matters, related to convening an extraordinary meeting of the shareholders, (including determination of the date of making a list of the shareholders that have the right to participate in an extraordinary meeting of the shareholders, the order of informing the shareholders on convening the meeting, approval of the form and text of voting bulletins, the order of their issue, etc)

The Board considered the draft Articles of the Association in the new edition and "Statute on the Executive Body of the JSC "Concern Energomera". There was adopted the resolution to recommend a meeting of the shareholders to approve these documents.