The Company's reorganization

The Company may be voluntarily reorganized in the manner prescribed by federal law and these

Articles of Association of the Company.

Other grounds and procedure for the reorganization of the Company determined by the Civil Code

and the laws of the Russian Federation.

Reorganization of the Company may be in the form of a merger, accession, division, separation

and transformation.

Formation of the Company's property created as a result of the reorganization is carried out only

from the assets of the reorganized company.

The order and timing of the Company's reorganization defined in Articles 15 - 20 of the Federal

Law, the Civil Code and the laws of the Russian Federation.

The Company is considered to be reorganized, except in cases of reorganization in the form of a

merger, with the moment of state registration of the newly created legal entities.

With the reorganization of the Company in the form of a merger with another company the first of

them is considered to be reorganized from the moment of entering into the Unified State Register

of Legal Entities on the termination of activity of the Company.

The Company may be transformed into a limited liability company or a production cooperative.

With the reorganization of the Company, all of its documents (administrative, financial, economic,

personnel) are transferred to the assignee, in accordance with the legislation of the Russian

Federation.