The Registry of Shareholders of the Company.

1 The Company provides maintenance and storage of the register of shareholders of the Company

in accordance with the legislation of the Russian Federation from the moment of state registration.

2 The register of shareholders of the Company may be taken for the Company or the Registrar.

3 A person registered in the register of shareholders of the Company shall promptly inform the

registrar of the Company of such changes. In case of non submission of their information on

changing the Company and the Registrar shall not be liable for any in connection therewith.

Article 13 Procedure for payment of dividends.

Based on the results of the first quarter, six months, nine months of the fiscal year and (or) for the

financial year to take decisions (declare) dividends on the outstanding shares. The decision to pay

(declare) dividends for the first quarter, six months, nine months of the fiscal year may be made

within three months after the end of the relevant period.

Company is to pay dividends.

Decision on payment (declaration) of dividends, including decisions on the amount and form of

payment are accepted by the general meeting of shareholders.

Dividends are paid from the net profit of the Company. Dividends are paid in cash. The Company

may by resolution of the general meeting of shareholders of the Company to pay dividends

property.

Procedure for payment of dividends will be determined by the general meeting of shareholders of

the Company to pay dividends. Dividends shall be paid within 60 days from the date of the decision

on their payment.

The Company may not make a decision (declare) dividends on the stock, in cases provided for in

paragraph 1 of Article 43 of the Federal law.

The Company may not pay dividends declared on the shares, in the cases provided for in

paragraph 4 of Article 43 of the Federal law.