Jun 24, 2009 the annual general meeting of shareholders of OJSC Izhorskiye plants, members of the Group of OMZ.

The meeting was attended by shareholders who are registered in the register as at 6 May 2009.

According to the agenda of the shareholders were reviewed and approved all the decisions on the agenda: Annual report on the activities of the Company in 2008, the annual financial statements, including income statement, elected a new Board of Directors and the Audit Commission approved company Eych E Bi Vneshuadit as an external auditor, approved changes in number 1 of the Charter of the Company and approved the transaction, of which there is interest.

As a result of meeting of shareholders elected a new Board of Directors of OAO Izhora Works in the number 9, which includes:

1. Borisov Evgeniy Ivanovich - Director General of JSC Management company - Strategic Assets

2. Danilenko Victor G. - General Director of OMZ.

3. Sergei Ivanov - the first vice-president of Gazprombank (Open Joint Stock Company)

4. CARCINO Farid Mashutovich - Deputy Chairman of the Board of Gazprombank (Open Joint Stock Company)

5. Komarov Kirill B. - Executive Director of Atomenergoprom

6. Vitaly V. Lotohin - General Director of JSC Forpost Management

7. Ilya Novikov - Head of Financial and Economic controlling CJSC Management Company-Strategic Assets

8. Ovchar Vladimir G. - President of the holding company - Deputy General Director for Strategic Development of JSC Podolsk Machine-Building Plant

9. Viktor Stepanovich Shevchenko - General Director of OAO Izhora Works

At June 24, 2009 the first meeting of a new board of directors elected him chairman CARCINO Farid Mashutovich vice president - Borisov Evgeny Ivanovich.

shareholders also approved the decision not to pay dividends on preferred and common stock on the results of 2008 and net income of $ 77 million rubles to use to increase the capitalization of a company.
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