Based on the materials from the company’s official web-site.

On October 6, 2006 the Supervisory Board of ALROSA Co. Ltd. held its regular meeting in Moscow under the chairmanship of RF Minister of Finance and Supervisory Board Chairman Alexey Kudrin.

The Board considered the Company’s main targets and budget for 2006. The Supervisory Board agreed with the proposal by the Executive Board to amend the main targets and budget for the current year in connection with a stronger ruble against the US dollar, increased capital construction and exploration funding, growing cost of materials and supplies, growing cost of sales related to the involvement in sales of the remainder of the rough diamond inventory.

The shareholders’ representatives approved the following main economic and financial targets for 2006:

Average annual exchange rate = 27.20 RUR/ USD

Rough diamond production, production of OAO ALROSA-Nyurba included = 2277.0 USD million

Core product sales, sales by OAO Nyurba included, total = 2993.6, including rough diamond sales = 2829.9 USD million, polished diamond sales = 163.7 USD million

Net profit = 14621.6 RUR million

Maximum indebtedness = 1498.6 USD million

Capital construction expenditure = 13156.2 RUR million

Exploration expenditure = 2195.5 RUR million

R&D expenditure = 451.1 RUR million