On December 25th, 2006 the ALROSA Supervisory Board had its regular meeting in Moscow under the chairmanship of Alexei Kudrin, RF Minister of Finance and ALROSA Supervisory Board Chairman.

The Supervisory Board discussed and approved the consolidated budget and main targets for 2007:

Diamond production, including production of OAO ALROSA-Nyurba - USD 2302.7 million

Diamond production of ALROSA Co. Ltd. - USD 1744 .4 million

Total core product sales - USD 2897.7 million, including - ALROSA Co. Ltd. rough diamond sales - USD 2087.0 million, polished diamond sales - USD 153.7 million, sales by OAO ALROSA-Nyurba - USD 657.0 million.

Sales of products (works and services)including OAO ALROSA-Nyurba - RUR 90496.6 million

Profit on sales of products(works and services)including OAO ALROSA-Nyurba - RUR 28962.0 million

Net profit including OAO ALROSA-Nyurba - RUR 15794.9 million. Capital expenditure - RUR 18950.4 million

Prospecting & Exploration expenses(without on-site exploration expenses)- RUR 2650.3 million, R&D expenditure - RUR 465.7 million

Maximum indebtedness by the end of 2007 - RUR 1660 million

The Board decided that dividends will be retained at the 2005 level.

It was specified that the approved targets were subject to review depending on the Company’s and ALROSA-Nyurba’s performance in the first half of 2007.

Source: the official web-site of the company.