Source: the company’s official web-site.

On June 23, 2007 an annual General Shareholders Meeting of ALROSA took place in Mirny, Republic of Sakha (Yakutia). The meeting was attended by representatives of the Company’s major shareholders such as the RF Federal Agency for Management of the State Property and the Ministry for Management of the State Property of the Republic of Sakha (Yakutia).

The Meeting approved ALROSA’s annual report and financials for 2006, including the 2006 Profit and Loss Statement.

The shareholders found ALROSA performance in 2006 positive. All the main targets were achieved, specifically: diamond production of $ 2.33 billion (by value), rough sales of $2.86 billion, and polished sales of $141.1 million.

The meeting approved the following distribution of ALROSA 2006 profit:

• Total net profit: 15557.8 million rubles, including:
• Capital investments into the fixed capital: 7631.8 million rubles;
• Long-term financial investment: 2326.4 million rubles;
• Financing of geological prospecting, R&D activities and work in progress: 98.3 million rubles;
• Payment of dividends: 2240.0 million rubles;
• Repayment of long-term loans and capital investment liabilities, and build-up of working assets: 3261.3 million rubles.

Based on the results of the ALROSA economic and financial activities, the shareholders decided to pay the dividends of 11200 rubles per share by November 22, 2007.

The meeting approved the winner of the open tender between Russian auditing and consulting companies OOO “Finansovye i Bukhgalterskie Konsultanty” (FBK) to be the statutory auditor of ALROSA and elected the Company’s new Auditing Committee.

The meeting approved the submitted list of deals concerning related-party deals planned by ALROSA to be concluded from July 1, 2007 to July 1, 2008.

The meeting elected the following members to the Supervisory Board of ALROSA:

• Mr. ALEKSEEV Gennady Fyodorovich, First Deputy Chairman of the Government of the Republic of Sakha (Yakutia);
• Mr. AKHPOLOV Aleksandr Alikhanovich, Director of the Administrative Department of the Ministry of Finance of the Russian Federation;
• Mr. BORISOV Yegor Afanasievich, Chairman of the Government of the Republic of Sakha (Yakutia);
• Mr. VYBORNOV Sergey Aleksandrovich, President of ALROSA;
• Mr. DEMYANOV Ivan Kirillovich, Vice-President of ALROSA;
• Mr. YEFIMOV Victor Petrovich, Minister of Property Relations of the Republic of Sakha (Yakutia);
• Mr. KUDRIN Aleksey Leonidovich, Minister of Finance of the Russian Federation;
• Mrs. MANUILOVA Tatyana Nikolaevna, Deputy Director of the Economics and Finance Department of the Government of the Russian Federation;
• Mr. MEDVEDEV Yury Mitrofanovich, Deputy Head of the Federal Agency for Management of the Federal Property of the Russian Federation;
• Mr. NIKOLAEV Aisen Sergeevich, Head of the Administration of the President and the Government of the Republic of Sakha (Yakutia);
• Mr. PROKOPIEV Vladimir Mikhailovich, Head of the Nyurbinsky District Municipality of the Republic of Sakha (Yakutia);
• Mr. SAMOILOV Sergey Nikolaevich, Aid to the President of the Russian Federation;
• Mrs. SOKOLOVA Olga Borisovna, Deputy Department Director of the Ministry of Economic Development and Trade of the Russian Federation;
• Mr. TOLPEZHNIKOV Leonid Fedorovich, Deputy Director of the Administrative Department of the Ministry of Finance of the Russian Federation;
• Mr. SHTYROV Vyacheslav Anatolievich, President of the Republic of Sakha (Yakutia).