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APPM will distribute dividends - 500 rub. per share
20 april 2007

On April, 18 the Annual Shareholders' meeting of OJSC Arkhangelsk PPM took place in Novodvinsk, Arkhangelsk region. The shareholders discussed all issued of the agenda.

By results of 2006 the shareholders took the decision to distribute dividends in the sum of RUR 500 per share.

The shareholders elected the new Board of Directors. "Pulp Mill Holding Gmb" nominated   Heinz Zinner, Dieter Wehowski, Wrold Emil Wroldsen, Vladimir Beloglazov, Timur Sokolov for election to the Board of Directors. The Company .Freelink Enterprises Limited. proposed Nikolay Zaitsev, the Head of the project .Base Element. and Andrew Voloshin, General Director of the "TIC Continental Management", Ltd.  for membership on the Board of Directors instead of  Nikolay Makarov the Chairman of the Board  of the "TIC Continental Management", Ltd.  and Yuriy  Tyamushkin  Deputy Director of the Investment Department of the "Base Element" company. Heinz Zinner was elected the Chairman of the Board of the OJSC "APPM".


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