29 June 2007, Moscow. OJSC Pharmstandard, a leading domestic pharmaceutical company in Russia, today held its Annual General Shareholders Meeting there the following decisions were taken:

• To approve Pharmstandard’s 2006 annual report and accounts in Russian accounting standards.
• To pay no dividend for the year 2006.

The following were elected as members of the Pharmstandard’s Board of Directors:

• Krylov Igor
• Kulkov Egor
• Mamchenko Natalia
• Mileyko Pavel
• Melnikov Alexandr
• Pavlova Natalia
• Pokrovskaya Olga
• Tyryshkin Ivan – independent member
• Kharitonin Viktor

Elected as members of Audit Committee were:

• Voevoda Oxana
• Klopotovskaya Svetlana
• Makarova Ekaterina

Ernst and Young LLC were appointed as the Company’s auditor for 2007.

Press release in MS Word