Shareholders of Ust-Kamenogorsk Titanium Magnesium Plant JSC confirmed the annual financial statement and procedure of net income distribution for year 2007

/IRBIS, Ekaterina Tatarova, June 30, 08/ - Ust-Kamenogorsk Titanium Magnesium Plant JSC (Ust-Kamenogorsk, further - the company), being the listing company of Kazakhstan Stock Exchange (KASE), had provided KASE with the copy of protocol of annual general meeting of its shareholders, dated June 19, 2008. According to provided document, company's shareholders accepted the following decisions: - to confirm annual financial statement of company for year 2007; - to distribute the net income of the company for 2007 in amount of KZT442,129.0 th. in the following way: - KZT79,583.0 th. - to dividends; - KZT362,546 th. - to investments in technical re-equipment, scientific works and acquiring main company's assets; - to announce dividends by results 2007 in amount of KZT39 per one share; - dividends payment start date - July 21, 2008; - date of shareholders register receiving for making list of shareholders, who have right for dividends - July 14, 2008; - dividends payment to shareholders - physical entities to pay by cash in company's counter, to legal entities - by cashless way; - to determine Deloitte LLP as the company's auditor for 2008; - to confirm amend and additions in the following internal documents of the company: resolution on general shareholders` meeting, resolution on Board of directors, resolution on the Board, resolution on informational policy of company. [2008-06-30]