On January 14 the Board of Directors of OJSC LSR Group approved February 19, 2010 as the date of Extraordinary General Meeting (“EGM”) of Shareholders of the Company with the following agenda:

1. Approval of a major transaction which is also an interested party transaction.

2. Approval of interested party transactions.

Date of the EGM: February 19, 2010

Time: 11:00 am

Location: 36 Kazanskaya Street, St. Petersburg, Russia

Registration  of persons entitled to attend the General Shareholders’ Meeting: start at 10:00 am

Date of compilation of  the list of persons entitled to attend the EGM: January 15, 2010