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Decisions by Acron Board of Directors

Acron Board of Directors approved a procedure and price for buying back shares upon shareholders’ request should such shareholders vote against the decision on Acron’s reorganisation or not participate in voting on this agenda item at Acron’s extraordinary general meeting scheduled for February 27, 2012.

The buyback price per Acron’s registered uncertificated common share is determined based on its fair market value quoted by an independent assessor, and is equal to RUB 1,143.