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Acron’s Board of Directors Recommends 2009 Dividend

Acron’s Board of Directors has recommended that the annual general shareholders meeting declare a dividend of RUB 25 per common share (or RUB 2.5 per GDR) based on 2009 performance.

If the general shareholders meeting scheduled for May 27, 2010 approves these recommendations, Acron will pay a total of RUB 1,192.2 million or 30.6% of its RAS net income, exclusive of the mark-to-market revaluation of its financial investments, in dividends. The Board’s recommendation complies with the Dividend Policy approved in 2007.

The record date for shareholders is April 9, 2010.

For GDR holders:

• Ex-dividend date is April 12, 2010
• Record date is April 14, 2010.