On December 3, 2010 a meeting of the NWT Board of Directors was held in the form of absentee voting, at which the following decisions were adopted by a majority of votes:

- To terminate Ye.V. Yurchenko as Chairman of the Company’s Board of Directors.

- To elect A.Yu. Provotorov as Chairman of the Company’s Board of Directors.

We would like to remind you that an extraordinary General Meeting of Shareholders is scheduled for January 17, 2011 with such issues on the agenda as premature termination of members of the current Board of Directors and election of a new Board of Directors of the Company.