Moscow, 21 August, 2008 – OJSC Pharmstandard, the leading domestic pharmaceutical company in Russia and the third largest pharmaceutical company operating in Russia overall, by sales value (LSE ticker: ”PHST”), will be announcing its unaudited results for the first half 2008 on Wednesday, 27 August 2008 at 10:00 AM Moscow time.

The conference call will take place on:

Wednesday, August 27, 2008

9:00 (EST)

14:00 (London)

17:00 (Moscow)

International Call-in Number:  +44 (0)20 7162 9961

Free Phone (US Only): +1 866 840 8824

Password: Russia

*We recommend that participants start dialling in 5-10 minutes prior to ensure a timely start to the conference call.

Conference call participants can register in advance by following the link below:

https://eventreg3.conferencing.com/webportal3/reg.html?Acc=468970&Conf=460864

Pharmstandart will be represented by:

Igor Krylov                             CEO

Elena Arkhangelskaya              CFO

The conference call replay will be available through August 29, 2008.

International Replay Number: +44 (0) 20 7031 4064

Toll Free Replay Number (US only): + 1 888 365 0240

Replay Access Code: 807555