Surgut: the shareholders of OJSC UTair Aviation, at their extraordinary meeting, have approved of the Company's auditor and have formed the Inspection Commission and elected the Supervisory Board.

The meeting was held in Khanty-Mansiysk on 15 September 2004.

The candidates to the auditor were preliminary determined by a tender and proposed by the Company's auditing committee. The shareholders have approved by a majority vote of Rosexpertisa (LLC), Moscow, to be UTair's auditor under the Russian accounting standards.

Ernst&Young was approved as the Company's auditor for 2003 and 2004 under international accounting standards.

At the meeting, the shareholders elected the Inspection Commission consisting of three members.

Apart from that, before the appointed time the shareholders terminated the authorities of the Supervisory Board members elected at the annual meeting held on 25 June 2004. The new Supervisory Board now includes:
- G. Byrtsev;
- A. Martirosov;
- V. Nesterov;
- V. Novitskij;
- S. Savin;
- V. Yryupin.