Events

As a result of Board of Directors meeting the agenda of the shareholders General Meeting, scheduled for June, 30 th, 2009 was approved.
The list of shareholders, that have the right of participation in shareholders' General Meeting, will be made as of May, 12th, 2009.

The agenda:

1. Report about Company's financial activity in 2008 made by СEO of the Company Stepan Kovalchuk.
2. Report about Company's activity in 2008 made by Audit commission of the Company.
3. Approval of the balance sheet and income statement for 2008.
4. Board of Directors recommendations of profit and loss appropriation account for 2008 approval.
5. Auditor appointment approval
6. Election of Board of Directors members of the Company
7. Election of Audit commission members of the Company
8. Election of Counting Board members of the Company
9. Amount of compensation for the Board of Directors members of the Company approval.

Also Board of Directors has proposed to the General Shareholders Meeting not to pay dividends as a result of the fiscal year 2008.

On May, 12th, 2009 Board of Directors of JSC «The Seventh Continent» dedicated to shareholders Annual General Meeting took place.

About the Company:

JSC "The Seventh Continent" was established in 1994 and today is an international retail chain and one of the leading Russian national chains. The Company operates in two major formats: supermarkets and hypermarkets. As of the end of April 2009 the Company has stores in Moscow and Moscow region (118 supermarkets and 4 hypermarkets), in Kaliningrad region (10 supermarkets), in St-Petersburg (1 hypermarket), in Ryazan (1 hypermarket), Chelyabinsk (1 hypermarket) in Minsk, Belorussia (1 hypermarket), in Perm (1 supermarket and 1 hypermarket) and in Yaroslavl (1 hypermarket).
According to the audited financial statements, prepared in accordance with International Financial Reporting Standards, in 2007 total revenues of the Company were USD 1 272.9 mn., net income USD 99.2 mn.

For further information please contact us:
- www.7cont.ru
- tel.: +7(495) 933-43-63, ext. 35 31,
e-mail: pressa@7cont.ru,