General Meeting of Shareholders had approved financial statements for the year 2007 and made alterations in the list of Supervisory Board Officials

General Meeting of Shareholders of OJSC “Concern Galnaftogaz" dated 21 April 2008, minutes №02/08, approved report on financial and operational activities of the Company for the year 2007, report of the Supervisory Board of the Company for the year 2007, report of the Audit Committee, annual report and balance sheet of the Company for the year 2007.
Also, General Meeting of Shareholders have decided to recall Antonova Nataliya Volodymyrivna from the post of member of the Supervisory Board. General Meeting of Shareholders have appointed Antonova Yuliya Vitaliyivna as a member of Supervisory Board of the Company.
Received for the year 2007 net profit has been decided to be allocated in the following way: 15% of the net profit to be allocated to reserve capital of the Company and rest of the net profit was decided to be left unallocated in the Company’s disposal.
Consolidated net profit of the Company for the year 2007 accordingly to UAS amounted to UAH 28,1 mln. (for the year 2006 - UAH 35,2 mln).