The shareholders of Kopeyka Trade House have passed a resolution to issue additional stock at the Extraordinary General Meeting held on March 6, 2006.

Kopeyka intends to place 408774640 common stocks (13.04% of increased authorized capital) with a nominal value of 1 ruble. The securities will be floated in favour of Eckleton ltd., Lasmo Resources Ltd, Efkarpos Enterprises Ltd., Alexander Samonov, Sergey Lomakin and Artem Khachatryan.

Kopeyka Trade House is a leading discounter chain in the Central Federal District of the Russian Federation. According to the 2005 preliminary results, its gross sales reached $646.4 million, which is a 52% increase over 2004. During 2005, the number of the Company's stores almost doubled. The Kopeyka retail chain currently operates in Moscow and the Moscow, Nizhni Novgorod, Tver, Tula, Kaluga, Ryazan, Voronezh, and Yaroslavl Regions.

"AK&M", 22/03/2006 12:39