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Acron Board of Directors Issues Dividend Recommendation

 At its meeting on April 28, 2014, Acron Board of Directors recommended that the annual general meeting declare dividends of RUB 152 per ordinary share to be paid from Acron’s retained earnings for previous years since Acron generated no net profit under the Russian accounting standards in 2013. Acron intends to spend on dividend payment RUB 6,161 million or 47% of 2013 IFRS net profit. 

The Board of Directors set a record date for persons entitled to dividends for June 9, 2014.