Mr Nikolay T. Tanaev, who used to hold office of the Social and Business centre "Okhta" JSC Director General, was elected the Chairman of the Board of Directors at the meeting of Social and Business Centre "Okhta" JSC Board of Directors.

The authorities of JSC Community and Business Center Okhta's General Director exercised by Nikolay Timofeevich Tanaev are early terminated in view of his forthcoming election Chairman of the Board of Directors of JSC Community and Business Center Okhta.

Vladimir Gronskiy and Aleksey Demchishin were appointed to be deputies of General Director of "Social and business center "Okhta" OJSC.

Stockholders of "Social and Business Center "Okhta" approved annual report and annual financial statements for year 2007 on the annual general meeting of stockholders, June 30, 2008.

On October, 8 the customer of building of "Okhta center" cultural and business area - Okhta Ltd. company has received the certificate on reorganization to public corporation.