10.11.2004
press-release
Corporate Governance Code of the OJSC Concern “Kalina” was approved on the Board of Directors’ meeting.
Corporate Governance Code of the Company was approved by the decision of the Board of Directors JSC Concern “Kalina” on November, 3, 2004. This step is a sequel to company’s policy of conforming to high international norms of corporate governance and transparency. The complete version of Company’s Corporate Governance Code you may find on our web-site: www.kalina.org
About the company. JSC concern “Kalina “ is one of the leading Russian perfumery and cosmetics producers. The leading brands of the company are “Black Pearl”, ”Clean Line” and “MIA” among the skin-care products, “32”, “Forest Balsam”- on the mouth-care market, ‘Angelica Varum” - among perfumes.
Concern “Kalina” consists of the parent enterprise in Ekaterinburg, Omskiy factory of detergents, subsidiary "Pallada Ukraine" (Ukraine), "Novoplast", Kalina Overseas Holding B. V. (Netherlands)
Further information you may get from the press-secretary of the JSC Concern ‘Kalina”- Kazantsev Sergey, tel./fax.(343) 365 83 06, e-mail: pressa@kalina.org.
Statements on development prospects of the company. Certain information of the present press-release may contain forecasts or any other statements on the development prospects or future financial indices of the JSC concern ‘Kalina”. You should bear in mind that these statements do not guarantee attaining the stated results
or occurrence of any forecast events of company’s performance. They include risks, uncertainty and assumptions which the company can not exactly forecast. Correspondingly, actual indices and results of company’s operation may considerably differ from the stated data or forecasts shown in the statements on the development prospects of the company. The company does not intend to make any changes in the indicated statements in order to bring them into accord with actual results.
Not for distribution in the USA.
The present press-release is not a security sales offer in the USA. Securities can not be offered for sale or be sold in the USA without registering them in the US Committee for Securities and Stock Exchanges or according to the exceptions to the registering rules.
Present announcement is for distributing among persons who may receive it in the circumstances in which article 21(1) of the Law of financial service and markets 2000 does not apply to the company.
Copies of the present announcement are not being directed to or cannot be distributed in Canada and Japan.
| 
