Poltavsky GOK to buy back 5% stake

The largest Ukrainian iron ore pellets producer, Poltavsky GOK (PGOK), is planning to buy back a five percent stake in itself, or 5.4 million common shares with par value of UAH 9.96, and then retire the shares. The company will hold an extraordinary general meeting on December 29, 2006 to consider this matter. The buyback is scheduled for the March 1-23, 2007 period.