Additional information on decisions adopted by the Board of Directors
The Board of Directors of JSC “TransContainer” considered a request of the FESCO Transportation Group, the strategic shareholder of JSC “Transcontainer”, and agreed that a representative of the Group may be present at Board meetings until the election of the new Board by the Extraordinary Shareholders’ Meeting scheduled for April 2011. This decision was based on FESCO’s experience in Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container transportation and is subject to fulfillment a number of conditions, preventing from any conflict of interest between JSC “TransContainer” and the FESCO Transportation Group»