Notes to the Financial Statements

Notes to the Financial Statements31 December 2006 continued6. Directors’ remuneration continuedThe following tables show the beneficial interests of the directors who held office at the end of theyear in the ordinary shares of the Company and the interests of directors in share options:Directors – shares:Shares heldShares heldatat1 January 31 December2006 (a) Additions 2006Sir Michael Oliver – – –Mr. Valery Andosov 22,538,194 – 22,538,194Mr. Mikhail Baranov (b) 66,979,166 – 66,979,166Mr. Fenlon Dunphy – – –Mr. Mikhail Petrushin – – –Mr. David Wood – – –(a) The amount of shares held at 1 January 2006 have been restated from the amount disclosed inthe Group’s Annual Report & Accounts 2005 to reflect more accurate information now availableto management. The amounts as previously disclosed were: Mr. Valery Andosov, 20,093,750shares; Mr. Mikhail Baranov, 108,197,917 shares.(b) Mr Andosov’s shares are held directly by him and indirectly through 000 Yugo-VostokPromkapital, in which he is a 33.3% shareholder. The number of shares shown in the tableabove represent the deemed interests of Mr Andosov.32(c) Mr. Baranov’s shares are held indirectly through Erith Group Limited, in which he is a 50%shareholder and through 000 Yugo-Vostok Promkapital, in which he is a 33.3% shareholder.The number of shares shown in the table above represent the deemed interests of Mr Baranov.Options OptionsExercise held at granted Options held atDirectors – Price 1 January during 31 December Nominal exerciseoptions (£) 2006 the year 2006 datesMr. Mikhail Petrushin 0.15 861,607 – 861,607 05.06.07 – 12.12.10Sir Michael Oliver 0.15 – 1,723,214 1,723,214 02.04.08 – 02.10.11Mr. David Wood 0.15 – 861,607 861,607 02.04.08 – 02.10.11Mr. Fenlon Dunphy 0.15 – 1,723,214 1,723,214 27.06.08 – 27.12.11Options were issued under an employee share scheme approved by the Board of the Company on12 December 2005 and will not be exercisable until 18 months from the date of grant of the option.Other options were granted to Hanson Westhouse LLP (formerly Westhouse Securities LLP)(note 18).ZiRAX Annual Report & Accounts 2006