Having examined the proposals of the Company's shareholders in accordance with the procedures set by the Russian legislation, UTK Board of Directors adopted the Resolution on including the following persons in the list of candidates to be elected the members of the Board of Directors by the coming Annual General Shareholders' Meeting (Minutes No 35 of March, 5 2004):

• Stanislav Petrosovich Avdiyants - Executive Director - Director of the Department for Economic and Tariff Policy, "Svyazinvest" PJSC
• Vadim Yevgenievich Belov - Deputy General Director, "Svyazinvest" PJSC
• Mikhail Borisovich Vasilyev - Head of the Representative Office in Saint Petersburg, "NCH Advisors Inc. "
• Igor Vilgelmovich Volkovysky - Head of the Administrative Department of the Office of the Presidential Plenipotentiary in the Southern Federal District
• Vladimir Lukich Gorbachev - 1^st  Vice-chairman of the Committee for Energy, Transport and Communications of the RF State Duma
• Vladimir Vladimirovich Dudchenko - Head of Analytical Department of the Representative Office in Moscow, "NCH Advisors Inc. "
• Yefimov Dmitry Georgiyevich - Head of the group of independent directors, Investor Protection Association (non-commercial organization) , Moscow
• Ivan Fedorovich Ignatenko - General Director, "UTK" PJSC
• Denis Viktorovich Kulikov - Expert, Investor Protection Association (non-commercial organization) , Moscow
• Andrey Vladimirovich Morozov - legal expert of the Representative Office in Moscow, "NCH Advisors Inc. " (consulting services)
• Stanislav Nikolayevich Panchenko - Deputy General Director, "Svyazinvest" PJSC
• Iliya Vladimirovich Ponomarev - head of the division, Department for Economic Planning and Budgeting, "Svyazinvest" OJSC
• Georgy Alekseyevich Romsky - Deputy General Director, "Svyazinvest" OJSC
• Yelena Vladimirovna Umnova - Financial Director of "Svyazinvest" OJSC
• Irina Petrovna Ukhina - Deputy Director, Department of Corporate Governance, 'Svyazinvest' PJSC
• Andrey Anatolyevich Tshepilov - Head of the division, Equity Capital Department, "Svyazinvest" PJSC