| Nizhny Novgorod, January 2004: As of December 30, 2003 OJSC “VolgaTelecom” paid over 315 million rubles of dividends under ordinary and preferred shares. The resolution on the payment and the size of the dividends is approved by shareholders general meeting (Minutes ? 3 of July 10, 2003).
Total amount of dividends charged for the Company’s ordinary shares - 173 802 112, 29 rubles, total amount of dividends paid under ordinary shares - 170 783 874, 53 rubles. The size of the dividend charged for one ordinary share made up 0, 7066 rubles.
Total amount of dividends charged for the issuer’s preferred shares - 147 193 003, 54 rubles, total amount of dividends paid under the preferred shares - 144 441 147, 02 rubles. The size of the dividend charged for one preferred share - 1, 7954 rubles.
The dividends were paid by monetary means.
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