The following resolutions were passed at the company's annual general shareholders' meeting: 

1.       To approve the annual financial statement, the annual accounting reports, including the company's profit and loss statement, allocation of profits and losses on results of fiscal 2001.   

2.       To pay out 2001 dividends as follows: 

·         Rub. 0.33 on common shares.  To pay out dividends in cash.  To end all payments by December 31, 2002;

·         Rub. 0.99 on preferred shares . To pay out dividends in cash. To begin payments on July 29, 2002. To end payments on December 31, 2002. 

3.       The following appointments were made to the Board of Directors: 

·         Stanislav P. Avdiyanits - executive director / director of economic forecasting and planning of Svyazinvest;

·         Roman V. Andrianov - chief specialist of Legal Department of OJSC Svyazinvest;

·         Yuri A. Bilibin - assistant director general of OJSC Svyazinvest;

·         Alexei I. Vanyukov - consultant of NCH Advisors Inc. ;

·         Oleg V. Mamontov - head of telecom department of OJSC Dalsvyaz;

·         Dmitry V. Silchenko - vice director general of the company;

·         Viktor D. Solovyev - director general of the company. 

4.       The following appointments were made to the Audit Committee of OJSC Magadansvyazinform: Tatyana N. Mayorova, Olga M. Novikova, Tamara A. Potapenko; 

5.       To appoint Viktor D. Solovyev as general director of the company; 

6.       To approve the revised version of the Company Charter; 

7.       To approve the revised version of the Rules for Holding General Shareholders Meetings; 

8.       To approve the revised version of the Rules for the Board of Directors; 

9.       To approve the revised version of the Rules for the Audit Committee; 

10.   To approve the revised version of the Rules for the Supervisory Board of the company; 

11.   To approve the revised version of the Rules for the Director General of the company; 

12.   To approve OOO Rosexpertiza as the company's 2002 auditor; 

13.   To join ISKRA, the Association for Federal Business Service Operators. 

The list of shareholders entitled to attend the annual general shareholders meeting was compiled based on data from the shareholders register as of April 10, 2002. 

The form for holding the general shareholders meeting: joint attendance;

Address of AGM:  Ul. Proletarskaya 10, conference hall of TTS.