On April 19, 2005 the Board of Directors of OJSC North-West Telecom was held. The agenda of the meeting was to discuss matters relating to the preparation and holding of the annual general shareholders meeting of OJSC North-West Telecom.

The Board of Directors made the following decisions:

• To convene the annual general shareholders meeting of OJSC North-West Telecom in the form of joint presence of shareholders with the prior distribution of voting ballots. The date and the venue of the Meeting are as follows: June 30, 2006, 1 p.m. Moscow time at 14, Sinopskaya nab., St. Petersburg. The registration of shareholders for participation in the Meeting begins at 11 a.m. Moscow time at the Meeting venue.
• To identify May 10, 2005* as the date of the list of persons entitled to participate in the Meeting.
• To approve the following list of information to be sent to the shareholders prior to the Meeting (not later than June 6, 2005): voting ballots, notice of the Meeting.
• To approve the mailing address to which filled-out voting ballots may be sent: OJSC North-West Telecom, 14/26 Gorokhovaya ul. (26, B. Morskaya ul.), St. Petersburg, 191186. The voting ballots are accepted till June 24, 2005.