The Boards of Directors of , Svyaz of Komi Republic and Lensvyaz held a joint meeting on July 15, 2004,.

The following decisions were made at the joint meeting:

•          To convene a Joint General Meeting of the stockholders of NWT, Svyaz of Komi Republic and Lensvyaz, with in absentia voting.

•          To approve the Joint Meeting’s agenda.

The Joint Stockholders Meeting will discuss the issue of making amendments and additions to the charter capital NWT in conjunction with the legal succession of the rights and obligations of Lensvyaz and Svyaz of Komi Republic by NWT.

The board meeting set the deadline for accepting ballot sheets for the Joint Meeting as September 3, 2004, and the postal address for sending these sheets was established as: 14/26 Ulitsa Gorokhovaya, Saint Petersburg, 191186 (26 Bolshaya Street).