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VolgaTelecom

June 22, 2004

June 22, 2004 Annual General Meeting of OJSC “VolgaTelecom” stockholders was held

Nizhny Novgorod, June 2004: On June 22, 2004 annual general meeting of OJSC “VolgaTelecom” stockholders was held. The meeting  approved annual report, annual accounting statement and introduced changes into basic regulating documents of OJSC “VolgaTelecom” (the Company’s Charter, Provision on the Board of directors, Provision on the Management board and Provision on the Auditing committee of the Company).

The meeting passed the resolution to pay the dividends:

- on ordinary shares in the size of 0,9186 ruble per a share in cash starting from 15.07.2004 to 15.12.2004;
- on preferred shares in the size of 2,4510 rubles per a share in cash starting from 15.07.2004 to 15.12.2004.

By the majority of votes the Board of directors of OJSC “VolgaTelecom” was elected with the following structure:

Andreev Vladimir Alexandrovich

Rector of Povolzhsky state academy of telecommunications and informatics

Bobin Maxim Victorovich

Chief of legal department of Moscow’s representation office of “NCH Advisors, Inc.”

Grigorieva Alla Borisovna  

Deputy to the director – chief of the sector of the Department of corporate governance of OJSC “Sviayzinvest”

Degtyarev Valeryi Victorovich

 Representative of OJSC “Sviayzinvest”

Dudchenko Vladimir Vladimirovich

Chief of analytical section of Moscow’s representation office of “NCH Advisors, Inc.”

Romskyi Georgyi Alexeevich

Deputy to the General Director of OJSC “Sviayzinvest”

Lyulin Vladimir Fedorovich

General Director of OJSC “VolgaTelecom”

Savchenko Victor Dmitrievich

Director of the Department of legal provision of OJSC “Sviayzinvest”

Fedorov Oleg Romanovich

Executive director, corporate finances of CJSC “Joint financial group”

Chernogorodskyi Sergey Valerievich

Director of the Department of joint-stock capital of OJSC “Sviayzinvest”

Yurchenko Evgenyi Valerievich

Deputy to the General Director of OJSC “Sviayzinvest”

The Auditing committee was elected with the following structure:

Belyaev Konstantin Vladimirovich

Chief expert of the Department of internal audit of OJSC “Sviayzinvest”

Belyaev Konstantin Vladimirovich

OJSC “Sviayzinvest” chief accountant

Degtyareva Elena Petrovna

Lead expert of the Department of communication of OJSC “Sviayzinvest”

Tikhonov Sergey Vladimirovich

Main specialist of the Department of internal audit of OJSC “Sviayzinvest”

Frolov Kirill Victorovich

Deputy to the director of the Department of internal audit of OJSC “Sviayzinvest”

CJSC “Ernst & Young Vneshaudit” was approved as the Company’s auditor for 2004.

After the stockholders’ meeting the session of the Company’s Board of directors was held. By the majority of votes Yurchenko Evgenyi Valerievich was elected as the Chairman of the Board of directors.

 

 

 

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