Preparations for and holding of the PJSC MGTS annual General Meeting of Shareholders were considered at the Board Meeting.

The annual General Meeting of Shareholders is scheduled for 7 June 2003. List of the participants eligible for taking part in the annual General Shareholders' Meeting will be composed according to the data contained in the register of the owners of the nominal shares of the Company, the qualifying date being 19 April 2003.

The Board of Directors approved the agenda of the Meeting which is as follows:

1.      Approval of the Annual Report, Accounting Reports, including Profit and Loss Statement, as well as profit and loss distribution as per the results of the fiscal year 2002;

2.      Determination of the size of the 2002 dividends, form and term of their payment to be made as per the shares of each category;

3.      Election of the members of the Board of Directors of the Company;

4.      Election of the members of the Internal Audit Commission;

5.      Approval of the PJSC MGTS Auditor for 2003;

6.      Approval of the Rules of Procedure of the General Meeting of Shareholders redrafted.