Uralsvyazinform informs its shareholders that as of August 17, 2004 it is starting the payment of the annual dividends as of 2003 on the preferred shares.

The form of payment is cash.
The amount of dividend per 1 preferred share is RUR0.01848.

Record date: the dividends are paid to the shareholders that were present in the shareholders registry as of May 7, 2004.

The procedures of payment to the shareholders, legal entities
The payment is effected through a banking transfer in compliance with the banking details provided in the shareholders registry of Uralsvyazinform. The payment agent for this category of shareholders is ZAO “Registrator-Svyaz”.

Banking details of the payment agent:
ZAO “Registrator-Svyaz”
Registration data: Certificate of state registration #903.612 issued as of 21.02.1996 by Moscow Registration Chamber
Location: 107078, Moscow, Kalanchevskaya St., 15a
Postal address: 107078, Moscow, Kalanchevskaya St., 15a, P.O. Box 45
Tel/Fax: +7 (095) 933-42-21

All questions in connection with the dividends may be addresses to Equity Department of Uralsvyazinform on +7 343 3762 160, e-mail: investor@usi.ru.