In the course of an annual meeting, “Open Investments” shareholders approved the Annual Report and financial statements for year 2003, including accounting balance sheet and profit and loss report.

Shareholders decided to announce year 2003 dividend at RUR 30.23 per ordinary registered share with payment by August 13, 2004 .

Shareholders elected the Board of Directors in the following composition: Sergei Aleksashenko, Andrey Bugrov, Yekaterina Salnikova – on behalf of “Interros” Company, independent directors – Pavel Teplukhin (President, “Troika Dialog”) and Yevgheny Yasin (Academic Supervisor, State University – Higher School of Economics). Dmitry Zhurkin was elected as an auditor.