The general meeting of Transneft’s shareholders, chaired by the Minister of industry and energy, was held on June 29, 2004.  Issues in dispute are:

1. Procedure of holding of the General meeting of Transneft’s shareholders.
2. Alteration into the Charter of Transneft;
3. Alteration into the Regulations on the General meeting of Transneft;
4. Alteration into the Regulations on the Board of Directors of Transneft;
5. Approval of the Annual report, accounting statement, including Income and Losses Statement and also distribution of profit including dividend payment;
6. Amount, period and form of dividend payment on all types of shares of Transneft JSC;
7. Approval of deals to be of interest;
8. Election of members of the Board of Directors of Transneft JSC;
9.  Confirmation of members of auditing commission of Transneft JSC;
10. Confirmation of auditor of Transneft JSC.