At the meeting, preparations for the annual General Meeting of OJSC MGTS Shareholders were considered, being the major item under discussion.

The Board of Directors approved the final date of convening the OJSC MGTS General Meeting of Shareholders scheduled for 15 June 2002.

The Shareholder's Meeting will be held at the cinema hall of the "Renaissance-Moscow" Hotel (18 Olimpiyskiy Prospekt, Moscow). The Meeting will start at 11:00 a.m., registration commencement - at 09:30 a.m.

The register closing date is 27 April 2002.

The Board of Directors adopted the agenda of the annual General Shareholders' Meeting.

The composition of the Secretariat comprising five (5) persons was approved, the head of the Secretariat being Mr. Vladimir A. Afonin, Director of the OJSC MGTS Department of Personnel.

The Board members approved the itemized information to be provided to those entitled to participate in the General Meeting of Shareholders.