The Board of Directors of OJSC Khantymansiiskokrtelecom approved today the agenda for the annual general shareholders meeting, which has been set for May 31, 2002.  At this meeting shareholders are to address the following issues: the annual report, the financial reports, the charter, rules for the shareholders meeting, the Board of Directors, the Audit Committee and several other issues, including the Comapny's participation in Iskra.

It should also be noted that the Board of Directors previously recommended that shareholders approve 2001 dividends in the amount of Rub 1.42 per common share and Rub 1.5 per preferred share. The nominal value per each type of share is Rub 15. Last year JSC Khantymansiiskokrtelecom paid out Rub 1 per common and Rub 1.5 per preferred share to shareholders.

The charter capital of OJSC Khantymansiiskokrtelecom is 17, 431, 600 common and 5,797,400 preferred shares for a nominal value of Rub 15.  Major shareholders include OJSC Svyazinvest, the Department of State Property of the Khantymansiiskokrtelecom Autonomous District and nominal shareholders ZAO Depositary and Clearing Company and ZAO Bank Credit Swiss First Boston.