Annual Meeting of Shareholders of the Primorsk Shipping Corporation (PRISCO, Nakhodka, Primorsky Krai) will be held on May 21, 2004. The following questions are included into the Agenda: approval of annual report, accounting, election of the Board of Directors, Auditing Commission and Auditor of the Company, changes to the Articles of Association, distribution of profit for the year 2003. The following candidatures will be offered to the PRISCO Board of Directors: Dmitry A. Golomovzy, Financial Director of PRISCO (Singapore) Pte. Ltd., Yuri P. Kazany - Deputy Director of PRISCO Personnel Department / Crewing, Alexander D. Kirilichev – General Director of PRISCO, Mikhail Y. Kobishchanov – Deputy General Director of Diamond Capital Management Yuri A. Kolesnichenko – General Director of Nakhodka – Torgmortrans – Service, Victor V. Malykhin – Head of PRISCO Material and Technical Division, Alexander S. Migunov – Managing Director of PRISCO (Singapore) Pte. Ltd., Eugeny Z. Chizh – Chairman of the Board of Directors of Nakhodka Ship Repair Yard PRISCO shareholders registered as of April 5, 2004 will take part in the Meeting. Primorsk Shipping Corporation is specialized on transportation of oil and oil products. Besides PRISCO provides crew training and crewing services for employment on foreign vessels, agency services. Divisions in PRISCO structure provide polygraphic, medical, hotel services, banking and insurance activity.