The Company's major financial and business performance indicators for the 9 months of the current year are represented as follows:

• Revenue from sales of goods, products, work performed and services rendered - Fourteen billion Eight Hundred and Seventy-Three million rubles (RUR 14 873 000 000.-), which makes up 100.5% of the target figures.
• Income on sales - Four billion and Twenty-Two million rubles (RUR 4 022 000 000.-) (103% of the target figure).
• Income before taxes - 1 billion and Nine Hundred Eleven million rubles (RUR 1 911 000 000.-).
• Net income - One billion and Two Hundred Ninety-Four million rubles (RUR 1 294 000 000.-), which represents a 4.955-million rubles increase as against the target figure.
• Ordinary activities expenses - Ten billion and Eight Hundred Fifty-One million rubles (RUR 10 851 000 000.-).

Comments on the Information about the Operating Results for the 9 Months of 2003

"Analyzing the Company's operating results for the 9 months of 2003, it can be noted that the growth of the revenue from sales of goods, products, works and services accounts for 126.8%, as against the same period of the last year. The growth arose from the increase of the volume of basic services provided, development of communications media, and from the tariffs raise".

31.10.2003