In accordance with the AGM agenda approved on May 23, 2002 the main issues were discussed concerning the company's 2001 business results, including approval of the annual financial statement, the accounting reports, payment of dividends on 2001 financial results, the approval of the company's 2002 auditor and the appointment of the Board of Directors.  

The Annual General Shareholders Meeting approved the company's 2001 annual financial statement and accounting reports.  

Dividends were approved in the amount of Rub 0.001793185 per share.  The total amount of dividends payable stands at Rub 35 mn.   

Ernst & Young Vneshaudit was approved as the company's official 2002 auditor.   

The following appointments were made to the Board of Directors: 

-         A.V. Anoshkin - assistant head of the Office of the President of the Russian Federation;

-         A.V. Borodin - head of the Department of Industrial Property, Construction, Transportation and Telecommunications of the Property Ministry of the Russian Federation;

-         A.N. Golomolzin - vice anti-monopoly minister of the Russian Federation;

-         G.O. Gref - Minister of Trade and Economic Development of the Russian Federation;

-         David Giovanis vice director general of FAPSI;

-         Stuart J. Paperin - Executive vice-president of the Soros Charity Fund;

-         L.D. Reiman - RF Communications Minister;

-         V.P. Fatikov - vice chairman of the Russian Federal Property Fund; 

L.D. Reiman was appointed chairman of the Board of Directors at a meeting of the newly appointed Board of Directors.  

Svyazinvest's key performance indicators for 2001 include the following: 

-         revenue generated from sales of goods (work and services) - Rub 92.3 bn;

-         cost of goods and services - Rub 65.4 bn

-         pre-tax profit - Rub 13.8 bn;

-         debts receivable - Rub 19.7 bn

-         net profit - Rub 8.1 bn