North West Telecom’s Board of Directors held a meeting on April 15, 2004. The main issue on the agenda was the annual general stockholders meeting of the company, including the date, place, time, and cut-off date for the list of persons eligible to attend and addresses for sending completed ballot sheets. 

The Board of Directors passed the following motion: 

•          To call an annual general stockholders meeting of the North West Telecom in the form of a public meeting, with preliminary distribution (delivery) of ballot sheets. 

•          To ratify the date, place and time of the AGM as June 30, 2004at the following address: Sinopskaya Embankment 14, Saint Petersburg, at 1 pmMoscowtime.  The starting time for registration of stockholders that intend to participate in the proceedings is 11 pm, Moscowtime. Place of registration – at the aforementioned address.  

•         To set May 14, 2004as the cut-off date for compiling the list of persons eligible to participate in the Meeting.  

•         To determine the mailing address to which ballot sheets should be sent as: North West Telecom, 26, Ulitsa Bolshaya Morskaya, Saint Petersburg, 191186.