OAO RBC Information Systems held an annual general shareholders meeting in Moscow on June 14, 2002.

An annual report, balance-sheet, accounts and profit and loss report of the 2001 fiscal year were approved. The company reported its aggregate income as equal to $16.95m, with net profits coming to $6.3m and EBITDA - $7.7m.

Shareholders made a decision not to pay 2001 dividends and reinvest the company’s profits back into the business.

KPMG Limited was declared the auditor of RBC Information Systems.

Shareholders elected a new Board of Directors of RBC Information Systems that comprised 12 members: G. Kaplun, A. Morgulchik, D. Belik, S. Lukin, O. Dyatlov, G. Topchishvili, Ye. Lebedeva, L. Khazan, Yu. Mostovoy, H. Rudloff, N. Osborn and M. Hammond.

A new version of Articles of Association of RBC Information Systems was approved. In addition, shareholders elected the Audit Commission.

“We confirm our forecasts about RBC’s business results in the first half of 2002,” Chairman of the Board of Directors of RBC Information Systems German Kaploun declared. “According to our estimations, the company’s turnover will reach $26m in 2002, and profits will exceed $9m. In other words, the company’s growth is expected to exceed 50 per cent.”

Investor contact: Natalia Makeeva
Tel: +7 (095) 363-1111 (ext. 1369), e-mail: ir@rbc.ru, Web: www.rbcinfosystems.com.