OJSC Saratovelektrosvyaz held its annual general shareholders meeting on June 14, 2002.  The meeting was the venue used to approve the annual financial statement, annual accounting reports, including the profit and loss statement and the allocation of the company's profits and losses posted during fiscal 2001. In addition, a resolution was passed to pay out 2001 dividends as follows:

- Rub 0.022 on common shares in cash before December 31, 2002;

- Rub 0.067 on preferred shares in cash before December 31, 2002;

The following members were appointed to the company's Board of Directors:

- Igor I. Marin - vice department head / head of Marketing and Sales of Svyazinvest;

- Elena A. Kukina - chief specialist of Corporate Finance and Direct Investment of Svyazinvest;

- Svetlana V. Baikova - leading specialist of Corporate Governance Department of Svyazinvest;

- Oleg A. Korolkov -  director general of OJSC Saratovelektrosvyaz;

-  Vladimir F. Lyulin - director general of OJSC Nizhegorodsvyazinform;

-  Mikhail B. Vasilyev - representative of Wakeman Enterprises Ltd. 

-  Maxim V. Bobin - representative of Wakeman Enterprises Ltd. 

The following appointments were made to the Audit Committee:

-   Sergei V. Podosinov - chief expert of the Internal Audit Department of Svyazinvest; 

-  Sergei I. Alexin -  chief specialist of the Internal Audit Department of Svyazinvest; 

-  Larisa V. Tareyeva -  leading specialist of the Corporate Finance and Director of the Investment Department of Svyazinvest; 

-  Lyudmila V. Ananyeva - vice chief accountant of OJSC Saratovelektrosvyaz;

-  Olga A. Chechikova - corporate official of the Department of Investments and Property o OJSC Svyazinvest ; 

Oleg A. Korolkov was appointed as director general of OJSC Saratovelektrosvyaz. 

The revised version of the Charter of OJSC Saratovelektrosvyaz was approved in accordance with the requirements of the Law on Joint Stock Companies, which became effective on January 1, 2002. The new edition of the Rules for Holding AGM was also approved.   The Rules for Supervisory Board were approved.  The company appointed ZAO Marketing. Consulting. Design.  as its official 2002 auditor at the AGM. 

A resolution was also passed to join ISKRA, the Association for Federal Telecom Service Operators