OJSC Elektrosvyaz Kemerov Region held its annual general shareholders meeting on June 11, 2002. 

Shareholders approved the annual financial statement, the annual accounting reports, including the company's profit and loss statement, allocation of profits and losses on results of fiscal 2001.  Dividends for 2001 per common shares were fixed at Rub 4.56 and Rub 16.25 per preferred shares, as well as the form, procedure and deadlines for paying out dividends.  

The shareholders meeting also appointed the following members to the Board of Directors of OJSC Elektrosvyaz Kemerov Region: 

-  V.S. Zholobov - chief specialist of the Corporate Governance Department of the Kemerovo Region; 

-   V.V. Zhigulin - director general of OJSC Elektrosvyaz Kemerovo Region / vice chairman of the Board of Directors; 

-   Z.O. Tsoi -  vice director of the Department of Internal Audit of Svyazinvest; 

-   A.V. Obukhov -  deputy head of the Securities Department of Svyazinvest; 

-   V.F. Pashkovsky - first vice director general of OJSC Sibirtelecom; 

-   V.I. Dudchenko - representative of Lindsell Enterprises Ltd. and Telerus Ltd.

-   B.E. Lyzhin - representative of Stone Inc.  

The following appointments were made to the company's Audit Committee:

-   K.V. Frolov - chief specialist of the Internal Audit Committee of Svyazinvest; 

-   N.I. Sergeyeva - vice chief accountant of OJSC Elektrosvyaz Kemerov Region; 

L.V. Pasechnik - chief accountant for the inter-zonal line switching facilities of OJSC Elektrosvyaz Kemerov Region.  

The following legal documents were also approved at the AGM: the Company Charter, the Rules for Holding Annual General Shareholders Meetings, the Rules for the Board of Directors and the Rules for the Board of Directors.  OOO Financial and Accounting Consultants (Moscow) was appointed as the company's 2002 auditor.  A resolution was also passed to join ISKRA, the Association for Federal Telecom Service Operators.