OJSC Tambov Elektrosvyaz held its annual general shareholders on June 6, 2002 at which the company's 2001 financial results were discussed.   

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 common shares were fixed at Rub 1.48 and Rub 4.43 for preferred shares.  Dividends are to paid out until August 10, 2002. 

The following appointments were made to the Board of Directors: 

1.      Vladimir S. Zholob - chief specialist of the Corporate Governance Department of OJSC Svyazinvest;

2.      Sergei A. Udolov - chief specialist of the Capital Investment Department of OJSC Svyazinvest;

3.      Natalya A. Dolgopolova - chief specialist of the Telecommunications Department of OJSC Svyazinvest;

4.      Sergei M. Klychev - director general of OJSC Tambov Telecom;

5.      Boris A. Lastovich - secretary general / head of IT of OJSC TsenterTelecom;

6.      Artem Yu. Shatrakov - head of finance department of OJSC TsenterTelecom;

7.      Mikhail B. Vasiliev - representative of ULM Enterprise Ltd.  

The Audit Committee of the company.

The revised company Charter.

            The revised version of the Rules for Holding Annual General Shareholders Meetings;

            The revised version of the Rules for the Board of Directors of the company;

            The revised version of the Rules for the Supervisory Board of the company;  

Top Audit (Moscow) was appointed as the company's official auditor for 2002.