OJSC CenterTelecom held its annual general shareholders meeting on June 5. The meeting served as the forum for approval of the company's annual financial statements, accounting reports, including the profit and loss statement, allocation of profits and losses and results of the 2001 fiscal year.

The amount of dividends to be paid out in 2001 was also approved, as well as the form and terms for payouts with a nominal value of Rub 0.3 for each category, i.e.:

-          Rub 0.026 per common share;

-          Rub 0.077 per type A preferred share;

-          Rub 0.038 per type B preferred share.

Dividends are to paid out in cash within the deadlines fixed in the company charter.

The AGM appointed nine members to the Board of Directors:

1.       Ruben A. Amaryan -  director general of OJSC TsenterTelecom;

2.       Vadim Ye. Belov -  director general of OJSC TsenterTelecom;

3.       Alexander V. Lopatin -  vice director general  of OJSC Svyazinvest;

4.       Oleg I. Betin  -  head of the administration of the Tambov Region;

5.       Yuri A. Pavlenko  -  first vice minister of communications

6.       Alexander P. Gribov  -  consultant of Russian Federal Property Committee

7.       Oxana V. Petrova  -  chief specialist of the Department of Corporate Governance of OJSC Svyazinvest;

8.       Valery N. Yashin  -  director general of OJSC Svyazinvest;

9.       Alexander V. Ikonnikov  -  representative of Medvezhono Holding Ltd. and Protsvetanie Holding Ltd.

The AGM also made three appointments to the Audit Committee:

1.       Konstantin V. Belyaev -  chief accountant of OJSC Svyazinvest;

2.       Irina V. Prokovyeva  -  vice director / head of Internal Audit Department of OJSC Svyazinvest;

3.       Arseny B. Plyusnin  -  Head of Corporate Reorganization Department of OJSC TsenterTelecom

The new edition of the Charter of Uralsvyazinform was approved in accordance with the requirements of the Law # 208 - FZ on Joint Stock Companies, which became effective on January 1, 2002. Amendments were also made to the names and number of the company's branches. The new edition of the Rules for Holding AGM was also approved.  The Statute on the Board of Management was approved. Amendments to the Statute on the Audit Committee were adopted. The company approved Ernst & Young as its official 2002 auditor at the AGM.