On April 17 the Board of Directors of LOMO PLC was held, where its members decided to summon the annual Meeting of shareholders. The annual Meeting of shareholders will take place on June 20, 2003. The consideration of following items is included to the Agenda of the Meeting:

- Confirmation of the membership of the Meeting Secretariat.

- Confirmation of the Annual Report of PLC, annual accounts including profits and losses statement (accounts of profits and losses) of PLC, and also distribution of profits and losses of PLC on the results of 2002.

- Confirmation of Regulations about the General Meeting of shareholders of PLC.

- Confirmation of the auditor of PLC.

- Election of members of the Auditing commission.

- Election of members of the Board of Directors of PLC.

- Confirmation of payment and amount of benefits and compensations for losses to members of the Board of Directors of PLC and members of the Auditing commission.

-  About approving of deals in which there is an interest.

   The Board of Directors decided to charge dividends for preferred shares. About two million rubles are picked out for this purpose, what is much bigger the sum defined by the company chapter. Given decision must be confirmed at the Meeting of shareholders. It wont be dividend charge for ordinary shares.