On 15th April 2004 a meeting of the Board of Directors of OJSC North-West Telecom was held. The key issue of the agenda was the issue of convoking the annual general meeting of the shareholders of OJSC North-West Telecom, determining the date, place and time of holding the meeting, the date of making up the list of those entitled to participation in the meeting and the address, to which filled–in ballots can be sent.

The Board of Directors has taken the following decision:   

An annual general shareholders meeting of OJSC North-West Telecom shall be convoked in the form of joint attendance of shareholders after sending voting ballots.

The date, place and time of holding the Meeting shall be approved – 30th June 2004 at the following address: 14, Sinopskaya naberezhnaya, St. Petersburg, at 01 p.m. Moscow time. Starting time of shareholder s registration for participation in the work of the Meeting: 11 a.m. Moscow time; place of registration: in the venue of the Meeting.      

14th May 2004 shall be determined as the date of making up the list of those entitled to participation in the Meeting.     

The following mailing address, to which filled in voting ballot s may be sent shall be approved : OJSC North-West Telecom, 26, ul. B. Morskaya, St. Petersburg, 191186.