On 12 August 2003 will be carried out pay out of coupon income for bonds series 002 of JSC Concern “Kalina” for sixth coupon period. Income amounts 36.87 rubles per bond.

Total amount of bonds on which coupon income is charged is 550 thousand shares with nominal 1000 roubles that amounts 20 278 500 rubles.

Coupon income pays in cash, in Rubles of Russian Federation. Press department of Concern “Kalina” informed about it.

Amount of coupon on noticed above bonds for seventh coupon income (it charges on 12.08.2003 ) is 13.64% i.e. 34.01 rubles.

Issue of bonds of the second series was carried out by Concern “Kalina” in February 2002. Total amount of issued bonds is 550 million rubles with nominal of every bond 1000 rubles. The term of circulation of bonds is 2 years with annual offer. The goal of placement of bond issue is attract of funds for modernization of equipment in Concern and also acquisition of companies working in cosmetics field. Floating coupon income on bonds pays quarterly.

Concern Kalina is the largest Russian perfumery-cosmetics company. Authorized capital amounts

585543560 rubles, number of ordinary shares with nominal 70 rubles – 8364908. The largest shareholder of Concern is it’s General Director Timur Goryaev who owns 66.04% of authorized capital. European Bank of Reconstruction and Development owns 19.23% in authorized capital of Concern.

In the structure of Concern enters parent enterprise in Ekaterinburg, factory in Omsk and also subsidiary “Pallada Vostok” (Uzbekistan), subsidiary “Torzhok” (Ukraine), subsidiary “Pallada-Ukraine” (Ukaraine), subsidiary “Novoplast” (Ekaterinburg), JSC “Lola atir Upa” (Uzbekistan), Kalina Overseas Holding B.V. (Netherlands).

Additional information you can receive at press-secretary of Concern “Kalina” Sergey Kazancev, tel/fax: (3432) 65-83-06, e-mail:pressa@kalina.org