Public Joint Stock Company "Southern Telecommunications Company" informs that the following resolutions were adopted at the meeting of the Board of Directors of the Company held on 26 March 2003 (Protocol ?9):

• To assign the Annual General Shareholders' Meeting to be held on June, 25, 2003;
• To appoint the date of making a list of shareholders as at May, 8, 2003;
• To appoint the postal address where filled-up bulletins could be sent: 66,Karasunskaya St., Krasnodar, 350 000, Russia.