JSC “Kalina” will release its U.S. GAAP results for 2003 on Monday, April 19, 2004. On the same date JSC “Kalina” will held a conference call with financial analysts and investors. Details of the conference call will be provided separately by Renaissance Capital.
For additional information please contact:
Sergei Kazantsev, Press Secretary, on + (7 343) 3658 306; e-mail: pressa@kalina.org
Katerina Novikova, “Mikhailov&Partners” Agency, on + (7 095) 9563972; e-mail:
katerina@m-p.ru
This announcement is only for circulation to persons to whom it may lawfully be issued in circumstances in which Section 21(1) of the Financial Services and Markets Act 2000 does not apply to the Company.
This announcement is not an offer for sale of securities in the United States. The securities referred to herein may not be sold in the United Sates absent registration or an exemption from registration under the U.S. securities Act of 1933, as amended. Kalina does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Any offer of the securities to be made in the United States will be made only by means of an offering memorandum, which will contain detailed information about the company and its management and financial statements. Copies of this announcement are not being made and may not be distributed or sent into Canada or Japan.
| 
