Alexander Vladimirovich Lopatin has been chosen as chairman of the Board of Directors of OJSC Siberia Telecom, and Anatoly Ivanovich Nikulin as deputy chairman and director general of the company.  These decisions were adopted unanimously on March 7 in Moscow at a meeting to appoint a new composition of the Board of Directors, which was formed at an extraordinary general shareholders meeting on March 4, 2003.  The Board of Directors meeting was held in the form of joint shareholder attendance.  

This meeting also examined the issue of appointing Vasily Fedorovich Pashkovsky to the position of Corporate Secretary of OJSC Siberia Telecom and adding this position to the list of official corporate positions.  The Board of Directors instructed the Board of Management within one month to draft all the necessary documents (as specified by the Charter) and submit them for approval of the Board of Directors of the company, in accordance with the established procedure.