On June 25, 2004 annual meeting of shareholders of LOMO PLC was held. It was conducted in combined form - both filled in bulletins, received from shareholders by mail and bulletins, filled in by participants of the meeting took part in taking decision. 399 shareholders and their representatives, controlling by 86,56of voting shares in sum participated at the work of the meeting.
         ABOUT RESULTS OF THE YEAR
   For the last year LOMO got following results: revenues from the sale of goods, products, works and services amounted to 1748,3 million roubles (in 2002 it was 1275,5 million roubles). Sales income from sales is 249,5 million roubles (in 2002 it was 230,2 million roubles). Net income amounts to 5,6 million roubles (in 2002 loss amounted to 25,3 million roubles). In general financial and economic situation at LOMO is stable.
         ABOUT PERSPECTIVES
   In 2004 it's planned to increase income from sales up to 1900 million roubles. The growth is awaited both from civil and defence production and also from commercial usage of property.
         ABOUT DECISIONS
   Annual report of PLC, balance sheet, profit and loss statement, paying of dividends for preferred shares were confirmed practically unanimously. New membership of the Board of directors and the Auditing commission were elected, the Auditor for 2004 was confirmed. The sum of benefits and compensations of expenses to members of the Board of directors and the Auditing commission was confirmed, and also deals, in which there is an interest, were approved.
         ABOUT THE BOARD OF DIRECTORS
   11 people were elected to the Board of directors:
 • Alexander Aronov, the first deputy of General director of LOMO PLC;
 • Alexander Bychkov, General director of "IK RUSS-INVEST" PLC;
 • Maxim Godionenko, General director of "ROST" PVT;
 • Alexander Kinal, financial director of "Evrika" PVT;
 • Arkady Kobitsky, General director of LOMO PLC;
 • Dmitriy Kojarsky, financial manager of "FOR Petersburg" LTD;
 • Nikolay Markov, the Head of department of "New programs and conceptions" LTD;
 • Nikolay Nikolaev, General director of "Sevzaptransspecstroy" PVT;
 • Alexander Saveliev, the Chairman of the Executive Board of "Bank "St. Petersburg" PLC;
 • Alexey Spiridonov, General director of "Korpus" LTD;
 • Nikolay Ulianov, Chairman of external economic union "Tyajpromexport".
         ABOUT DIVIDENDS
   The meeting decided not to charge dividends for ordinary shares. But it was confirmed to charge dividends for preferred shares – ten copecks for one share (in 2002 it was five copecks). According to the recommendations of the Board of directors 3,7 million roubles is directed for paying of dividends.