On July 6, 2004 at 11 a.m. at the site of Investment Company “Finance-Analyst” www.finam.ru there will be held the conference on the results of OJSC “VolgaTelecom” operations for 2003. The answers to the questions of the participants of the Internet-conference will be provided by:

• Mr. Vladimir Fedorovich Lyulin – OJSC “VolgaTelecom” General Director;
• Mrs. Taisiya Mikhailovna Sipatova – the 1-st deputy to the General Director for economics;
• Mrs. Lyubov Ivanovna Grigorieva – deputy to the General Director for corporate development;
• Mr. Nikolai Ivanovich Popkov – OJSC “VolgaTelecom” chief accountant.

Additional information on the conference and on how to ask a question is available at the site:  https://www.finam.ru/analysis/conf00001000D1/default.asp

We will be happy to answer your questions.