Trading is to resume for common and preferred shares of Far East Telecom on the MICEX starting June 2, 2004.

Common and preferred shares were registered under the following numbers: 1-02-30166-F and 2-02-30166-F. Far EastTelecom’s common and preferred shares were included in the OTC securities list.

Trading in these shares was suspended on February 24, 2004, by decision of Far East Telecom’s annual shareholders meeting held on June 11, 2003, to double the telecom operator’s charter capital. Therefore, a subsequent decision was adopted to swap its shares with the nominal value of Rub 10 for those worth Rub 20.