On December 15, 2004 Far East Telecom (RTS: ESPK, MICEX: DLSV) announced completion of the payout of FY 2003 common dividends.

Common dividend payouts totaled Rub 37,242,418.4.

The telecom operator’s shareholders who failed to receive dividends for 2003 and for other years will be able to receive them by submitting an appropriate dividend application to Far East Telecom.

Reference:

The dividends were registered with state authorities as entry #1-02-30166-F on April 20, 2004.

Pursuant to Far East Telecom’s annual shareholders meeting held on June 15, 2004, 2003 dividends per common share totaled Rub 0.4, i.e. 30% more than in 2002 (Rub 0.31).

Far East Telecom earmarked Rub 60,985,866.13 for FY 2003 dividend payouts. Common dividends equaled Rub 38,232,568.4 or 16.48% of the operator’s 2003 net profit (Rub 232 mln).