On October 6, 2004 North West Telecom paid out the fourth coupon on its series-02 interest-bearing documentary pay-to-bearer bond (state registration number 4-02-00119-?).

The yield is 14.2% and RUR 35.4 accrued on every bond. Payment was made in full and according to schedule for a total of RUR 100,000.

Telecombank acts as the payment agent for the coupon revenue.

The next coupon period will be three months and coupon payment will take place on January 2005 with a 13.2% yields.