RUSSIAN LEADERS IN CORPORATE GOVERNANCE - 2002

The investor protection association is holding the yearly awording ceremony

Moscow, December 19, 2002, "Marriott Grand Hotel", Tverskaya Street, 26.

16.00 - 18.00 Roundtable Meeting "Corporate Governance-2002: Main Results and Perspectives" (registration starts at 15.30)

Issues of Russian legislation on corporate governance, practices of Russian companies, the Code of corporate conduct, listing requirements of Russian stock exchanges, activities of independent directors are the discussion topics to be covered. Representatives of governing bodies, leading companies, Russian stock exchanges, financial institutes, institutional investors, investment banks and independent directors will take part in the roundtable meeting.

18.00 - 20.30 Awarding Ceremony "Russian Leaders in Corporate Governance - 2002"

The awarding features the following nominations:
1. Best manager;
2. Company with best corporate governance;
3. Company with best achievements in corporate governance in 2002;
4. Company with best investor relations;
5. Company with best dividend policy;
6. Company with best web-site;
7. Company with best yearly report;
8. Company that needs to improve corporate governance

The list of nominees includes the following joint-stock companies: "YUKOS", "Baltika", Vimpelcom", "Sviazinvest", "Rostelecom", "Norilsky Nikel", "Sibneft", "Lukoil", MTS.

Please contact Aleksei Mamontov on accreditation and participation
Tel.: (095) 787-2442, 915-1250
e-mail: mamontov@corp-gov.ru