Securities Market - Stocks

Dividend Policy and History

Year	Dividend Payment (RUR)
	Ordinary	Preference
1993	500*	500*
1994	1,000*	1,000*
1995	5*	5*
1996	5*	5*
1997	0.005	0.00917
1998	0.006228	0.0152
1999	0.0131	0.0367
2000	0.02	0.0738
2001	0.026	0.1185
2002	0.0337	0.2916
2003	0.0469	0.2283
2004	0,0559	0,2233