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Dividends

21 May UES board makes dividend recommendations (Part 2 21 May Severstal to pay 28 rubles a share for Q4, 42 rubles for Q1 21 May UES board makes dividend recommendations 20 May MICEX to pay 106 mln rubles in dividends 20 May Uralsvyazinform to up 2003 dividends almost 140% 19 May Templeton Russia and East European Fund, Inc. - TRF - Announces Distribution 19 May KRASNOYARSK HYDRO PLANT TO PAY 4.6 KOPECKS PER SHARE 19 May MACHINE PLANT ARSENAL COULD QUINTUPLE DIVIDENDS 19 May GAZPROM BOARD TO DISCUSS DIVIDENDS, BONDS MAY 25 19 May APATIT DIRECTORS RECOMMEND 4.4-RUBLE DIVIDENDS FOR 2003 19 May Sberbank board recommends 2003 dividends 19 May Sberbank board recommends 2003 dividends (Part 2) 19 May MGTS board recommends 2003 dividend payments 19 May Russian titanium giant VSMPO to pay 11 rubles a share 19 May Svyazinvest may increase dividends 20% 19 May Svyazinvest may increase dividends 20% (Part 2) 18 May Ministry recommends 16.5 bln rubles in Gazprom dividends 18 May Vneshtorgbank to pay out 1.6 bln rubles in 2003 dividends 18 May RUSSIA: IRKUT`S PROFIT SOARS 18 May MINUDOBRENIYA FERTILIZER CO. LIKELY NOT TO PAY 2003 DIVIDENDS 20 items returned - 374 More available

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