Prepared report under IFRS for 2003-2004

21.06.2006
Today on the financial site of LenSpetsSMU a report under IFRS for 2003-2004 for LenSpetsSMU group and also separately for two other companies that were consolidated: CDR (CJSC) and LenSpetsSMU (CJSC) became available. The audit was performed by a company, a member of the international audit network, Horwath International.
The Holding administration considers preparation and disclosure of accounting under IFRS as the next step towards publicity of the company and civilized relations with investors.
At present an audit of accounting is being performed under IFRS for 2005. Expected time frame for these statements to be ready is the second half of July 2006.
All reports are in the “Accounting (financial) statements” section.