PRIVATIZATION

1. PRIVATIZATION CHEQUES RATE IN RUSSIA FOR JULY 29.
2. ON JULY 22 THE PRESIDENT OF RUSSIA SIGNED THE DECREE "ON THE BASIC
   REGULATIONS OF THE STATE PROGRAM IN THE PRIVATIZATION OF THE STATE AND
   MUNICIPAL ENTERPRISES IN THE RUSSIAN FEDERATION AFTER JULY 1, 1994".
3. JUNE 30 THE MAYOR OF ST.PETERSBURG ANATOLY SOBCHAK SIGNED A DECREE THAT
   STIPULATES TO TRANSFER 16.97% OF THE CORPORATION "LENENERGO" SHARES TO THE
   CITY PROPERTY FOR 3 YEARS.
4. CHUBAIS MAKES CONCESSIONS TO THE PARLIAMENT.
5. THE VOUCHER WILL EXIST TILL DECEMBER.