YUKOS Board of Directors approves 2002 dividends

The Board of Directors of YUKOS has recommended the annual shareholders' meeting scheduled on June 18, 2003 to pay dividends for 2002 totaling 22.12bn rubles (about $700m), the press service of the company reported. This sum includes about $400m in dividends that have been already paid for the first nine months of last year.

In the event the shareholders' meeting approves these figures, dividends will be RUR9.89 per common share, including RUR5.7 that have been already paid for the first nine months of 2002.

YUKOS paid dividends amounting to 3bn rubles (about $110m) for 1999, 8.59bn rubles (about $300m) for 2000 and 15.25bn rubles (about $500m) for 2001.

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