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ABOUT THE COMPANY / REFERENCE OF THE GENERAL DIRECTOR

Dear friends, colleagues, partners!

Intercom Holding Group of Companies is an intensively developing corporation with representative offices in Great Britain, Switzerland, Azerbaijan, Uzbekistan, Kazakhstan, Ukraine, and in the regions of Russian Federation: Komi Republic, Dagestan, Saratov Region, Kaluga Region, Stavropol Territory, Nenets Autonomous Region.

Holding includes more than 20 companies and cooperate with the leading banks of the USA, Russia and Europe.

At present time we set the following serious tasks:

To found transnational Holding

To increase oil and gas recovery:

Volume of output will make

- 3,5 millions of barrels, minimum by the end of 2005;

- 35 millions of barrels annually, minimum by the end of 2007.

To increase Holdings production basis.

Total oil stock of deposits will make:

- 1,5 billions of barrels up to 2007;

- 15 billions of barrels up to 2010.

To realize investment projects of oil-and-gas deposits development at Nenets Autonomous Region; Khanty-Mansiysk Autonomous Region; Tomsk Region; Irkutsk Region.

To realize investment projects on real estate in Moscow

To participate in investment projects of the leading industries: oil, gas, atomic, metallurgy

To participate in power industry projects

To increase the volumes of materials and machinery supplies for investment and capital construction.

We continually increase potential of finances and staff, raise the level of personnels efficiency, therefore I firmly believe that Intercom Holding Group of Companies will fulfill these complex tasks, and never doubt that we shall succeed.

Yours faithfully,

Elmar A. Akhmedov

Director General


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JSC "INTERCOM HOLDING"
Russia, 109012, Moscow, ul. Nikolskaya, 17 b.1
Phone: (+7 095) 933-7502 E-mail:
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