The  RSE Management Board resolved on its meeting of August 21, 2002 to

transfer  JSC  "Kaija"  shares  from  Second  list to Surveillance list

starting  with August 21, 2002. The decision was due to company failure

to  provide  information  about  dividends, date of dividend repayment,

postponement  of  the date and reasons for postponement. The issuer has

breached  the  requirements  in  defence  of  investors'  interests  as

stipulated  by  item 11.2.2.7 of the RSE Enforcement Note on Securities

Lists.