Informer RTS

OJSC Concern "Kalina" publishes its financial results for the first quarter of 2004

May 17, 2004. Today one of the Russian largest perfumery and cosmetics producers Concern "Kalina" declared its financial results for the first quarter of 2004. Sales and net profits of the Company by the results of the first quarter of 2004 were 1,445,932,000 rubles and 205,876,000 rubles correspondingly. In comparison with the first quarter of 2003 sales of the Concern increased by 9.75 percent.

Below you can see individual finance indicators of the Company's activity for the first quarter of 2004 in comparison with the first quarter of 2003. Full texts of financial reports of the Company you can find at the Company's web-site: www.kalina.org.

Information about the Company: OJSC Concern "Kalina" is one of the leaders in the Russian perfumery and cosmetics market. Basic brands of the Company are: "Black Pearl", "Clean Line", and "MIA" in skin care products; "32" and "Forest Balsam" in mouth care products; "Angelika Varum" in perfumery products. The Concern also includes a parent enterprise in Yekaterinburg and a plant in Omsk, as well as subsidiaries "Pallada Vostok" (Uzbekistan), "Torzhok" (Ukraine), "Pallada-Ukraine", "Novoplast" (Yekaterinburg), as well as OJSC "Lola atir Upa" (Uzbekistan) and Kalina Overseas Holding B.V. (Netherlands)

You can receive additional information from

Sergey Kazantsev, press-secretary of OJSC Concern "Kalina", tel./fax: +7 343 365-83-06, e-mail: pressa@kalina.org

Katerina Novikova, "Mikhailov & Partners" Agency. Management of strategic communications", tel. +7 095 956-39-72, e-mail: katerina@m-p.ru

Statements on development prospects of the company. Certain information of the present press-release may contain forecasts or any other statements on the development prospects or future financial indices of the JSC concern ‘Kalina”. You should bear in mind that these statements do not guarantee attaining the stated results or occurrence of any forecast events of company’s performance. They include risks, uncertainty and assumptions which the company can not exactly forecast. Correspondingly, actual indices and results of company’s operation may considerably differ from the stated data or forecasts shown in the statements on the development prospects of the company. The company does not intend to make any changes in the indicated statements in order to bring them into accord with actual results.

Not for distribution in the USA.

The present press-release is not an offering circular in the USA. Securities cannot be offered for sale or be sold in the USA without registration in the US Committee on Securities and Exchanges or according to the exceptions to the registering rules.

Present announcement is for distributing exclusively among persons who may receive it in the circumstances in which article 21(1) of the Law of financial service and markets 2000 does not apply to the company.

Copies of the present announcement are not being directed to or cannot be distributed in Canada and Japan.