Feb 10, 2004. /Lesprom Network/. Russian Neusiedler Syktivkar fixed face value for own shares at RUR 1 per share. The decision was taken by the shareholders on an urgent general meeting, Neusiedler Siktivkar public-affairs told Lesprom.ru. The meeting was celebrated in vote in absentio form, and the results were announced on February, 6. 94,927% of shares participated in the vote. The meeting approved modifications in the articles of association of the company by the majority of votes - 99,818%. Previously, the articles of association, registering the rights of NSY privileged shareholders to receive annual fixed dividend, failed to indicate the rate of shares face value. Under the current general meeting decision, dated February,6 face value was fixed at RUR 1 per share. In accordance with the articles of association ‘the annual dividend is fixed at RUR 1 per share, the dividend rate is determined at 300% of the face value fixed. In case of further privileged share face value increase the dividend on each privileged share shall increase in proportion’. The modification of the article 6.5.1 was made in order to prevent variant reading when determining dividends in the future. On January,6 NSY urgent general meeting increased face value of ordinary and privileged shares from RUR 1 to RUR 300. Neusiedler Syktivkar was founded in January 2003 on the basis of Siktivkarsky timber enterprise created in 1993. The company stock-capital is RUR 387,560,400. Shares face value - RUR 300 per share. NSY reported paper and cardboard production up 4% in 2003 compared with the prior period in 200. The enterprise reported paper and cardboard production up 22% to 64,2 thousand tons in January, 2004 compared with the prior period in 2003.