UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-8076 The Emerging Markets Telecommunications Fund, Inc. ------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) c/o Credit Suisse Asset Management, LLC 466 Lexington Avenue New York, New York 10017 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) J. Kevin Gao, Esq. 466 Lexington Avenue New York, New York 10017 ------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (212) 875-3500 Date of fiscal year end: 10/31 Date of reporting period: July 1, 2005 - June 30, 2006 ITEM 1. PROXY VOTING RECORD The Emerging Markets Telecommunications Fund, Inc. ============== THE EMERGING MARKETS TELECOMMUNICATIONS FUND, INC. ============== AES TIETE SA(FORMERLY COMPANHIA DE GERACAO DE ENERGIA TIETE) Ticker: Security ID: P4991B101 Meeting Date: MAR 21, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports and Approve Allocation of Income 2 Approve Aggregate Annual Remuneration of For For Management Directors 3 Elect Employee Representative and For For Management Alternate to the Board 4 Elect Directors For For Management 5 Elect Supervisory Board For For Management -------------------------------------------------------------------------------- BEZEQ THE ISRAELI TELECOM CORP Ticker: Security ID: M2012Q100 Meeting Date: AUG 3, 2005 Meeting Type: Special Record Date: JUL 26, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Extension of Current For Against Management Director/Officer Liability and Indemnification Insurance -------------------------------------------------------------------------------- BEZEQ THE ISRAELI TELECOM CORP Ticker: Security ID: M2012Q100 Meeting Date: DEC 20, 2005 Meeting Type: Annual Record Date: DEC 8, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports (Voting) 2 Approve Auditors and Authorize Board to For For Management Fix Their Remuneration 3 Elect Directors For For Management -------------------------------------------------------------------------------- BEZEQ THE ISRAELI TELECOM CORP Ticker: Security ID: M2012Q100 Meeting Date: JUN 21, 2006 Meeting Type: Annual Record Date: MAY 23, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Discuss Financial Statements and For For Management Directors' Report for Year 2005 2 Approve Somech, Chaikin, and Shoti as For For Management Auditors and Authorize Board to Fix Their Remuneration 3 Elect M. Garbiner, D. Weisglass, Z. For For Management Cohen, Y. Rubinstein and Reelect M. Arkin, P. Bucris, R. Gottfried, A. Saban, M. Inbar, A. Chesnoff, and K. Kiari as Directors 4 Approve Compensation of Dov Weisglass as For For Management Director for NIS 150,000 Per Month -------------------------------------------------------------------------------- BEZEQ THE ISRAELI TELECOM CORP Ticker: Security ID: M2012Q100 Meeting Date: MAR 23, 2006 Meeting Type: Special Record Date: MAR 12, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Cash Dividend of NIS 0.4606446 For For Management Per Share 2 Approve Management Agreement with For Against Management Significant Shareholder -------------------------------------------------------------------------------- BEZEQ THE ISRAELI TELECOM CORP Ticker: Security ID: M2012Q100 Meeting Date: NOV 24, 2005 Meeting Type: Special Record Date: OCT 31, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors For For Management 2 Approve Director/Officer Liability and For Against Management Indemnification Insurance -------------------------------------------------------------------------------- BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD) Ticker: Security ID: Y0885K108 Meeting Date: FEB 28, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles 92A and 117(a) of the For For Management Articles of Association Re: Licensing Agreement with the Department of Telecommunication and Composition of the Board of Directors, Respectively 2 Amend Clause III Pertaining to Object For For Management Clause of Memorandum of Association Re: License Agreement by the Department of Telecommunication -------------------------------------------------------------------------------- BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD) Ticker: Security ID: Y0885K108 Meeting Date: MAR 20, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Change Company Name to Bharti Airtel Ltd For For Management -------------------------------------------------------------------------------- BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD) Ticker: Security ID: Y0885K108 Meeting Date: NOV 26, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Increase in Limit on Foreign For For Management Shareholding -------------------------------------------------------------------------------- BHARTI AIRTEL LTD(FRMLY BHARTI TELE-VENTURES LTD) Ticker: Security ID: Y0885K108 Meeting Date: SEP 6, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Reappoint R.B. Mittal as Director For For Management 3 Reappoint L. Toon as Director For For Management 4 Approve Price Waterhouse as Auditors and For For Management Authorize Board to Fix Their Remuneration 5 Appoint S.B. Mittal as Director For For Management 6 Appoint R.B. Mittal as Director For For Management 7 Appoint A. Gupta as Director For For Management 8 Approve ESOP Scheme - 2005 for Employees For Against Management and Directors of the Company and Its Subsidiaries 9 Amend Articles of Association For Against Management -------------------------------------------------------------------------------- CHINA MOBILE (HONG KONG) LIMITED Ticker: CHLKF Security ID: Y14965100 Meeting Date: MAY 18, 2006 Meeting Type: Annual Record Date: MAY 15, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Final Dividend of HK$ 0.57 Per For For Management Share 3a Reelect Lu Xiangdong as Director For For Management 3b Reelect Xue Taohai as Director For For Management 3c Reelect Sha Yuejia as Director For For Management 3d Reelect Liu Aili as Director For For Management 3e Reelect Xin Fanfei as Director For For Management 3f Reelect Xu Long as Director For For Management 3g Reelect Lo Ka Shui as Director For For Management 3h Reelect Moses Cheng Mo Chi as Director For For Management 4 Reappoint KPMG as Auditors and Authorize For For Management Board to Fix Their Remuneration 5 Authorize Repurchase of Up to 10 Percent For For Management of Issued Share Capital 6 Approve Issuance of Equity or For Against Management Equity-Linked Securities without Preemptive Rights 7 Authorize Reissuance of Repurchased For For Management Shares 8 Change Company Name from China Mobile For For Management (Hong Kong) Limited to China Mobile Limited -------------------------------------------------------------------------------- CHINA NETCOM GROUP CORP HONGKONG LTD Ticker: Security ID: Y1505N100 Meeting Date: OCT 25, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Acquisition by the Company of the For For Management Entire Issued Share Capital of China Netcom Group New Horizon Communications Corp. (BVI) Ltd. at a Consideration of RMB 12.8 Billion 2 Approve Continuing Connected Transactions For For Management Contemplated Under the Engineering and Information Technology Services Agreement and Materials Procurement Agreement; and the Relevant Annual Caps 3 Approve Continuing Connected Transactions For For Management Contemplated Under the Domestic Interconnection Settlement Agreement and the International Long Distance Voice Services Settlement Agreement -------------------------------------------------------------------------------- CHINA TELECOM CORPORATION LTD Ticker: Security ID: Y1505D102 Meeting Date: MAY 23, 2006 Meeting Type: Annual Record Date: APR 21, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports and Authorize Board to Prepare the Budget for 2006 2 Approve Final Dividend and Profit For For Management Distribution Proposal 3 Reappoint KPMG and KPMG Huazen as For For Management International and Domestic Auditors Respectively, and Authorize Board to Fix Their Remuneration 4 Approve Resignation of Wei Leping as For For Management Executive Director 5a Authorize Issuance of Short-Term For Against Management Commercial Papers with a Maximum Outstanding Repayment Amount of RMB 30.0 Billion and RMB 40.0 Billion (Issue) 5b Authorize Board to Determine the Specific For Against Management Terms, Conditions and Other Matters of the Issue and Do All Acts and Steps Necessary to Execute the Issue 6 Approve Issuance of Equity or For Against Management Equity-Linked Securities without Preemptive Rights 7 Approve Increase in Registered Capital to For Against Management Reflect the Issue of Shares under the General Mandate and Amend the Articles to Reflect Such Increase -------------------------------------------------------------------------------- CHINA TELECOM CORPORATION LTD Ticker: Security ID: Y1505D102 Meeting Date: OCT 18, 2005 Meeting Type: Special Record Date: SEP 16, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Authorize Issue of Short Term Commercial For For Management Paper in One or More Tranches with a Maximum Outstanding Repayment Amount of RMB30 Billion and the First Tranche of Issue Expected Not to Exceed RMB10 Billion 2 Authorize Board to Determine Specific For For Management Terms, Conditions and Other Matters Relating to the Issuance of the Short Term Commercial Paper and Do Acts and Take Steps Necessary for the Issuance of the Short Term Commercial Paper -------------------------------------------------------------------------------- CHINA TELECOM CORPORATION LTD Ticker: Security ID: Y1505D102 Meeting Date: SEP 9, 2005 Meeting Type: Special Record Date: AUG 9, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1a Reelect Wang Xiaochu as Director and For For Management Authorize Board to Fix His Remuneration 1b Reelect Leng Rongquan as Director and For For Management Authorize Board to Fix His Remuneration 1c Reelect Wu Andi as Director and Authorize For For Management Board to Fix Her Remuneration 1d Reelect Zhang Jiping as Director and For For Management Authorize Board to Fix His Remuneration 1e Reelect Huang Wenlin as Director and For For Management Authorize Board to Fix Her Remuneration 1f Reelect Li Ping as Director and Authorize For For Management Board to Fix His Remuneration 1g Reelect Wei Leping as Director and For For Management Authorize Board to Fix His Remuneration 1h Reelect Yang Jie as Director and For For Management Authorize Board to Fix His Remuneration 1i Reelect Sun Kangmin as Director and For For Management Authorize Board to Fix His Remuneration 1j Reelect Li Jinming as Director and For For Management Authorize Board to Fix His Remuneration 1k Reelect Zhang Youcai as Independent For For Management Non-Executive Director and Authorize Board to Fix His Remuneration 1l Reelect Vincent Lo Hong Sui as For For Management Independent Non-Executive Director and Authorize Board to Fix His Remuneration 1m Reelect Shi Wanpeng as Independent For For Management Non-Executive Director and Authorize Board to Fix His Remuneration 1n Elect Xu Erming as Independent For For Management Non-Executive Director and Authorize Board to Fix His Remuneration 1o Elect Tse Hau Yin, Aloysius as For For Management Independent Non-Executive Director and Authorize Board to Fix His Remuneration 2a Reelect Zhang Xiuqin as Supervisor and For For Management Authorize the Supervisory Committee to Fix Her Remuneration 2b Reelect Zhu Lihao as Supervisor and For For Management Authorize the Supervisory Committee to Fix Her Remuneration 2c Elect Li Jian as Supervisor and Authorize For For Management the Supervisory Committee to Fix His Remuneration 2d Elect Xu Cailiao as Supervisor and For For Management Authorize the Supervisory Committee to Fix His Remuneration 3a Amend Articles Re: Capital Structure For For Management 3b Amend Articles Re: Number of Independent For For Management Directors -------------------------------------------------------------------------------- COMSTAR UNITED TELESYSTEMS Ticker: Security ID: 47972P109 Meeting Date: JUN 30, 2006 Meeting Type: Annual Record Date: JUN 2, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE MEETING PROCEDURE. For For Management 2 APPROVAL OF THE ANNUAL REPORT AND ANNUAL For For Management ACCOUNTING REPORTING, INCLUDING THE PROFIT AND LOSS REPORT. 3 APPROVAL OF THE DISTRIBUTION OF PROFITS For For Management AND LOSS OF JSC COMSTAR - UNITED TELESYSTEMS 2005 FOR THE FINANCIAL YEAR 2005. 4 APPROVAL OF THE PAYOUT OF THE YEARLY 2005 For For Management DIVIDEND FOR THE COMMON SHARES IN AMOUNT OF 62,000,000 RUBLES BEFORE OCTOBER 1, 2006. 5 ELECTION OF DIRECTORS. IF YOU WISH TO For For Management VOTE SELECTIVELY OR CUMULATE, PLEASE CONTACT YOUR REPRESENTATIVE. 6 ELECTION TO JSC COMSTAR - UNITED For For Management TELESYSTEMS 2005 AUDIT COMMITTEE FOR THE YEAR 2006: INOZEMTSEV, VJACHESLAV IVANOVICH. 7 ELECTION TO JSC COMSTAR - UNITED For For Management TELESYSTEMS 2005 AUDIT COMMITTEE FOR THE YEAR 2006: KURMAHOV SHAMIL RAVILYEVICH. 8 ELECTION TO JSC COMSTAR - UNITED For For Management TELESYSTEMS 2005 AUDIT COMMITTEE FOR THE YEAR 2006: PLATOSHIN VASILY VASILYEVICH. 9 APPROVAL OF THE CLOSED JOINT STOCK For For Management COMPANY DELOITTE & TOUCHE AS AUDITOR OF JSC COMSTAR - UNITED TELESYSTEMS FOR 2006. 10 APPROVAL OF JSC COMSTAR - UNITED For Against Management TELESYSTEMS BOARD OF DIRECTORS BYLAWS. 11 APPROVAL OF BYLAWS CONCERNING PREPARATION For Against Management AND CONVENING OF JSC COMSTAR - UNITED TELESYSTEMS BOARD OF DIRECTORS MEETINGS. 12 APPROVAL OF JSC COMSTAR - UNITED For Against Management TELESYSTEMS GENERAL SHAREHOLDERS MEETING BYLAWS. 13 APPROVAL OF MAKING TRANSACTIONS, WHICH For Against Management CAN BE MADE BY THE COMPANY IN THE FUTURE IN THE PROCESS OF CONDUCTING BUSINESS. -------------------------------------------------------------------------------- EGYPTIAN COMPANY FOR MOBILE SERVICES-MOBINIL Ticker: Security ID: M36763106 Meeting Date: DEC 4, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Board Report for Nine Month Period For Did Not Management Ended June 30, 2005 Vote 2 Accept Audditors' Report on Financial For Did Not Management Statements for Nine Month Period Ended Vote June 30, 2005 3 Accept Financial Statements for Nine For Did Not Management Month Period Ended June 30, 2005 Vote 4 Approve Allocation of Income for Nine For Did Not Management Month Period Ended June 30, 2005 Vote 5 Approve Changes to Board for Nine Month For Did Not Management Period Ended June 30, 2005 Vote -------------------------------------------------------------------------------- EGYPTIAN COMPANY FOR MOBILE SERVICES-MOBINIL Ticker: Security ID: M36763106 Meeting Date: SEP 6, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Board Report for Fiscal Year Ended For Did Not Management June 30, 2005 Vote 2 Accept Statutory Report for Fiscal Year For Did Not Management Ended June 30, 2005 Vote 3 Accept Financial Statements for Fiscal For Did Not Management Year Ended June 30, 2005 Vote 4 Approve Allocation of Income for Fiscal For Did Not Management Year Ended June 30, 2005 Vote -------------------------------------------------------------------------------- EMERGING MARKETS TELECOMMUNICATIONS FUNDS, INC., THE Ticker: ETF Security ID: 290890102 Meeting Date: FEB 10, 2006 Meeting Type: Annual Record Date: JAN 11, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Walter Eberstadt For For Management 1.2 Elect Director Phillip Goldstein For For Management 1.3 Elect Director Steven N. Rappaport For For Management 1.4 Elect Director Martin M. Torino For For Management -------------------------------------------------------------------------------- HUTCHISON TELECOMMUNICATIONS INTL LTD Ticker: HTX Security ID: G46714104 Meeting Date: MAY 16, 2006 Meeting Type: Annual Record Date: MAY 9, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2a Reelect FOK Kin-ning, Canning as Director For For Management 2b Reelect Tim PENNINGTON as Director For For Management 2c Reelect Naguib SAWIRIS as Director For For Management 2d Reelect Aldo MAREUSE as Director For For Management 2e Authorize Board to Fix the Remuneration For For Management of Directors 3 Reappoint PricewaterhouseCoopers as For For Management Auditors and Authorize Board to Fix Their Remuneration 4a Approve Issuance of Equity or For Against Management Equity-Linked Securities without Preemptive Rights 4b Authorize Repurchase of Up to 10 Percent For For Management of Issued Share Capital 4c Authorize Reissuance of Repurchased For For Management Shares 5 Approve Share Option Scheme of Hutchison For For Management Essar Limited 6 Approve Share Option Plan of Partner For For Management Communications Company Ltd. -------------------------------------------------------------------------------- INVESTCOM LLC Ticker: Security ID: 46130T102 Meeting Date: JUN 5, 2006 Meeting Type: Annual Record Date: MAY 12, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Elect Taha Mikati, Mohamad Najib Mikati, For For Management Azmi Mikati, Jean-Francois Pontal and Berge Setrakian as Directors 3 Reappoint Ernst & Young as Auditors and For For Management Fix Their Remuneration 4 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- ITISSALAT AL-MAGHRIB (MAROC TELECOM) Ticker: Security ID: F6077E108 Meeting Date: MAR 30, 2006 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements and For Did Not Management Discharge of Directors for Fiscal Year Vote Ended 12-31-05 2 Accept Consolidated Financial Statements For Did Not Management and Statutory Reports for Fiscal Year Vote Ended 12-31-05 3 Approve Special Auditors' Report Re: For Did Not Management Related Party Transactions Vote 4 Approve Allocation of Income and For Did Not Management Dividends in the Amount of DH 6,96 per Vote Share for Fiscal Year 2005 5 Ratify Appointment of M. Chakib Benmoussa For Did Not Management as Director Vote 6 Authorize Reduction in Stated Capital Via For Did Not Management the Reduction of Share Par Value Vote 7 Amend Article 4 of the Company Bylaws For Did Not Management Vote 8 Authorize Issuance of Options or Warrants For Did Not Management with Preemptive Rights Vote 9 Authorize Board to Ratify and Execute For Did Not Management Approved Resolutions Vote -------------------------------------------------------------------------------- MAGYAR TELEKOM (FRM. MATAV RT) Ticker: Security ID: X5215H163 Meeting Date: NOV 7, 2005 Meeting Type: Special Record Date: OCT 27, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement with T-Mobile For Did Not Management Hungary (Wholly-Owned Subsidiary) Vote 2 Transact Other Business For Did Not Management Vote -------------------------------------------------------------------------------- MTN GROUP LTD.(FORMERLY M-CELL) Ticker: Security ID: S8039R108 Meeting Date: AUG 10, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Year Ended March 31, 2005 2 Approve Simultaneous Re-Appointment of For Against Management Retiring Directors 3.1 Reelect D.D.B. Band as Director For For Management 3.2 Reelect R.S. Dabengwa as Director For For Management 3.3 Reelect P.L. Heinamann as Director For For Management 3.4 Reelect A.F. van Bilijon as Director For For Management 4 Elect M.A. Moses as Director Appointed For For Management During the Year 5 Authorize Repurchase of Up to 10 Percent For For Management of Issued Share Capital 6 Place Authorized But Unissued Shares For For Management under Control of Directors 7 Approve Issuance of Shares without For For Management Preemptive Rights up to a Maximum of 10 Percent of Issued Capital 8 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- MTN GROUP LTD.(FORMERLY M-CELL) Ticker: Security ID: S8039R108 Meeting Date: JUN 13, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Year Ended December 31, 2005 2.1 Reelect R.D. Nisbet as Director For For Management 2.2 Reelect J.H.N. Strydom as Director For For Management 3.1 Elect K. Kaylan as Director Appointed For For Management During the Year 3.2 Elect C.O. Kolade as Director Appointed For For Management During the Year 3.3 Elect M.J.N. Njeke as Director Appointed For For Management During the Year 3.4 Elect M. Ramphele as Director Appointed For For Management During the Year 3.5 Elect A. Sharbatley as Director Appointed For For Management During the Year 3.6 Elect P.L. Woicke as Director Appointed For For Management During the Year 4 Place Authorized But Unissued Shares For For Management under Control of Directors 5 Approve Issuance of Equity or For For Management Equity-Linked Securities without Preemptive Rights up to a Maximum of 10 Percent of Issued Capital 6 Approve Remuneration of Directors For For Management 7 Authorize Repurchase of Up to 10 Percent For For Management of Issued Share Capital 8 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- MTN GROUP LTD.(FORMERLY M-CELL) Ticker: Security ID: S8039R108 Meeting Date: JUN 27, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Acquisition of Investcom LLC by For For Management MTN Mauritius 2 Approve Issuance of 204.3 Million New MTN For For Management Group Shares in Connection with the Acquisition 3 Approve Listing of New MTN Group Shares For For Management on the Johannesburg Stock Exchange 4 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- NII HOLDINGS, INC. Ticker: NIHD Security ID: 62913F201 Meeting Date: APR 26, 2006 Meeting Type: Annual Record Date: MAR 21, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Carolyn Katz For For Management 1.2 Elect Director Donald E. Morgan For For Management 1.3 Elect Director George A. Cope For For Management 2 Increase Authorized Common Stock For For Management 3 Ratify Auditors For For Management 4 Adjourn Meeting For Against Management -------------------------------------------------------------------------------- ORASCOM TELECOM HOLDING Ticker: Security ID: M7526D107 Meeting Date: APR 30, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Board Report for Fiscal Year 2005 For Did Not Management Vote 2 Accept Financial Statements for Fiscal For Did Not Management Year 2005 Vote 3 Accept Statutory Reports for Fiscal Year For Did Not Management 2005 Vote 4 Approve Allocation of Income for Fiscal For Did Not Management Year 2005 Vote 5 Approve Director Indemnification for For Did Not Management Fiscal Year 2005 Vote 6 Approve Bonuses and Allowances of For Did Not Management Directors for Fiscal Year 2006 Vote 7 Approve Auditors and Fix Their For Did Not Management Remuneration for Fiscal Year 2006 Vote 8 Authorize Board to Sign Third Party For Did Not Management Contracts with Sister and Subsidiary Vote Companies 9 Authorize Board to Sign Loan Contracts, For Did Not Management Mortgage Contracts, and Issuance Vote Guarantees to Borrowers for the Company and Sister and Subsidiary Companies 10 Approve Donations Made in Fiscal Year For Did Not Management 2005 and Authorize Board to Make Vote Donations in Fiscal Year 2006 11 Approve Changes to Board For Did Not Management Vote -------------------------------------------------------------------------------- ORASCOM TELECOM HOLDING Ticker: Security ID: M7526D107 Meeting Date: NOV 1, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Ratification of the Board of Directors' For Did Not Management Report on the Activities of the Company Vote for the First Half of the Financial Year Ending December 31, 2005 2 Ratification of the Auditor's Report on For Did Not Management the Balance Sheet and Income Statement of Vote the Company for First Half of the Financial Year ending December 31, 2005 3 Approval of the Balance Sheet and Income For Did Not Management Statement of the Company for First Half Vote of the Financial Year Ending December 31, 2005 4 Consider the Board of Director's Proposal For Did Not Management Re: Dividend Distribution for First Half Vote of the Financial Year Ending December 31, 2005 5 Ratify Changes to the Membership of the For Did Not Management Board of Directors of the Company and Vote Reconstitution of the Board of Directors -------------------------------------------------------------------------------- PHILIPPINE LONG DISTANCE TELEPHONE CO. Ticker: PHI Security ID: 718252109 Meeting Date: JUN 13, 2006 Meeting Type: Annual Record Date: APR 17, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Audited Financial Statements for For For Management the Period Ending Dec. 31, 2005 Contained in the Company's 2005 Annual Report 2.1 Elect Bienvenido F. Nebres as Director For For Management 2.2 Elect Oscar S. Reyes as Director For For Management 2.3 Elect Pedro E. Roxas as Director For For Management 2.4 Elect Alfred Vy Ty as Director For For Management 2.5 Elect Antonio O. Cojuangco as Director For For Management 2.6 Elect Helen Y. Dee as Director For For Management 2.7 Elect Ray C. Espinosa as Director For For Management 2.8 Elect Tatsu Kono as Director For For Management 2.9 Elect Napoleon L. Nazareno as Director For For Management 2.10 Elect Manuel V. Pangilinan as Director For For Management 2.11 Elect Corazon S. de la Paz as Director For For Management 2.12 Elect Albert F. del Rosario as Director For For Management 2.13 Elect Shigeru Yoshida as Director For For Management -------------------------------------------------------------------------------- PT INDOSAT, INDONESIAN SATELLITE CORPORATION Ticker: Security ID: Y7130D110 Meeting Date: DEC 22, 2005 Meeting Type: Special Record Date: DEC 6, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Deputy President Director For For Management -------------------------------------------------------------------------------- PT INDOSAT, INDONESIAN SATELLITE CORPORATION Ticker: Security ID: Y7130D110 Meeting Date: JUN 29, 2006 Meeting Type: Annual Record Date: JUN 6, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends of IDR 154.2 Per Share 3 Approve Remuneration of Commissioners For For Management 4 Approve Prasetio Sarwoko & Sandjaja as For For Management Auditors and Authorize Board to Fix Their Remuneration -------------------------------------------------------------------------------- PT TELEKOMUNIKASI INDONESIA TBK Ticker: Security ID: Y71474137 Meeting Date: DEC 21, 2005 Meeting Type: Special Record Date: DEC 5, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles of Association For Against Management 2 Authorize Share Repurchase Program For For Management 3 Approve Remuneration of Directors For For Management -------------------------------------------------------------------------------- PT TELEKOMUNIKASI INDONESIA TBK Ticker: Security ID: Y71474137 Meeting Date: JUN 30, 2006 Meeting Type: Annual Record Date: JUN 7, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Annual Report For For Management 2 Approve Financial Statements and For For Management Discharge of Directors and Commissioners 3 Approve Allocation of Income and For For Management Dividends of IDR 152 Per Share 4 Approve Siddharta Siddharta & Widjaja as For For Management Auditors and Authorize Board to Fix Their Remuneration 5 Elect Commissioners For For Management 6 Approve Remuneration of Directors and For For Management Commissioners 7 Elect Directors For For Management -------------------------------------------------------------------------------- RBK INFORMATION SYSTEMS JSC Ticker: Security ID: 75523Q102 Meeting Date: JUN 29, 2006 Meeting Type: Written Consent Record Date: MAY 23, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 TO APPROVE THE COMPANY S ANNUAL REPORT, For For Management ANNUAL ACCOUNTING STATEMENT, INCLUDING A PROFIT AND LOSS STATEMENT (PROFIT AND LOSS ACCOUNTS). NOT TO PAY DIVIDENDS FOR 2005. TO ALLOCATE THE COMPANY S NET PROFIT FOR COVERING PREVIOUS LOSSES. 2 TO APPROVE A NEW EDITION OF THE ARTICLES For Against Management OF ASSOCIATION OF THE COMPANY. 3 ELECT TO THE AUDIT AND COMPLIANCE For For Management COMMISSION: ALEXANDRA SAVCHENKO. 4 ELECT TO THE AUDIT AND COMPLIANCE For For Management COMMISSION: TATYANA KNYAZEVA. 5 ELECT TO THE AUDIT AND COMPLIANCE For For Management COMMISSION: ELENA ASHITKO. 6 APPROVE AS THE AUDITOR: AUDITING COMPANY For For Management KPMG LIMITED FOR INTERNATIONAL AUDITING. 7 APPROVE AS THE AUDITOR: OOO ONLINE AUDIT For For Management FOR AUDITING UNDER RUSSIAN STANDARDS. 8 TO APPROVE A LOAN OF 160,000 (ONE HUNDRED For For Management SIXTY THOUSAND) RUBLES FROM THE COMPANY TO THE AUTONOMOUS NON-PROFIT ORGANIZATION STEERING COMMITTEE OF THE BRAND OF THE YEAR AWARD, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO 9 TO APPROVE A LOAN OF 697,000 (SIX HUNDRED For For Management NINETY SEVEN THOUSAND) RUBLES FROM THE COMPANY TO OOO MERKOT, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 10 TO APPROVE A LOAN OF 720,000 (SEVEN For For Management HUNDRED TWENTY THOUSAND) RUBLES FROM THE COMPANY TO OOO MERKOT, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 11 TO APPROVE A LOAN OF 6,500 (SIX THOUSAND For For Management FIVE HUNDRED) RUBLES FROM THE COMPANY TO THE NATIONAL AWARD COMMITTEE AUTONOMOUS NON-PROFIT ORGANIZATION, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 12 TO APPROVE A LOAN OF 240,000,000 (TWO For For Management HUNDRED FORTY MILLION) RUBLES FROM THE COMPANY TO ZAO RBC HOLDING, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 13 TO APPROVE A LOAN OF 154,000,000 (ONE For For Management HUNDRED FIFTY FOUR MILLION) RUBLES FROM THE COMPANY TO ITS SUBSIDIARY ZAO RBC HOLDING, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 14 TO APPROVE A LOAN OF 400,000 (FOUR For For Management HUNDRED THOUSAND) RUBLES FROM THE COMPANY TO OOO RBC PRO, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 15 TO APPROVE A LOAN OF 1,300,000 (ONE For For Management MILLION THREE HUNDRED THOUSAND) RUBLES FROM THE COMPANY TO OOO RBC PRO, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 16 TO APPROVE A LOAN OF 300,000 (THREE For For Management HUNDRED THOUSAND) RUBLES FROM THE COMPANY TO OOO SMTP PRESS, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 17 TO APPROVE A LOAN OF 11,000,000 (ELEVEN For For Management MILLION) RUBLES FROM THE COMPANY TO OOO SMTP PRESS, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 18 TO APPROVE A LOAN OF 3,000,000 (THREE For For Management MILLION) RUBLES FROM THE COMPANY TO OOO SMTP PRESS, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 19 TO APPROVE A LOAN OF 10,000,000 (TEN For For Management MILLION) RUBLES FROM THE COMPANY TO OOO SMTP PRESS, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 20 TO APPROVE A LOAN OF 12,000,000 (TWELVE For For Management MILLION) RUBLES FROM THE COMPANY TO OOO SMTP PRESS, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE LENDER, OAO RBC INFORMATION SYSTEMS. 21 TO APPROVE A LOAN OF 5,000,000 (FIVE For For Management MILLION) RUBLES FROM THE COMPANY TO OOO SMTP PRESS, AT AN ANNUAL INTEREST RATE OF 6% (SIX PERCENT). BENEFICIARY IS THE 22 TO APPROVE TRANSACTIONS THAT MAY BE For For Management CONCLUDED IN FUTURE IN THE NORMAL COURSE OF THE COMPANY S BUSINESS BETWEEN THE COMPANY, ALL AS MORE FULLY DESCRIBED IN 23 TO ELECT THE COMPANY S BOARD OF For For Management DIRECTORS. -------------------------------------------------------------------------------- SIBIRTELECOM (FRMLY ELEKTROSVYAZ NOVOSIBIRSK) Ticker: Security ID: X78131103 Meeting Date: JUN 19, 2006 Meeting Type: Annual Record Date: MAY 1, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Annual Report, Financial For For Management Statements, and Allocation of Income 2 Approve Dividends For For Management 3.1 Elect Nikolay Arutyunov as Director For For Management 3.2 Elect Konstantin Beliaev as Director For Against Management 3.3 Elect Andrey Beskorovainy as Director For Against Management 3.4 Elect Yury Bovkun as Director For Against Management 3.5 Elect Ivan Deriabin as Director For Against Management 3.6 Elect Vladimir Dudchenko as Director For For Management 3.7 Elect Alexander Ermolich as Director For Against Management 3.8 Elect Elena Zabuzova as Director For Against Management 3.9 Elect Lola Kabilova as Director For Against Management 3.10 Elect Sergey kalinin as Director For Against Management 3.11 Elect Gennady Kovalenko as Director For Against Management 3.12 Elect Sergey Kuznetsov as Director For Against Management 3.13 Elect Yury Lepikhov as Director For Against Management 3.14 Elect Andrey Morozov as Director For For Management 3.15 Elect Anatoly Nikulin as Director For Against Management 3.16 Elect Igor Pozhidaev as Director For Against Management 3.17 Elect Igor Polovnev as Director For For Management 3.18 Elect Igor Repin as Director For For Management 3.19 Elect Sergey Sitnikov as Director For Against Management 3.20 Elect Vladimir Statyin as Director For For Management 3.21 Elect Evgeny Chechelnitsky as Director For Against Management 3.22 Elect Dmitry Shtykov as Director For Against Management 3.23 Elect Oleg Yastrebov as Director For Against Management 4.1 Elect Natalya Vorobyeva as Member of For For Management Audit Commission 4.2 Elect Alexey Kopyev as Member of Audit For For Management Commission 4.3 Elect Olga Koroleva as Member of Audit For Against Management Commission 4.4 Elect Igor Polovnev as Member of Audit For Against Management Commission 4.5 Elect Elena Selvich as Member of Audit For For Management Commission 4.6 Elect Vyacheslav Charkovsky as Member of For For Management Audit Commission 4.7 Elect Alexander Shevchuk as Member of For For Management Audit Commission 5 Ratify Auditor For For Management 6 Approve Remuneration of Directors For For Management 7 Amend Charter For For Management 8 Amend Regulations on Audit Commission For For Management -------------------------------------------------------------------------------- SISTEMA JSFC Ticker: Security ID: 48122U105 Meeting Date: JUN 30, 2006 Meeting Type: Annual Record Date: MAY 15, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve AGM Procedures For For Management 2 Approve Financial Statements and For For Management Statutory Reports 3 Approve Allocation of Income and For For Management Dividends 4 Approve Remuneration of Directors For For Management 5.1 Elect Alexander Goncharuk as Director For Abstain Management 5.2 Elect Alexander Gorbatovskiy as Director For For Management 5.3 Elect Sergey Drozdov as Director For Abstain Management 5.4 Elect Vladimir Evtushenkov as Director For Abstain Management 5.5 Elect Dmitry Zubov as Director For Abstain Management 5.6 Elect Ron Summer as Director For For Management 5.7 Elect Vyacheslav Kopiev as Director For Abstain Management 5.8 Elect Alexander Leiviman as Director For Abstain Management 5.9 Elect Nikolay Mikhailov as Director For For Management 5.10 Elect Evgeny Novitsky as Director For Abstain Management 5.11 Elect Stephan Newhouse as Director For For Management 6.1 Elect Vyacheslav Inozemtsev as Member of For For Management Audit Commission 6.2 Elect Elena Rudova as Member of Audit For For Management Commission 6.3 Elect Vsevolod Rosanov as Member of Audit For For Management Commission 7 Ratify JSC Audit-Garantee-M as Auditor of For For Management Company's Accounts Prepared in Accordance with Russian Accounting Standards; Ratify Deloitte & Touche Regional Consulting Services Ltd. as Auditor of Company's Accounts Prepared in Accordance with U.S. GAAP 8 Amend Charter For Against Management 9 Approve 50:1 (Fifty New Shares for Each For For Management Share Currently Held) Stock Split 10 Approve Regulations on Management For Against Management 11 Approve Regulations on General Director For Against Management 12 Approve Regulations on Remuneration of For For Management Board of Directors 13 Amend Regulations on General Meetings For Against Management -------------------------------------------------------------------------------- SISTEMA JSFC Ticker: Security ID: 48122U204 Meeting Date: JUN 30, 2006 Meeting Type: Annual Record Date: MAY 15, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve AGM Procedures For For Management 2 Approve Financial Statements and For For Management Statutory Reports 3 Approve Allocation of Income and For For Management Dividends 4 Approve Remuneration of Directors For For Management 5.1 Elect Alexander Goncharuk as Director For Abstain Management 5.2 Elect Alexander Gorbatovskiy as Director For For Management 5.3 Elect Sergey Drozdov as Director For Abstain Management 5.4 Elect Vladimir Evtushenkov as Director For Abstain Management 5.5 Elect Dmitry Zubov as Director For Abstain Management 5.6 Elect Ron Summer as Director For For Management 5.7 Elect Vyacheslav Kopiev as Director For Abstain Management 5.8 Elect Alexander Leiviman as Director For Abstain Management 5.9 Elect Nikolay Mikhailov as Director For For Management 5.10 Elect Evgeny Novitsky as Director For Abstain Management 5.11 Elect Stephan Newhouse as Director For For Management 6.1 Elect Vyacheslav Inozemtsev as Member of For For Management Audit Commission 6.2 Elect Elena Rudova as Member of Audit For For Management Commission 6.3 Elect Vsevolod Rosanov as Member of Audit For For Management Commission 7 Ratify JSC Audit-Garantee-M as Auditor of For For Management Company's Accounts Prepared in Accordance with Russian Accounting Standards; Ratify Deloitte & Touche Regional Consulting Services Ltd. as Auditor of Company's Accounts Prepared in Accordance with U.S. GAAP 8 Amend Charter For Against Management 9 Approve 50:1 (Fifty New Shares for Each For For Management Share Currently Held) Stock Split 10 Approve Regulations on Management For Against Management 11 Approve Regulations on General Director For Against Management 12 Approve Regulations on Remuneration of For For Management Board of Directors 13 Amend Regulations on General Meetings For Against Management -------------------------------------------------------------------------------- SISTEMA JSFC Ticker: Security ID: 48122U105 Meeting Date: OCT 21, 2005 Meeting Type: Special Record Date: SEP 19, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVE THE RELATED PARTY TRANSACTION For For Management (INTEREST OF V.S. LAGUTIN, THE MEMBER OF BOARD OF DIRECTORS, SISTEMA JSFC) - THE PURCHASE CONTRACT TO BE SIGNED AT ALLOCATION OF ADDITIONAL GENERAL AND REGISTERED STOCK OF COMSTAR - JOINT TELESYSTEMS BETWEEN SISTEMA -------------------------------------------------------------------------------- SK TELECOM Ticker: SKMTF Security ID: Y4935N104 Meeting Date: MAR 10, 2006 Meeting Type: Annual Record Date: DEC 31, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Year-End Dividend of KRW 8000 Per Share 2 Amend Articles of Incorporation to Expand For For Management Business Objectives 3 Approve Limit on Remuneration of For For Management Directors 4 Elect Members of Audit Committee For For Management -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: APR 11, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-05 2 Approve Allocation of Income, Dividends For For Management and Interest on Capital, and Capital Budget 3 Elect Members to the Board of Directors For For Management 4 Elect Supervisory Board Members and For For Management Alternates 5 Approve Remuneration of Directors and For For Management Supervisory Board -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: APR 28, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Acquisition of HiCorp For For Management Comunicacoes Corporativas S.A. -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: MAR 30, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Accounting Adjustment for For For Management Interest on Capital up to BRL 800 Million for 2006 -------------------------------------------------------------------------------- TELEKOMUNIKACJA POLSKA S.A. Ticker: Security ID: X6669J101 Meeting Date: APR 28, 2006 Meeting Type: Annual Record Date: APR 21, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Open Meeting None Did Not Management Vote 2 Elect Meeting Chairman For Did Not Management Vote 3 Acknowledge Proper Convening of Meeting For Did Not Management Vote 4 Approve Agenda of Meeting For Did Not Management Vote 5 Elect Members of Vote Counting Commission For Did Not Management Vote 6.1 Receive Financial Statements and None Did Not Management Management Board Report on Company's Vote Operations in 2005 6.2 Receive Management Board Proposal None Did Not Management Regarding Allocation of Income and Vote Payment of Dividends 6.3 Receive Supervisory Board Report None Did Not Management Vote 6.4 Receive Supervisory Board Evaluation of None Did Not Management Company's Standing Vote 6.5 Receive Management Board Proposal None Did Not Management Regarding Covering of Losses from Vote Previous Years 6.6 Receive Consolidated Financial Statements None Did Not Management and Management Board Report on Vote Telekomunikacja Polska Capital Group's Operations in 2005 6.7 Receive Supervisory Board Report on None Did Not Management Consolidated Financial Statements and Vote Management Board Report on Telekomunikacja Polska Capital Group's Operations in 2005 6.8 Receive Report on Supervisory Board's None Did Not Management Activities Vote 7.1 Approve Management Board Report on For Did Not Management Company's Operations in 2005 Vote 7.2 Approve Financial Statements For Did Not Management Vote 7.3 Approve Allocation of Income and For Did Not Management Dividends of PLN 1 Per Share Vote 7.4 Approve Covering of Losses from Previous For Did Not Management Years Vote 7.5 Approve Management Board Report on For Did Not Management Telekomunikacja Polska Capital Group's Vote Operations in 2005 7.6 Approve Consolidated Financial Statements For Did Not Management Vote 7.7 Approve Discharge of Management and For Did Not Management Supervisory Boards Vote 8.1 Approve Issuance of Convertible Bonds (as For Did Not Management Part of Incentive Plan for Key Employees) Vote 8.2 Approve Creation of PLN 21.4 Million Pool For Did Not Management of Conditional Capital to Guarantee Vote Conversion Rights (in Connection with Proposed Incentive Plan) 8.3 Amend Statute Re: PLN 21.4 Million For Did Not Management Increase in Share Capital (in Connection Vote with Proposed Incentive Plan) 8.4 Receive Management Board Explanation None Did Not Management Regarding Exclusion of Preemptive Rights Vote and Means of Determining Share Issue Price (in Connection with Proposed Incentive Plan) 8.5 Disapply Preemptive Rights with Respect For Did Not Management to Issuance of Series B Shares (in Vote Connection with Proposed Incentive Plan) 9 Elect Supervisory Board For Did Not Management Vote 10 Close Meeting None Did Not Management Vote -------------------------------------------------------------------------------- TELEKOMUNIKACJA POLSKA S.A. Ticker: Security ID: X6669J101 Meeting Date: JUL 18, 2005 Meeting Type: Special Record Date: JUL 11, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Open Meeting None Did Not Management Vote 2 Elect Meeting Chairman For Did Not Management Vote 3 Acknowledge Proper Convening of Meeting For Did Not Management Vote 4 Approve Agenda of Meeting For Did Not Management Vote 5 Elect Members of Vote Counting Commission For Did Not Management Vote 6 Amend Statute Re: Editorial Changes For Did Not Management Vote 7 Approve Unified Text of Statute For Did Not Management Vote 8 Accept International Accounting Standards For Did Not Management as Official Accounting Standards for Vote Preparing Company's Financial Statements 9 Approve Remuneration of Supervisory Board For Did Not Management Vote 10 Close Meeting None Did Not Management Vote -------------------------------------------------------------------------------- TELKOM SA Ticker: Security ID: S84197102 Meeting Date: OCT 21, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Year Ended March 31, 2005 2 Approve Simultaneous Re-Appointment of For Against Management Retiring Directors 3.1 Reelect T.F. Mosololi as Director For For Management 3.2 Reelect B. du Plessis as Director For For Management 3.3 Reelect P.S.C. Luthuli as Director For For Management 4 Ratify Ernst & Young as Auditors For For Management 5 Authorize Repurchase of Up to 20 Percent For For Management of Issued Share Capital 6 Amend Articles of Association Re: General For Against Management Matters -------------------------------------------------------------------------------- TRUE CORPORATION PCL (FORMERLY TELECOM ASIA CORP. PLC) Ticker: Security ID: Y3187S100 Meeting Date: APR 11, 2006 Meeting Type: Annual Record Date: MAR 22, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Minutes of Previous EGM For For Management 2 Accept 2005 Operation Results For For Management 3 Accept Financial Statements and Statutory For For Management Reports 4 Approve Non-Allocation of Income and For For Management Omission of Dividends 5 Elect Vitthya Vejjajiva, Kosol For For Management Petchsuwan, Joti Bhokavanij, Dhanin Chearavanont, Supachai Chearavanont, and Lee G. Lam as Directors 6 Approve Remuneration of Directors For Management 7 Approve PricewaterhouseCoopers ABAS Ltd. For For Management as Auditors and Authorize Board to Fix Their Remuneration 8 Approve Issuance of 36.05 Million For For Management Warrants to Directors, Executives of the Company and/or Its Subsidiaries Under the Employee Stock Option Plan for the Year 2006 (ESOP 2006 Project) 9 Approve Issuance of 36.05 Million For For Management Warrants Under the ESOP 2006 Project to Directors, Executives of the Company and/or Its Subsidiaries that are Allocated with More Than 5 Percent of the Total Number of Warrants Issued 10 Approve Reduction in Registered Capital For For Management to Baht 42.46 Billion By Canceling 431.89 Million Unissued Ordinary Shares 11 Amend Clause 4 of the Memorandum of For For Management Association to Conform with the Decrease in Registered Capital 12 Approve Increase in Registered Capital to For For Management Baht 47.13 Billion By Issuing 467.95 Million New Ordinary Shares 13 Amend Clause 4 of the Memorandum of For For Management Association to Conform with the Increase in Registered Capital 14 Approve Allocation of 36.05 Million New For For Management Ordinary Shares Pursuant to the ESOP 2006 Project, and Issuance of 29.89 Million and 402 Million New Ordinary Shares to Intl. Finance Corp. and for a Private Placement, Respectively 15 Other Business For Against Management -------------------------------------------------------------------------------- TRUE CORPORATION PCL (FORMERLY TELECOM ASIA CORP. PLC) Ticker: Security ID: Y3187S100 Meeting Date: DEC 13, 2005 Meeting Type: Special Record Date: NOV 23, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Minutes of Previous EGM For For Management 2 Approve Acquisition of Shares and For For Management Warrants in United Broadcasting Corporation Public Co. Ltd. and Shares in MKSC World Dot Com Co., Ltd. 3 Other Business For Against Management -------------------------------------------------------------------------------- TRUE CORPORATION PCL (FORMERLY TELECOM ASIA CORP. PLC) Ticker: Security ID: Y3187S100 Meeting Date: JUL 15, 2005 Meeting Type: Special Record Date: JUN 3, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Minutes of Previous AGM For For Management 2 Approve Issuance of Warrants to For For Management Directors, Employees, and Advisors of the Company 3 Approve Issuance of Warrants to For For Management Directors, Employees and Advisors Exceeding Five Percent of the Total Issuance 4 Approve Reduction in Registered Capital For For Management to Baht 42.3 Billion 5 Amend Memorandum of Association to For For Management Reflect Decrease in Registered Capital 6 Approve Increase in Registered Capital to For For Management Baht 46.8 Billion 7 Amend Memorandum of Association to For For Management Reflect Increase in Registered Capital 8 Approve Allotment of New Ordinary Shares For For Management Pursuant to the Increase of the Authorized Capital and Offering of 402 Million Shares on a Private Placement 9 Other Business For Against Management -------------------------------------------------------------------------------- URALSVYAZINFORM Ticker: Security ID: X9520A103 Meeting Date: JUN 22, 2006 Meeting Type: Annual Record Date: MAY 5, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Annual Report, Financial For For Management Statements, and Allocation of Income 2 Approve Dividends of RUB 0.016 Per Common For For Management Share and RUB 0.028 Per Preferred Share 3.1 Elect Vladimir Adzhalov as Director For For Management 3.2 Elect Boris Antonuk as Director For Abstain Management 3.3 Elect Victor Basagin as Director For Abstain Management 3.4 Elect Igor Belikov as Director For Abstain Management 3.5 Elect Alla Grigorieva as Director For Abstain Management 3.6 Elect Vladimir Dudchenko as Director For For Management 3.7 Elect Evgeny Enin as Director For Abstain Management 3.8 Elect Vladimir Kozin as Director For Abstain Management 3.9 Elect Sergey Konkov as Director For Abstain Management 3.10 Elect Olga Koroleva as Director For Abstain Management 3.11 Elect Sergey Kuznetsov as Director For Abstain Management 3.12 Elect Natalya Loginova as Director For Abstain Management 3.13 Elect Andrey Morozov as Director For For Management 3.14 Elect Vladimir Statyin as Director For For Management 3.15 Elect Lubov Timoshenko as Director For Abstain Management 3.16 Elect Anatoly Ufimkin as Director For Abstain Management 3.17 Elect Sergey Chernogorodsky as Director For Abstain Management 3.18 Elect Evgeny Chechelnitsky as Director For Abstain Management 4 Amend Charter For For Management 5 Amend Regulations on General Meetings For For Management 6 Amend Regulations on Audit Commission For For Management 7 Amend Regulations on Board of Directors For For Management 8 Amend Regulations on Management For For Management 9.1 Elect Natalya Belyakova as Member of For For Management Audit Commission 9.2 Elect Svetlana Bocharova as Member of For For Management Audit Commission 9.3 Elect Bogdan Golubitsky as Member of For For Management Audit Commission 9.4 Elect Lidia Kalinina as Member of Audit For For Management Commission 9.5 Elect Evgeny Nechaev as Member of Audit For For Management Commission 9.6 Elect Natalya Feoktistova as Member of For For Management Audit Commission 9.7 Elect Kirill Frolov as Member of Audit For For Management Commission 10 Ratify Ernst & Young, LLC as Auditor For For Management 11 Approve Remuneration of Directors For For Management 12 Terminate Membership in Association of For For Management Federal Business Services Network Operators 'Iskra' 13 Terminate Membership in Association of For For Management Operators of Federal Cellular Network NMT-450 14 Terminate Membership in Association of For For Management Operators of Electric Networks of Ural 15 Terminate Membership in Kurgan Regional For For Management Community Organization 'Association of Accountants and Auditors' -------------------------------------------------------------------------------- URBI DESARROLLOS URBANOS S ADE C V Ticker: Security ID: P9592Y103 Meeting Date: APR 28, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Subdivision of Shares For Against Management 2 Amend Articles Re: Reflect Change in For Against Management Number of Shares in Article 8 as a Result of Share Subdivision in Item 1 3 Accept Financial Statements and Statutory For For Management Reports 4 Elect Directors, Supervisory Board For For Management Members, and Respective Alternates; Approve Their Remuneration 5 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- VIDESH SANCHAR NIGAM LTD. Ticker: VSLSF Security ID: Y9371X128 Meeting Date: MAR 1, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Memorandum of Association Re: For For Management License Agreement with the Department of Telecommunications 2 Amend Articles of Association Re: License For For Management Agreement with the Department of Telecommunications -------------------------------------------------------------------------------- VIVAX SA Ticker: Security ID: P9802C123 Meeting Date: APR 28, 2006 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends 3 Approve Remuneration of Directors For For Management 4 Elect Directors to Fill Vacancies For For Management 5 Amend Article 5 to Increase in Capital For For Management from BRL 419 Million to BRL 478 Million through the Issuance of 2.4 Million Common Shares and 4.8 Million Preferred Shares 6 Consolidate Bylaws For Against Management -------------------------------------------------------------------------------- VIVO PARTICIPACOES SA (FRMLY TELESP CELULAR PARTICIPACOES) Ticker: TCP Security ID: 87952L108 Meeting Date: FEB 22, 2006 Meeting Type: Special Record Date: DEC 20, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 TO APPROVE THE FINANCIAL STATEMENTS OF For For Management TELESP CELULAR PARTICIPACOES S.A. DATED AS OF SEPTEMBER 30, 2005. 2 TO APPROVE A CAPITAL REDUCTION FOR THE For For Management PURPOSES OF ABSORBING THE EXISTING LOSSES WITH POSSIBILITY OF DISTRIBUTING DIVIDENDS. 3 TO APPROVE THE TERMS AND CONDITIONS OF For For Management (I) THE MERGER, OF ALL SHARES OF TCO, IN ORDER TO CONVERT IT INTO A WHOLLY-OWNED SUBSIDIARY; AND (II) THE MERGER, INTO THE COMPANY, TSD, TLE AND CRTPART. 4 TO RATIFY THE APPOINTMENT OF TCO, TSD, For For Management TLE AND CRTPART (I) THE FIRM DELOITTE TOUCHE TOHMATSU, FOR PREPARATION OF THE STATUTORY BOOK VALUE REPORT, (II) THE SPECIALIZED FIRM OF GOLDMAN SACHS & COMPANHIA, FOR THE VALUATION OF THE SHAREHOLDERS EQUITY AND (II 5 TO APPROVE THE REPORTS REFERRED TO IN For For Management ITEM (D) ABOVE. 6 TO APPROVE THE EXCHANGE RATIO OF THE For For Management SHARES ISSUED BY TCO, TSD, TLE AND CRTPART FOR SHARES TO BE ISSUED BY THE COMPANY. 7 TO APPROVE A CAPITAL INCREASE IN For For Management CONNECTION WITH THE MERGER 8 TO CHANGE THE CORPORATE NAME OF THE For For Management COMPANY TO VIVO PARTICIPACOES S.A. -------------------------------------------------------------------------------- VODAFONE EGYPT LTD Ticker: Security ID: M9760T103 Meeting Date: JAN 26, 2006 Meeting Type: Annual Record Date: JAN 23, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Dividends For Did Not Management Vote 2 Authorize Board to Sign Documents For Did Not Management Concerning Company's Final Selling Vote Contracts -------------------------------------------------------------------------------- VODAFONE EGYPT LTD Ticker: Security ID: M9760T103 Meeting Date: JUN 22, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Board Report for Fiscal Year Ended For Did Not Management 3-31-06 Vote 2 Accept Statutory Report for Fiscal Year For Did Not Management Ended 3-31-06 Vote 3 Accept Financial Statements for Fiscal For Did Not Management Year Ended 3-31-06 Vote 4 Approve Dividends of EGP 3.00 Per share For Did Not Management for for Fiscal Year Ended 3-31-06 Vote 5 Ratify Auditors for Fiscal Year Ending For Did Not Management 3-31-07; Determine Auditor Remuneration Vote 6 Approve Discharge of Board for Fiscal For Did Not Management Year Ended 3-31-06 Vote 7 Elect Directors for Fiscal Year Ending For Did Not Management 3-31-07 Vote 8 Approve Attendance Allowances and For Did Not Management Transportation Expenses of Directors to Vote be Paid for Fiscal Year Ending 3-31-07 9 Approve Special Auditors' Report For Did Not Management Regarding Related-Party Transactions for Vote Fiscal Year Ending 3-31-07 10 Authorize Board to Make Donations For Did Not Management Vote SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. The Emerging Markets Telecommunications Fund, Inc. By: /s/ Steven Plump ---------------------------- Steven Plump Chief Executive Officer Date: August 25, 2006