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Rostelecom’s H1 2010 revenue amounted to RUR 28,467.7 mln, i.e. a 6.8% y-o-y decrease, which was mainly attributable to a decline in revenue from a number of traditional segments.

Southern Telecommunications Company hereby announces that the company has managed to reduce the weighted average interest rate on credits and loans from 9.9% at the beginning of 2010 to 8.17% at present.

The Board of Directors of Rostelecom passed a resolution to approve the appointment of the following officers as members of the Company’s Management Board.

The largest fixed-line telecommunications operator in the Volga Federal District (RTS: NNSI/NNSIP, ÌICEX: VTEL/VTELP, ADR: VLGAY) hereby announces the results of its activities for the first six months of 2010 in accordance with Russian Accounting Standards (RAS).

The members of the Company’s Management Board are as follows...

A meeting of the Board of Directors of Far East Telecom was held, by decision of which the new lineup of the Board was determined and the term of its powers. In accordance with the Company’s Charter, the functions of the Chairman of the Management Board were assigned to Andrey Balatsenko, the General Director of Far East Telecom.

A Board of Directors meeting was held at VolgaTelecom, by decision of which a 13-member lineup of the Company’s Management Board was established. The term of powers of the new composition of the Management Board is from August 1, 2010 until July 31, 2011.

With a 6.1% rise in revenue and thanks to strict cost control the Company managed to reduce its expenses by 3.5% compared to the first six months of 2009, which resulted in a major increase in economic efficiency indicators. Higher revenue was driven by a rise in revenue from datacom and Internet access, mobile telephony and local voice.

The Board of Directors of Sibirtelecom, held a meeting at which the Report on the Results of Shares Presented for Buyback by Shareholders was approved. The total number of shares issued by the Company is 821,986,040. The total number of funds earmarked to buy back shares amounts to RUR 1,520,674,174.00 or 8.13% of the value of the Company’s net assets.

Sibirtelecom – a telecommunications operator in the Siberian Federal District, hereby announces its financial results for the first half of 2010 in accordance with Russian Accounting Standards (RAS).

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