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Investor Presentaiton

3 DLD/ILD telephony... DLD/ILD traffic, bln minutes 2,7 2,3 2 1,9 1,6 1,2 1 0 2001 2002 2003E 2004E 2005E Healthy DLD/ILD traffic is backed by sustainable growth of foreign direct investment, and development of small and middle-scope businesses. Our revised long-distance tariff policy is another contributor to the traffic growth. URALSVYAZINFORM Strategic investment priorities - potential for growth

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