Investor Presentaiton

IPTV Rostelecom Market - focused strategy Cloud Solutions Mobile Broadband 10 ➤ Key driver for fixed broadband Market share 2011 Rostelecom 47% VimpelCom 38% Market growth potential '11-'16 CAGR 2011-2016 16 2 +52% MTS 2011 2016 Other 7% 8% > Unique area of expertise Source: iKS Consulting, IPTV 27 +50% Rostelecom 70% Others 30% 2011 2016 ➤ Access to growth story in mobile Mobile data subs 27% Only voice subs 73% 76 234 +25% 2011 2016 www.rostelecom.ru Source:AC&M Consulting, iKS-Consulting, J'son Consulting Source: iKS-Consulting, J'son Consulting

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