Investor Presentaiton

Rostelecom Dividend history Total dividend paid 2011 2010 2009 2008 RUB mln. ord pref Rostelecom 13 821 1 140 ord pref ord 810 N-West 559 pref ord pref 435 1 020 510 1414 707 278 521 307 544 321 Center 798 South Volga Grand Total 13 821 1 140 4 882 2 815 14 962 7 697 Dividend per share ord pref Rostelecom 4,70 4,70 2011 2010 2009 2008 ord pref ord pref ord pref 1,11 1,79 1,40 2,10 1,94 2,91 532 759 506 388 259 339 226 277 185 84 56 661 322 639 426 443 295 911 607 610 407 402 268 478 260 352 230 316 207 326 155 326 214 260 221 4 504 2 785 3 851 2 334 6 185 7 289 Dividends payable on the Preferred Shares are fixed by our charter in the amount of 10% of our net profits, based on the year-end RAS statutory accounting report, divided by the number of shares representing 25% of our outstanding shares. Dividends payable on Ordinary Shares must be equal to at least 20% of our net profit for the past fiscal year based on the year-end IFRS financial statements. On June 14, 2012 the AGM approved the following dividends payments: in the amount of RUB 15 bln or 45.95% of 2011 RAS net profit (32.48% of 2011 IFRS net profit), including: 3.5% of 2011 RAS net profit (2.48% of IFRS 2011 net profit) on preferred shares 42.45% of 2011 RAS net profit (30% of IFRS 2011 net profit) on all ordinary shares. Ural Sibir Far-East Total 28 www.rostelecom.ru

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