Investor Presentaiton

Rostelecom Shareholders' structure: current and target Current structure VNESHECONOMBANK State stake 55,2%¹ ९ 25%+1 Rostelecom Target structure SVYAZ INVEST State Property Agency 99,99% 40,2%¹ 4,6% Mobitel 100% Other Shareholders 1- Percentage of voting shares SKYLINK 2- Will depend on the valuation of Svyazinvest assets & Rostelecom 7 www.rostelecom.ru Other telecom assets VNESHECONOMBANK State stake >50%² Rostelecom <50%² Other Shareholders

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