Investor Presentaiton

Rostelecom 2 Fixed Broadband: from solid present into bright future Fixed broadband penetration in Russia 79% 69% Moscow 44% 39% 32% St-Pet All Russia Source: Telegeography, 2011, by residential subs Rostelecom *40%* Regions 2012F Rostelecom is a proved leader with 40% market share On-going last mile modernization project shows significant improvement in fiber subscriptions (from 20% in 3Q'11 to 28% in 9M'12) Solid growth in Moscow (from 6% market share in 2011 to 10% as of 1H 2012) - ✓ Average speed for fixed broadband – 5-6 mbit/s, speeds on fiber connection - up to 100 mbit/s Fiber rollout drives IPTV sales (from 350K in 1Q'11 to over 1.2 mln in 9M'12) with over 33 mln HH passed¹... and proved growth in Fiber Subs Subscribers breakdown by type Broadband Leader... Vimpelcom 11% MTS 11% ER- Telecom 10% XDSL Fiber 47% 22% 21% 26% 28% 53% Akado 4% 78% 79% 74% 72% Others 25% Source: ACM Consulting, 2011, by residential subs 1 - the number of HH passed excludes technologies intersections 17 www.rostelecom.ru 4Q2011 1Q2012 2Q2012 3Q2012 XDSL Fiber

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