Investor Presentaiton

Rostelecom Assets to be obtained during the merger with Svyazinvest From Svyazinvest From State Property Agency via Svyazinvest¹ Name Share Description Central Telegraph 51% HyproSvyaz 74,99% Broadband provider in Moscow (Qwerty brand) with over 8% market share, CentralTelegraph building of over 20K m² next to Kremlin Name Share Central Telegraph 29% Description Revenues in 2011 amounted to RUB 3.6 bln. Leading engineering company in telecom sector Bashinform 28.2% svyaz SkyLink 100% Kostroma GTS 37,29% United Register 9.0% Company CDMA operator with 1.5 mln mobile voice and 0.5 mobile data subs and 3G licenses for 69 regions Telecom provider in Kostroma and Volgorechensk (fix voice, cable TV, VPN, broadband) Registrator Chukotka Svyazinform 100% Ingushelectro 100% svyaz MMTS - 9 51% Major fix-line provider in Bashkortostan with revenues of RUB 5.87 bln (2011). Good addition to current 39.8% acquired by Rostelecom in 2011 Key telecom provider in Chukotka with reported revenues of over RUB400 mln in 2010 Major telecom provider in Ingushetia Key collocation and hosting provider in Moscow with revenues of over RUB 471 mln in 2010. Good addition to 41.1% already owned by Rostelecom. 1- after State Property agency contributes the assets into Svyazinvest 30 30 www.rostelecom.ru

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