Extraordinary General Meeting

At the Extraordinary General Shareholders’ Meeting held on January 26^th, 2013 in the form of absentee voting shareholders voted to approve the reorganization of Rostelecom in the form of merger with and into Rostelecom of Open Joint Stock Company Svyazinvest, Open Joint Stock Company NATIONAL TELECOMMUNICATIONS, Open Joint Stock Company National Cable Networks, Open Joint Stock Company St. Petersburg Cable Television Company, Closed Joint Stock Company ELKATEL, Open Joint Stock Company National Cable Networks – EuroAsia, Closed Joint Stock Company Novosibirsk Antenna Cable Television Broadcasting, Closed Joint Stock Company Teleset-Service, Closed Joint Stock Company ELTELEKOR, Open Joint Stock Company Mosteleset, Open Joint Stock Company Mostelecom, Closed Joint Stock Company TELESET, Closed Joint Stock Company TELESET INVEST, Open Joint Stock Company TNPKO, Closed Joint Stock Company Simbirsky Telecommunications Systems, Closed Joint Stock Company Svyazinvest, Open Joint Stock Company Russian Telecommunications Network, Closed Joint Stock Company Novgorod Datacom, Closed Joint Stock Company Parma-Inform, Closed Joint Stock Company ENTER and Open Joint Stock Company Ingushelektrosvyaz, as well as the respective merger agreements.

Holders of ordinary and preference shares of record as of May 15, 2013 according to the Company shareholders’ register are entitled to require buyback of all or a portion of their shares by the Company, if they voted “AGAINST” the agenda item No.1 on reorganization or did not participate in the voting on this issue.

The share buyback is effected at the price determined by the Company’s Board of Directors pursuant to clause 3, article 75 of the Federal Law On Joint-Stock Companies.

The buyback price of Rostelecom shares is as follows:

Information on procedure and terms of share buyback is presented in