Rostelecom annual financial report

Moscow, Russia – May 16, 2012 – Rostelecom OJSC (the “Group”) (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, announces that its Annual Financial Report for 2011 along with its interactive version which both include the consolidated^[1] IFRS financial results for 2009-2011 are available on the Company’s website at www.rostelecom.ru/en/ir/results_and_presentations/ar/, in the Investor Relations section.

[1] Combination of consolidated financial statements of North-West Telecom OJSC, CenterTelecom OJSC, Southern Telecommunications Company OJSC, VolgaTelecom OJSC, Uralsvyazinform OJSC, Sibirtelecom OJSC, Far East Telecom OJSC (“RTOs”), Dagsvyazinform OJSC and Rostelecom OJSC, which had been under common control of Svyazinvest OJSC and were merged on April 1, 2011.