Rostelecom financial results under RAS for the full year of 2014 are now available on the company’s website

Moscow, Russia – March 02, 2015 – Rostelecom OJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that its financial statements for the full year of 2014, under Russian Accounting Standards (“RAS”), have been made available in the “Investor Relations” section of its corporate website.

The Company would like to draw investors’, shareholders’ and other stakeholders’ attention to certain key points relating to the results for the full year of 2014 which should be taken into account during their analysis.

Rostelecom’s financial results under RAS for the full year of 2014 exclude any contribution from its subsidiaries. The Company’s balance sheet as at December 31, 2014, comprises Rostelecom’s performance, but it also excludes the contributions of its subsidiary companies.

Moreover, when analysing the trends for the full year of 2014 RAS results compared to the same period of 2013, it is essential to take into account the following:

• the merger of Svyazinvest and 20 other joint-stock companies with Rostelecom held on October 1, 2013;
• the spin-off of Rostelecom`s integrated mobile assets into its subsidiary RT-Mobile CJSC held on April 1, 2014.

Rostelecom intends to publish its financial and operational results under IFRS according to the Company’s consolidated statements for the fourth quarter and full year of 2014 on March 16, 2015. These results will include contributions from Rostelecom and its subsidiaries.

Please use the following link to access Rostelecom’s consolidated financial and operational results under IFRS for previous reporting periods:

http://www.rostelecom.ru/ir/results_and_presentations/financials/IFRS/.