Merger with RTOs and Svyazinvest

On Annual General Shareholders’ Meeting held on June 26, 2010 the Company’s shareholders approved the reorganization of Rostelecom by merging with and into OJSC “CenterTelecom”, OJSC “Sibirtelecom”, OJSC “Far East Telecom”, OJSC “VolgaTelecom”, OJSC “North-West Telecom”, OJSC “Uralsvyazinform”, OJSC “Southern Telecommunications Company”, as well as OJS Company of Telecommunication and Information of the Republic of Dagestan.

In total, shareholders representing 73.5% of voting (ordinary and preferred) shares participated in voting on the question of reorganization with 97.2 % of these shareholders voting in favour of the reorganization.