Rostelecom OJSC: Statement re Sergey Kalugin Appointed as President of Rostelecom UK Regulatory Announcement MOSCOW SERGEY KALUGIN APPOINTED AS PRESIDENT OF ROSTELECOM Moscow, Russia – March 27, 2013 – Rostelecom OJSC (the “Group”) (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, announces that its Board of Directors has approved the appointment of Sergey Kalugin as President of Rostelecom, with immediate effect, to succeed Alexander Provotorov who is stepping down. Mr. Kalugin was born in Moscow on November 2, 1966. Sergey Kalugin graduated from the Department of Economics of Lomonosov Moscow State University in 1991. Sergey Kalugin served as CEO of OJSC National Telecommunications (“NTK”), a Rostelecom company and Moscow’s leading broadband operator, from 2007 to 2008 and from 2009 to 2012. Mr. Kalugin has also been Managing Partner at WebMediaGroup since 2009. From 2001 to 2007 Mr. Kalugin was CEO of OJSC National Cable Networks. From 2000, he was also CEO of OJSC RTR-Signal. Prior to that, Mr. Kalugin worked at JSC AB Inkombank, where he became Managing Investment Director having started out as an economist. Sergey Kalugin commented: “It is with a sense of great honour and responsibility that I take up this post as President of one of the largest telecommunications companies in Russia. Through our dedication and efficiency, I am certain that Rostelecom faces a great future.” Alexander Provotorov has worked for Rostelecom since August 2010. A great deal was achieved during his stewardship of Rostelecom, including the creation of a new united Company following the merger of regional telecoms companies including OJSC Dagsvyazinform. During Mr. Provotorov’s tenure, the Company also successfully carried out a project of unprecedented scale in organising the video surveillance of the ballot and subsequent vote counting of the Russian Presidential Elections in March 2012. The Company has also made real progress in the development of its E-government programme by creating the infrastructure it requires to successfully deliver the service. The Company has also made great strides forward towards developing cloud technology solutions, and the Group’s number of broadband subscribers has increased to 9 million, at a time when Rostelecom has also become a market leader in pay-TV services with 6.4 million subscribers. Alexander Provotorov added: “I am extremely proud to have had the opportunity to work for a unique company, a trend-setter for the whole Russian telecommunications sector. Together, we have been able to achieve great things, which have been made possible by our team’s sense of professionalism, self-sacrifice and responsibility.” * * * For more information please visit http://www.rostelecom.ru/en/ir or contact: “Rostelecom Investor Relations / Rostelecom IR” application for iPhone and iPad is now available to download for free from the Apple App Store via: https://itunes.apple.com/ru/app/rostelecom-investor-relations/id596370946?mt=8. Investor Relations Department Tel. +7 (499) 995 97 80 firstname.lastname@example.org * * * Rostelecom (www.rostelecom.ru) is Russia’s largest national telecommunications operator with presence in all Russian regions. The Group is a universal operator and undisputable leader of broadband and pay-TV markets in Russia with over 9 million fixed-line broadband subscribers and over 6 million pay-TV subscribers. As Rostelecom develops its mobile data networks, its position as a major mobile operator is growing with over 13 million currently subscribed to Rostelecom’s mobile voice services. The Company currently has approximately 28 million local fixed-line voice subscribers and it is the leader in the corporate and government services segment. The Group is also an important innovator that provides solutions in the field of medicine, E-Government, cloud computing and education. Rostelecom was assigned a ‘BBB-’ and ‘BB+’ international credit ratings by Fitch Ratings and Standard & Poor’s respectively, both with a ‘Stable’ outlook. The Group generated RUB 238.7 billion of consolidated revenues, RUB 94.0 billion of OIBDA (39.4% of revenues) and RUB 30.6 billion of net income for the nine months ended September 30, 2012. * * * Certain statements in this press release are forward-looking statements within the meaning of the U.S. federal securities laws and are intended to be covered by the safe harbors created thereby. Those forward-looking statements include, but are not limited to: *Management’s assessment of the Company’s future operating and financial results as well as forecasts of the present value of future cash flows and related factors; *the Company’s anticipated capital expenditures and plans to construct and modernize its network; *the Company’s expectations as to the growth in demand for its services, plans relating to the expansion of the range of its services and their pricing; *the Company’s plans with respect to improving its corporate governance practices; *the Company’s expectations as to its position in the telecommunications market and the development of the market segments within which the Company operates; *economic outlook and industry trends; *the Company’s expectations as to the regulation of the Russian telecommunications industry and assessment of impact of regulatory initiatives on the Company’s activity; *other statements regarding matters that are not historical facts. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include: *risks relating to changes in political, economic and social conditions in Russia as well as changes in global economic conditions; *risks relating to Russian legislation, regulation and taxation, including laws, regulations, decrees and decisions governing the Russian telecommunications industry, securities industry as well as currency and exchange controls relating to Russian entities and their official interpretation by regulatory bodies; *risks relating to the Company, including the achievement of the anticipated results, levels of profitability and growth, ability to create and meet demand for the Company’s services including their promotions, and the ability of the Company to remain competitive in a liberalized telecommunications market; *technological risks associated with the functioning and development of the telecommunications infrastructure, technological innovations as well as the convergence of technologies; *other risks and uncertainties. For a more detailed discussion of these and other factors, see the Company’s Annual Report and the Company’s other public filings. Many of these factors are beyond the Company’s ability to control or predict. Given these and other uncertainties, readers are cautioned not to place undue reliance on any of the forward-looking statements contained herein or otherwise. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements (which are made as of the date hereof) to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable laws. Contact: Rostelecom OJSC
Rostelecom OJSC: Statement re Sergey Kalugin Appointed as President of Rostelecom
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