Rostelecom OJSC Miscellaneous: Rostelecom’s Board of Directors Sets the Date of Annual General Meeting of Shareholders and

  Rostelecom OJSC Miscellaneous: Rostelecom’s Board of Directors Sets the Date
  of Annual General Meeting of Shareholders and Recommends Dividend Payment
  for 2012

UK Regulatory Announcement



Moscow, Russia – April 26, 2013 – Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP;
OTCQX: ROSYY) (“the Company”), Russia’s national telecommunications operator,
announces that its Board of Directors has set the date for the 2012 Annual
General Meeting of Shareholders (the “AGM”).

According to the Board’s decision, the AGM will be held on June 17, 2013, at
the World Trade Centre’s Congress Centre, 12, Krasnopresnenskaya embankment,

The Board also approved the record date of April 30, 2012, for registered
shareholders eligible to participate in the AGM and entitled to receive the
dividend for 2012.

Rostelecom’s Board of Directors recommended that the AGM approves a 2012
dividend payment of RUB 8.17 billion, or 25% of the Company’s net profit for
2012 in accordance with Russian Accounting Standards (RAS), which amounts to
23.18% of the net profit for 2012 according to the International Financial
Reporting Standards (IFRS), and consists of:

  *RUB 4.1022 per Class A preferred share (a total of 3.05% of 2012 net
    profit under RAS or 2.83% of 2012 net profit under IFRS will be
    distributed as a payment under this share class)
  *RUB 2.4369 per ordinary share (a total of 21.95% of 2012 net profit under
    RAS or 20.35% of 2012 net profit under IFRS will be distributed as a
    payment under this share class)

Ivan Rodionov, Chairman of Rostelecom’s Board of Directors, commented: “The
Board of Directors supported the management’s initiative to keep a substantial
portion of the Company’s net profit for the Company's development by
allocating funds for the use of new technologies and the modernising of
network infrastructure to improve the Company’s competitiveness and guarantee
Rostelecom’s technological leadership within the shortest timeframe.”

The 2013 AGM materials will be available on Rostelecom’s official website 30
days prior to the meeting at

                                    * * *

For more information please visit or contact:

Investor Relations Department

Tel. +7 (499) 995 97 80

                                    * * *

Rostelecom ( 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 9.2 million fixed-line broadband subscribers and over 6.6 million
pay-TV subscribers. As Rostelecom develops its mobile data networks, its
position as a major mobile operator is growing with over 13.5 million
currently subscribed to Rostelecom’s mobile voice services. 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 321.3 billion of consolidated revenues, RUB
118.6 billion of OIBDA (36.9% of revenues) and RUB 35.2 billion of net income
for the twelve months ended December 31, 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
  *the Company’s plans with respect to improving its corporate governance
  *the Company’s expectations as to its position in the telecommunications
    market and the development of the market segments within which the Company
  *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.


Rostelecom OJSC
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