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Rostelecom OJSC: ROSTELECOM LAUNCHES 3G+ NETWORK IN FIVE REGIONS OF THE URALS FEDERAL DISTRICT



  Rostelecom OJSC: ROSTELECOM LAUNCHES 3G+ NETWORK IN FIVE REGIONS OF THE
  URALS FEDERAL DISTRICT

UK Regulatory Announcement

MOSCOW

ROSTELECOM LAUNCHES 3G+ NETWORK IN FIVE REGIONS OF THE URALS FEDERAL DISTRICT

Moscow, Russia – May 14, 2013 – Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP;
OTCQX: ROSYY) (“the Company”), Russia’s national telecommunications operator,
announces the launch of 3G+ networks in the Sverdlovsk, Kurgan and Chelyabinsk
regions, in the south of the Tyumen region and in the Yamalo-Nenets Autonomous
Area. This latest launch follows the recent introduction of 3G+ services in
Perm Krai. Rostelecom subscribers will be able to use their smartphones and
tablets to access internet services and experience faster data transfer
speeds.

Rostelecom’s 3G+ network was installed using HSPA+ technology, providing data
transfer speeds of up to 21MB/s, with the possibility of upgrading the network
to reach speeds of up to 42MB/s if demand requires. The 3G+ network is
LTE-ready, so that only minor modifications will be required before the
Company can roll out its 4G (LTE) network in the future. Thus, a modern,
sustainable, efficient and multi-standard mobile phone network will be
created, which will realise the advantages of all standards, resulting in high
quality voice services and data transfer.

At the first stage of the network’s development in the Urals, 1,020 new
generation base stations were installed in five Ural regions, while almost 400
were built in Perm Krai. 3G+ network services are therefore available in all
major populated areas of the five Ural regions and in Perm Krai.

Ilya Vasketsov, Commercial Director of Rostelecom-Ural commented: “Following
the launch of the 3G+ network, new possibilities and mobile data transfer
speeds have been made available to Rostelecom subscribers. An important
characteristic of our 3G+ network is the high usage of modern optical lines
that run to the base stations themselves, which has been made possible due to
our strong fixed communications network in all the Ural regions.”

Rostelecom is constructing 3G mobile networks in 27 Russian regions. In total,
the Company is planning to establish more than 8,000 base stations. Ericsson
and Huawei are providing technical equipment and solutions for the project.

Rostelecom and its subsidiaries, NCC CJSC, BWC CJSC, ETK CJSC, Sky Link CJSC,
Volgograd-GSM CJSC, AKOS CJSC and Wireless Information Technologies LLC,
provide mobile services in 59 Russian regions to over 13.6 million
subscribers.

                                    * * *

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 9.2 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
    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
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