Rostelecom OJSC: NEW INVESTOR RELATIONS AND STRATEGIC PLANNING APPOINTMENTS UK Regulatory Announcement MOSCOW NEW INVESTOR RELATIONS AND STRATEGIC PLANNING APPOINTMENTS Moscow, Russia – 25 June, 2013 – Rostelecom OJSC (the “Group”) (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that Maria Florentieva has been appointed Vice President of Strategic Planning and Investor Relations with Ekaterina Ustinova appointed Head of Investor Relations. Ms. Florentieva will sit on the Management Board, and will play a key role in the implementation of Rostelecom’s strategy and Investor Relations efforts. Ms. Ustinova will be responsible for developing Rostelecom’s relationships with the investment community. Sergey Kalugin, President of Rostelecom, commented: “We are constantly challenging ourselves to improve efficiency and business processes across the Group, with a view to delivering maximum shareholder returns. Maria Florentieva’s strong management skills and track record for successfully implementing complex high-tech projects gives her the skill set to play a key role in helping us meet these objectives.” “I would like to welcome Ekaterina Ustinova as Head of Investor Relations. As a public company, Rostelecom is fully committed to maintaining a best practice Investor Relations function, and we wish to maximize our relationships with the investment community and improve transparency for the benefit of all investors. Ekaterina has a wealth of capital markets experience in the investment banking sector and her comprehensive industry expertise which will lead to more informative communications with investors. She will play a vital role in explaining our progress to the financial community. I would also like to thank Masha Eliseeva, following her recent departure as IR Director. Masha played a key role in developing a leading IR function and in successfully communicating great change at Rostelecom to the capital markets," said Maria Florentieva, Vice-President of Rostelecom. Maria Florentieva is a Moscow State University graduate (Economics Faculty) and also holds an MBA from the London Business School. Maria is one of the founders of WebMediaGroup, where she was responsible for Finance, Corporate Development and Investor Relations.Prior to that, she was Director of Corporate Development of "National Telecommunications" and worked in the investment banking industry for more than ten years. Ekaterina Ustinova is a Graduate of the International Economic Relations faculty at MGIMO University. She started her career in banking, and between 2000 and 2006, she worked in a variety of investment banking roles. In 2006, she moved to the National Telecommunications Group of Companies, where she was responsible for the private placement of the company. She has been Head of the Project Office of Rostelecom’s Moscow macro-regional branch since July 2012, where she has been working on integrating Rostelecom’s assets on the Moscow market. * * 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 email@example.com * * * 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 9.5 million fixed-line broadband subscribers and over 6.8 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 77.1 billion of consolidated revenues, RUB 28.8 billion of OIBDA (37.4% of revenues) and RUB 6.4 billion of net income for the first three months ended March 31, 2013. * * * 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: NEW INVESTOR RELATIONS AND STRATEGIC PLANNING APPOINTMENTS
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