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Rostelecom OJSC: NEW INVESTOR RELATIONS AND STRATEGIC PLANNING APPOINTMENTS



  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
ir@rt.ru

                                    * * *

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
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