Rostelecom OJSC: ROSTELECOM LAUNCHES A BETA VERSION OF ITS SEARCH ENGINE PLATFORM “SPUTNIK” UK Regulatory Announcement MOSCOW ROSTELECOM LAUNCHES A BETA VERSION OF ITS SEARCH ENGINE PLATFORM “SPUTNIK” Moscow, Russia – May 22, 2014 – Rostelecom OJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that it has launched the beta version of its search engine, Sputnik, at the St Petersburg International Economic Forum. The Sputnik search engine focuses on socially important internet services. It is designed to help Russian families who use the Internet to help them with everyday tasks, but who are also increasingly interacting with public services and social institutions online. Sputnik has analysed more than 10 billion RuNet pages, selecting the most authentic, complete and official sources of information. Sergey Kalugin, President of Rostelecom, commented: “In accordance with our strategy, we are entering the growing internet market, which is an attractive area for all the major players in the telecom industry. Sputnik’s task is to become a popular platform for finding socially important information online, therefore helping to improve people’s quality of life. This is a powerful new channel through which Rostelecom is looking to engage with its consumers.” Alexey Basov, Vice President of Rostelecom and Chairman of the Board of Sputnik, also commented: “The way users are using the internet is constantly evolving and usage is growing as new types of customers are coming online. Rostelecom has all the resources necessary to develop mass internet services to help people solve everyday problems and to create opportunities for them to interact with state and public institutions. Our task is to lead in this area and develop the most up-to-date and relevant services for the Russian population.” * * * For more information please visit http://www.rostelecom.ru/en/ir or contact: “Rostelecom Investor Relations / Rostelecom IR” application is now available to download for free from the Apple App Store and Google Play Investor Relations Department Tel. +7 (499) 995 97 80 email@example.com * * * Sputnik is a socially-oriented search platform. LLC Sputnik is the developer of the platform, with the subsidiary OJSC Rostelecom being the controlling shareholder. Sputnik’s team is currently made up of 150 technical specialists and managers, who have developed and implemented new types of search services. The project was born out of a start-up by IT enthusiasts, which began operating in the mid-2000s. Sputnik started to cooperate with Rostelecom in 2010, as Rostelecom was seeking opportunities to enter new markets. Rostelecom began investing in the project in 2012, and by 2013, Sputnik became a fully-fledged part of Rostelecom’s strategy to provide a platform for mass socially-oriented services. www.sputnik.ru Rostelecom (www.rostelecom.ru) is one of the largest national telecommunications operators in Russia and Europe. The Group operates in all segments of the telecommunications market and covers more than 34 million households. Rostelecom is an undisputable leader of the broadband and pay-TV markets in Russia with over 10.6 million fixed-line broadband subscribers and over 7.5 million pay-TV subscribers. The Group generated RUB 325.7 billion of consolidated revenues, RUB 113.3 billion of OIBDA (34.8% of revenues) and RUB 24.1 billion of net income for the 12 months ended December 31, 2013. The Group is a market leader in providing telecommunications services to government bodies and corporates of all levels. It is also an important innovator that provides solutions in the field of medicine, E-Government, cloud computing, education, security and housing & utility services. Rostelecom was assigned ‘BBB-’ and ‘BB+’ international credit ratings by Fitch Ratings and Standard & Poor’s respectively. * * * 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: ROSTELECOM LAUNCHES A BETA VERSION OF ITS SEARCH ENGINE PLATFORM “SPUTNIK”
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