On the 3rd of November 2006 the Board of Directors of JSC North-West Telecom took a decision to convoke an extraordinary general meeting of the shareholders of the Company  in the form of absentee voting.

Date of finishing the acceptance of voting ballots: the 18th of December 2006.

The agenda of the extraordinary general meeting of the shareholders of JSC NWT:   

"Approving the related-party transaction, viz. the contract of purchase and sale of securities between JSC North-West Telecom and JSC Telecominvest".

The right of voting on this issue will belong only to holders of Company's common shares, who are not interested in the transaction (who are not related-parties). The list of those entitled to participate in the meeting has been made up according to the register of JSC North-West Telecom's shareholders as of the 3rd of November 2006.      

The Board of Directors of JSC N.W.Telecom has approved the mailing addresses, to which filled voting ballots must be sent:

• 14/26, ul. Gorokhovaya (26, ul. Bolshaya Morskaya) St. Petersburg, 191186, Joint-Stock Company North-West Telecom;
• a/ya 162, ul. Kalanchevskaya, Moscow, 107078, OJSC Obyedinyonnaya Registratsionnaya Kompaniya (United Registration Company).

A notification on holding the meeting will be published in the Izvestiya newspaper not later than the 17th of November 2006 and will be sent to shareholders of the Company together with the approved voting ballot. 

Starting from the 27th of November 2006, all information (materials) for the meeting can be found at OJSC North-West Telecom's corporate web-site https://www.nwtelecom.ru and at the following addresses:

Joint-Stock Company North-West Telecom:

• 14/26, ul. Gorokhovaya (26, ul. Bolshaya Morskaya), St. Petersburg,  Shareholders Department (office 236);

and at the branches of the Company:

• 45, Troitsky prospekt, Arkhangelsk, office 208 (Arkhangelsk Branch of JSC NWT);
• 2, st. Lyudogoshcha, Veliky Novgorod, office 334? (Novgorod Branch of JSC NWT);
• 4, Sovetsky pr., Vologda, office 106 (Vologda Branch of JSC NWT);
• 24, st. Bolnichnaya, Kaliningrad, office 13 (Kaliningrad Branch of JSC NWT);
• 17, st. Oktyabrskaya, Murmansk (Murmansk Branch of JSC NWT);
• 4, st. M. Gorkogo, Petrozavodsk (Karelian Branch of JSC NWT);
• 17, st. Nekrasova, Pskov, office 211 (Pskov Branch of JSC NWT);
• 60, st. Lenina, Syktyvkar, office 104 (Komi Branch of JSC NWT);
• 29, st. Kommunistov, Cherepovets, office 9 (Vologda Branch, Western Telecommunications Centre (Zapadny UES) of JSC NWT).