On September 30, 2003, the Federal Securities Commission of Russia by its order ?03-2110/r resolved to consolidate Central Telecommunication Company additional securities issues with the following results:

1. The following state registration numbers assigned to issues of Central Telecommunication Company common registered uncertificated shares were cancelled:

1-04-00194-A dated 11.10.2002,
1-05-00194-A dated 11.10.2002,
1-06-00194-A dated 11.10.2002,
1-07-00194-A dated 11.10.2002,
1-08-00194-A dated 11.10.2002,
1-09-00194-A dated 11.10.2002,
1-10-00194-A dated 11.10.2002,
1-11-00194-A dated 11.10.2002,
1-12-00194-A dated 11.10.2002,
1-13-00194-A dated 11.10.2002,
1-14-00194-A dated 11.10.2002,
1-15-00194-A dated 11.10.2002,
1-16-00194-A dated 11.10.2002,
1-17-00194-A dated 11.10.2002,
1-18-00194-A dated 11.10.2002,
1-19-00194-A dated 11.10.2002.

The aforementioned issues of Central Telecommunication Company common registered uncertificated shares were assigned state registration number 1-03-00194-A as of September 30, 2003.

2. The following state registration numbers assigned to issues of Central Telecommunication Company preferred registered uncertificated shares were cancelled:

2-04-00194-A dated 11.10.2002,
2-05-00194-A dated 11.10.2002,
2-06-00194-A dated 11.10.2002,
2-07-00194-A dated 11.10.2002,
2-08-00194-A dated 11.10.2002,
2-09-00194-A dated 11.10.2002,
2-10-00194-A dated 11.10.2002,
2-11-00194-A dated 11.10.2002,
2-12-00194-A dated 11.10.2002,
2-13-00194-A dated 11.10.2002,
2-14-00194-A dated 11.10.2002,
2-15-00194-A dated 11.10.2002,
2-16-00194-A dated 11.10.2002,
2-17-00194-A dated 11.10.2002,
2-18-00194-A dated 11.10.2002,
2-19-00194-A dated 11.10.2002.

The aforementioned issues of Central Telecommunication Company preferred registered uncertificated shares were assigned state registration number 2-03-00194-A as of September 30, 2003.

13.10.2003