Moscow, Russia – June 07, 2012 – Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that Standard & Poor’s Rating Services (“Agency”) has confirmed Rostelecom’s ‘BB+’ Corporate Credit Rating with a Stable Outlook. Related bond issue ratings of ‘BB+’ ratings with a Stable Outlook have also been confirmed by the Agency.

Standard & Poor’s stated that Rostelecom's fixed-line business will generate sufficient cash flows to finance its growth in other market segments, including broadband Internet. The Agency also noted that Rostelecom's investments in its operational restructuring, the development of a national brand, and the unification of its billing system will be prudently managed and will not lead to significant operating disruptions or increases in debt leverage.

Further information on Rostelecom’s ratings is available on https://www.standardandpoors.com/home/ru/ru.