Krasnodar, May 12, 2006:Southern Telecommunications Company (“UTK”) (RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal telecommunications provider for Russia’s Southern Federal District, reports today that the Company has published its audited financial statements for 2005 under Russian Accounting Standards (RAS) as well as Balance Sheet and Profit and Loss Statement for the first three months of 2006 on the corporate site  in the section “Investor Relations”  –«Financial Statements».