Ekaterinburg – October 30, 2009 – Uralsvyazinform (RTS: URSI/URSIP, ADR: UVYZY/ UVYZYP), the leading carrier of fixed-line and mobile services in the Urals region, Russia reports the placement date of BO-01 series commercial papers.

Today, October 30, 2009, the Board of Directors decided to place BO-01 commercial papers on November 5, 2009.

The papers will be placed at MICEX in the form of an auction to determine first coupon interest rate. The issue’s arranger is Svyaz-Bank.

The Board also provided for the put option available to bondholders in 2 years. The buy-back is scheduled for November 9, 2011.

The commercial papers are included in MICEX A1 quotation list and are likely to be included in Central Bank’s Lombard list.

Issue parameters:

Type: non-convertible interest-bearing documentary commercial papers of BO-01 series with mandatory centralized custody, and optional early redemption at issuer’s discretion and upon holder’s request.

Quotation list: MICEX A1

Number of bonds in the issue: 1,000,000;

Nominal value of each paper: 1,000 rubles;

Total volume of each issue (in nominal value): 1,000,000,000 rubles;

Maturity: 1092 days since placement date;

Placement method: open subscription;

Placement price: 100% of nominal value of commercial papers (1,000 rubles).