THURSDAY, 4 SEPTEMBER 2008

8.00 AM (ET) / 1.00 PM (UK) / 2.00 PM (CET) / 4.00 PM (MOSCOW)

Host: 

Masha Eliseeva – Head of Investor Relations

Speakers: 
Sergey Pridantsev – President and Chief Executive Officer   
Irina Matveeva – Chief Financial Officer        

To participate in the conference call, please dial:

UK/ International: +44 20 7190 1232
US:  +1 480 629 1990 


A replay number will be available for 7 days after the conference call. To access the replay, please dial:

UK/ International: +44 20 7154 2833
US:  +1 303 590 3030

The replay access number is 3913354#

Comstar UTS is the leading fixed-line telecommunications company in Moscow. Comstar provides voice, data, television and other value-added services to residential and corporate subscribers and operators, using its extensive backbone network and exclusive last mile access to 97% of Moscow households. The Company also offers communications services in five Russian regions, Armenia and Ukraine. Comstar had 3.6 million residential subscribers and 750 thousand residential broadband internet subscribers in Moscow, as well as 40 thousand residential regional and international broadband internet subscribers at the end of March 2008. Comstar generated US$ 1,562.4 million and US$ 417.0 million of revenues and a 42.5% and 40.8% OIBDA margin for the twelve months ended December 31, 2007 and the three months ended March 31, 2008, respectively. Comstar’s Global Depositary Receipts are listed on the London Stock Exchange (ticker: CMST).