A series of JSC CenterTelecom leadership meetings in a road show format were held with major international investment funds and management companies' officials in London. The meetings with investors showed a substantially increased interest in the CenterTelecom activities.

JSC CenterTelecom Deputy General Director and Commercial Director of the Company Mr. Sergey Pridantsev and the Corporate Secretary Mr. Boris Lastovich held presentations giving an all-round overview of the Company's activities and answered questions of the international investor officials' particular concern. United Financial Group (UFG), one of the Russian leading investment banks, was the arranger of the meetings.

Representatives of the largest investment funds spoke highly positive of the recent acquisition by JSC CenterTelecom of a 100% stake of one of the Russian largest alternative operators, viz. JSC Russian Telecommunications Network Company (trade mark - ROSNET). The investors appreciated the efforts of the CenterTelecom management to enter the Moscow telecommunications market and to increase the corporate customer base.

The beneficial effect of the meetings is that the availability of the cellular communications resource is no longer viewed as determinative factor of investor attractiveness of a telecommunications operator. The business results of JSC CenterTelecom which, in fact, does not have cellular networks are the most telling example. The Company has an advantageous economic and geographical position with highly promising potential demand for customary telephone services; it consolidates its position in other market sectors, viz. interactive cable television, wireless radio broadcasting, advanced data and multimedia services.

As Mr. Sergey Pridantsev, Deputy General Director of CenterTelecom, noted the successes of the Company would undoubtedly have a positive bearing on raising its credit and corporate ratings being presently reconsidered, which, in its turn, and would be conducive to the capitalization and investor attractiveness of JSC CenterTelecom.

JSC CenterTelecom is a leading fixed telecommunications company providing services in the Central Federal District, the most densely populated area of Russia which inhabitants make up 20% of the total population of the country.

JSC CenterTelecom provides telephone, Internet, IP-telephony, data, wireless and cable television, wired and VHF radio broadcasting services.

JSC CenterTelecom is run by a strong team of managers of many years' working experience in the telecommunications field. Over the last three years, the Company's leadership secured a 116.9% sales growth and a 5.8% profitability increase.