Moscow, Russia – June 3, 2013 – Rostelecom OJSC (the “Group”) (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, announces that it has started to pre-market its RUB 5 billion of series 16 bonds.

The Company’s latest bond issue is part of an approved bond issue programme worth a total nominal value of RUB 100 billion. VTB Capital CJSC, Gazprombank OJSC and CJSC “Sberbank CIB” will organise the placements. The bonds will have the following characteristics:

• A nominal value of RUB 1,000 per bond;
• A maturity of 5 years;
• A put option can be exercised after 1 year;
• A coupon period of 182 days.

It is anticipated that order books will be opened on June 5, 2013, with a closing date of June 6, 2013.

The series 16 bonds have been included on the Quotation list “A1” of the MICEX–RTS Stock Exchange.