On October 16, 2008 the Russian Federal Financial Markets Service registered NWT’s sixth issue of interest-bearing documentary bearer bonds under the state registration number 4-06-00119- À . Simultaneously with the registration of the issue of securities, the state registration of the Securities Prospectus was carried out.

The total amount of NWT's registered issue is 3 000 000 000 (three billion) rubles. The maturity period of the bonds is 10 years with a call option effective 3 and 6 years after the placement date. The premium payable in case of early redemption in three and in six years is 2.50 rubles (two rubles 50 kopecks) per bond.

The placement price of one bond is equal to the par value, that is 1 000 (one thousand) rubles per bond.

The interest rate will be determined by contest in the process of placement and will be fixed throughout the maturity period.

As in the previous issues, the bonds are to be redeemed in stages in the following times:

• on the 2912th day from the placement commencement date each Bond is redeemed in part for 30% of the par value;
• on the 3276th day from the placement commencement date each Bond is redeemed in part for 30% of the par value;
• on the 3640th day from the placement commencement date each Bond is redeemed in part for 40% of the par value.

No preemptive right to buy securities is provided for. The bonds will be placed by open subscription.

The Decision on the Issue of Securities and the Securities Prospectus are posted at NWT corporate web-site, section For investors and shareholders .

NWT’s financial consultant for the organization of the issue is OJSC St. Petersburg Bank. The loan organizer is OJSC JSCB Svyaz-Bank.