Ekaterinburg – February 6, 2009 – Uralsvyazinform (RTS: URSI/URSIP) the leading carrier of fixed-line and mobile services in the Urals region, Russia reports Fitch Ratings’ decision to affirm its credit rating at B+, Outlook ‘Stable’.

On February 5, 2009, Fitch Ratings affirmed Uralsvyazinform’s Long-term Issuer Default Rating (IDR) at ‘B+’; National Long-term Rating at ‘A-(A minus)(rus)’ and Short-term IDR at ‘B’. Senior unsecured rating for Russian domestic bonds is affirmed at ‘A-(A minus)(rus)’. The Outlooks on the Long-term IDR and National Long-term rating are Stable.

As reported by the Agency, "Uralsvyazinform’s ratings are supported by the incumbent’s dominant market position in its operating territory, widest backbone and fixed ‘last mile’ infrastructure as well as by the existing benign regulatory environment in Russia. Fitch believes that Ural’s financial performance is stable and healthy. Broadband and mobile segments are likely to be the main growth drivers for Uralsvyazinform in the medium term".