Moscow, Russia – August 09, 2011 – Rostelecom OJSC (MICEX & RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that on August 10, 2011 its ordinary shares of the unified issue will commence trading on the CJSC Moscow Interbank Currency Exchange (“MICEX”) under the ticker RTKM in line with the approval of the cancellation of the individual numbers (codes) of the 16 additional issues of ordinary Rostelecom shares (RTKM-002D - RTKM-017D[1]) by the Russian Federal Service for Financial Markets’ (‘FSFM’).

Since August 10, 2011 one issue of Rostelecom ordinary shares (RTKM) and one issue of preferred shares (RTKMP) will be traded on MICEX.

Rostelecom ordinary and preferred shares were included in the Quotation List A of the 1st Level of CJSC Moscow Interbank Currency Exchange (“MICEX”) on December 31, 2004.

The newly issued Rostelecom ordinary shares have been traded on RTS along with the previously issued shares under a single RTKM symbol since May 4, 2011.

The merger of the separate depositary receipt issues, for both the newly issued Rostelecom ordinary shares and the shares relating to the previous issue, will be also finalized under the ticker ROSYY.

[1]Registered numbers 1-01-00124-À-002D - 1-01-00124-À-017D