On 15th April 2010 a meeting of the Board of Directors of North-West Telecom JSC was held without the personal attendance of the members looked through questions linked to the annual general meeting of the North-West Telecom’s shareholders preparation.

The Board of Directors took the following decisions:

To convoke the annual general meeting of the shareholders of North-West Telecom in the form of joint attendance of the shareholders for discussing the items of the agenda and for taking decisions on the items put forward for voting. The date, place and time of holding the Meeting shall be June 19th, 2010 at the following address: 14, Sinopskaya naberezhnaya, St. Petersburg, at 01-00 p.m. Moscow time. The date and time of the registration of the participants of the Meeting shall be June 19th, 2010, 11-00 a.m. Moscow time in the place where the Meeting is to be held;

April 30th, 2010 shall be the record date.

Mailing address to which filled out ballots for voting at the annual general meeting of the shareholders of North-West Telecom may be sent: 14/26, ul. Gorokhovaya (26, st. Bolshaya Morskaya), St. Petersburg, 191186, North-West Telecom JSC.