On April 18, 2007 the Board of Directors of North-West Telecom OJSC had a meeting to discuss preparation and holding of the annual general meeting of shareholders of North-West Telecom OJSC.

The NWT Board of Directors decided to:

1. Summon an annual general meeting of shareholders of North-West Telecom OJSC in the format of joint attendance of the shareholders, with prior mailing (handing) of the ballots. The date, place, and time of the Meeting are June 22, 2007 at 14 Sinopskaya Naberezhnaya, St. Petersburg, 11:00 am (Moscow time). The registration of shareholders for participation in the Meeting to be summoned shall be started at 9:00 (Moscow time). The registration will be at the place of the Meeting.
2. Approve the following list of information to be  sent to the shareholders prior to the Meeting: Ballots and Notice of the Meeting.
3. Define May 4, 2007 as the completion date for the list of persons entitled to attend the Meeting.

The filled-in ballots for voting at the annual general meeting of shareholders of North-West Telecom OJSC may be mailed to the following addresses:

• 191186, St. Petersburg, 14/26 ul. Gorokhovaya (26 ul. Bolshaya Morskaya), North-West Telecom OJSC.

The ballot filing deadline is June 19, 2007.