Moscow – July 5, 2007 – Rostelecom (NYSE: ROS; RTS, MICEX: RTKM, RTKMP), Russia’s national long-distance telecommunications operator, today announced the appointment of new members to the Management Board.

The Company’s Board of Directors decided the following members will be appointed to the Rostelecom Management Board for the period July 1, 2007 up to June 30, 2008:

• Sergei Akopov, Director of Administrative Department of Rostelecom;
• Andrei Baklykov, Director of IT Department of Rostelecom;
• Andrei Gaiduk, First Deputy General Director – Financial Director of Rostelecom;
• Yevgeny Gerasimov, Deputy General Director – Director of Rostelecom’s North-Western branch;
• Dmitry Gurevich, Director of Project Management Department of Rostelecom;
• Rodion Levochka, Director of Products and Marketing Department of Rostelecom;
• Vladimir Mironov, Deputy General Director of Rostelecom;
• Olga Rumyantseva, Director of Sales and Customer Service Department of Rostelecom;
• Galina Rysakova, Director of Department of Organizational Development and Human Resources of Rostelecom;
• Dmitry Sigalov, Director of Legal Affairs Department of Rostelecom;
• Vladimir Terekhov, First Deputy General Director of Rostelecom;
• Roman Frolov, Chief Accountant of Rostelecom.

In line with Rostelecom's Charter (paragraph 27.3) the General Director, Dmitry Yerokhin, will perform the functions of the chairman of the Company’s Management Board.

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Certain statements in this press release are forward-looking statements within the meaning of the U.S. federal securities laws and are intended to be covered by the safe harbors created thereby.

Those forward-looking statements include, but are not limited to:

• Management’s assessment of the Company’s future operating and financial results as well as forecasts of the present value of future cash flows and related factors;
• the Company’s anticipated capital expenditures and plans to construct and modernize its network;
• the Company’s expectations as to the growth in demand for its services, plans relating to the expansion of the range of its services and their pricing;
• the Company’s plans with respect to improving its corporate governance practices;
• the Company’s expectations as to its position in the telecommunications market and the development of the market segments within which the Company operates;
• economic outlook and industry trends;
• the Company’s expectations as to the regulation of the Russian telecommunications industry and assessment of impact of regulatory initiatives on the Company’s activity;
• other statements regarding matters that are not historical facts.

Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include:

• risks relating to changes in political, economic and social conditions in Russia as well as changes in global economic conditions;
• risks relating to Russian legislation, regulation and taxation, including laws, regulations, decrees and decisions governing the Russian telecommunications industry, securities industry as well as currency and exchange controls relating to Russian entities and their official interpretation by regulatory bodies;
• risks relating to the Company, including the achievement of the anticipated results, levels of profitability and growth, ability to create and meet demand for the Company’s services including their promotions, and the ability of the Company to remain competitive in a liberalized telecommunications market;
• technological risks associated with the functioning and development of the telecommunications infrastructure, technological innovations as well as the convergence of technologies;
• other risks and uncertainties. For a more detailed discussion of these and other factors, see the Company’s Annual Report on Form 20-F for its most recently completed fiscal year and the Company’s other public filings with The U.S. Securities and Exchange Commission.

Many of these factors are beyond the Company’s ability to control or predict. Given these and other uncertainties, readers are cautioned not to place undue reliance on any of the forward-looking statements contained herein or otherwise. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements (which are made as of the date hereof) to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable laws.