On April 1st, 2009 the results of the tender for the right of making the contract of holding the mandatory audit of book-keeping and financial accounting (reporting) of North-West Telecom for the year 2009 according to the Russian Accounting Standard s (RAS) and the International Financial Reporting Standards (IFRS) were summed up.

JSC N.W. Telecom's tender committee for selecting an independent auditor organization evaluated technical and financial proposals from six participants and recognized the

The results of the tender will be presented to the North-Wets Telecom’s Board of Directors that should recommend the winner as the auditor's candidacy for approval by the annual general meeting of the shareholders. A contract will be entered into with the winner of the tender, provided it is approved as the Company's auditor by the annual general meeting of the shareholders.

Brief information on PricewaterhouseCoopers Audit:

The closed joint-stock company PricewaterhouseCoopers Audit is a part of the PricewaterhouseCoopers International Limited global network of companies.

PricewaterhouseCoopers is the biggest international network of companies offering professional services in the field of audit and consulting in the world. The PWC network has about 770 offices in 150 countries, its headquarters being based in New York. Today PricewaterhouseCoopers unites over 155,000 specialists from different countries, with more than 2,500 employees in Russia. You can find more detailed information on PricewaterhouseCoopers Audit on the corporate web site www.pwc.ru.