Open joint stock company South Telecommunications Company hereby advises that a routine meeting of the Board of Directors (Minutes # 7 dated March 5, 2003) was held at which a resolution was passed to include the following individuals to the list of eligible candidates for which voting is to be held at the annual general shareholders meeting in 2003:

- nominations for the Board of Directors include:

1.           Slanislav Petrosovich Avdiyants – executive director – head of the economic and tariff policy department of OJSC Svyazinvest;

2.           Vadim Yevgenievich Belov – deputy director general of OJSC Svyazinvest;

3.           Mikhail Borisovich Vasilyev – head of the Saint Petersburg representative office of NCH Advisors Inc.;

4.              Igor Velgelmovich Volkovsky – head of authorized presidential envoys to the Southern Federal district;

5.           Vladimir Lukich Gorbachev – director general of South Telecommunications Company

6.           Vladimir Vladimirovich Dudchenko – head of Research Department of the Moscow representative office of NCH Advisors Inc.;

7.           Gennady Ivanovich Kovalenko – head of Legal Department of OJSC Svyazinvest;

8.           Denis Viktorivich Kukilov – expert of non-commercial organization Association for the Protection of Investors’ Rights (Moscow);

9.           Alexander Leonidovich Merzlenko – vice-president of OOO Renaissance Capital;

10.          Stanislav Nikolayevich Panchenko – deputy director general of OJSC Svyazinvest;

11.          Oxana Valyerevna Petrova – deputy head of the Corporate Governance Department of OJSC Svyazinvest;

12.          Alexander Alexandrovich Remezkov – first deputy head of the administration of Krasnodar krai;

13.          Georgy Alexeyevich Romsky – deputy general director of OJSC Svyazinvest;

14.          Irina Petrovna Ukhina – deputy director of the Corporate Governance Department of OJSC Svyazinvest;

15.          Andrey Anatolyevich Shchepilov – chief specialist of the Securities Department of OJSC Svyazinvest;

- nominations for the Audit Committee include:

1.            Natalya Vladimirovna Boyarskikh – chief accountant of the kurbankelektrosvyaz branch of South Telecommunications Company

2.            Lyubov Alexandrovna Greseva – chief expert of the Internal Audit and Economic Analysis Department of OJSC Svyazinvest;

3.            Vladimir Vladimirovich Kozin – deputy director – head of corporate finance and direct investments department of OJSC Svyazinvest;

4.          Irina Viktorovna Prokovyeva – deputy director – head of internal audit and economic analysis department of   OJSC Svyazinvest;

5.            Kirill Viktorovich Frolov – leading expert of internal audit and economic analysis department of   OJSC Svyazinvest;