Public Joint Stock Company "Southern Telecommunications Company" informs that the following resolutions were adopted at the meeting of the Board of Directors of the Company held on 5 March 2003 (Protocol ? 7 of 05.03.2003):

to nominate the following candidates included in the voting paper for "UTK" PJSC Board of Directors election at the Annual General Shareholders' Meeting to be held in 2003:

1. Stanislav Petrosovich Avdiyants - Executive Director - Director of Economic and Tariff Policy Department "Svyazinvest" OJSC;
2. Vadim Evguenyevich Belov - Deputy General Director, "Svyazinvest" OJSC;
3. Mikhail Borisovich Vasilyev - Head of the Representative Office, "NCH Advisors Inc.";
4. Igor Velgelmovich Volkovisky - Head of the Administration of the Plenipotentiary of the President of Russia in the Southern Federal District
5. Vladimir Lukich Gorbachev - General Director, "UTK" PJSC;
6. Vladimir Vladimirovich Dudchenko - Head of Analytical Department, "NCH Advisors Inc.";
7. Gennady Ivanovich Kovalenko - Head of the Section, Legal Department, "Svyazinvest" OJSC;
8. Denis Viktorovich Kulikov - Expert, Non-commercial organization "Investor Protection Association" (Moscow);
9. Alexander Leonidovich Merzlenko - Vice-President, "Renaissance - Capital" Ltd;
10. Stanislav Nikolaevich Panchenko - Deputy General Director, "Svyazinvest" OJSC;
11. Oksana Valerievna Petrova - Deputy Head of the Section, Department of Corporate Governance, "Svyazinvest" OJSC;
12. Alexander Alexandrovich Remezkov - First Deputy Head of the Krasnodar Territory Government;
13. Georgy Alekseevich Romsky - Deputy General Director, "Svyazinvest" OJSC;
14. Irina Petrovna Ukhina - Deputy Director, Department of Corporate Governance, "Svyazinvest" OJSC;
15. Andrey Anatolyevich Shchepilov - Senior Specialist, Securities' Department, "Svyazinvest" PJSC;

to nominate the following candidates included in the voting paper for election of the Auditing Commission of "Southern Telecommunications Company" PJSC at the Annual General Shareholders' Meeting to be held in 2003:

·  Natalia Vladimirovna Boyarskikh - Chief accountant, "Kubanelectrosvyaz", branch of "Southern Telecommunications Company" PJSC;

·  Lyubov Aleksandrovna Greseva - Senior specialist, Department for Internal Audit and Economic Analysis, "Svyazinvest" OJSC;

·  Vladimir Vladimirovich Kozin - Deputy Director - Head of the Section of Direct Investments and Property, "Svyazinvest" OJSC;

·  Irina Viktorovna Prokofyeva - Deputy Director - Head of the Section, Department for Internal Audit and Economic Analysis, "Svyazinvest" OJSC;

·  Kirill Viktorovich Frolov - Senior specialist, Department for Internal Audit and Economic Analysis, "Svyazinvest" OJSC.