Krasnodar, 11th June 2009:Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; ÌICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)],the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports that on 11th of June 2009 the Company’s Board of Directors took a decision toterminate powers of the members of the Management Board Alexander Anatolievich Dobryakov (Deputy Director General - Director for Economics and Finance) and Arkady Arkadievich Samoilov (Deputy Director General – Commercial Director) before the appointed time (Minutes ¹ 29 of June 11, 2009).