Moscow, April 7, 2005. CenterTelecom Orel branch Deputy Director of Finance and Economics Alexey Kudryavtsev took part in the Russian national-wide Business Security (Legitimacy and Social Responsibility) conference held with the support of the Administration of the Plenipotentiary of the President of the Russian Federation in the Central Federal District, the Russian Union of Industrialists and Entrepreneurs, the Russian national public organization Support of Russia and The Chamber of Commerce and Industry of the Russian Federation.

During his speech dedicated to the security issues of the financial markets of the Russian Federation at the introduction of electronic corporate payment systems, Mr. Kudryavtsev spoke about the features of the automated electronic trading system and ASR Orel - M-RUPS (ASR RUPS) Russian Universal Payment Communication Systems automated budget management system developed by CenterTelecom and their prospective use.

ASR RUPS was developed by CenterTelecom Orel branch within the framework of Electronic Russia Federal Target Program. The system certified to GOST R ISO 9001-2001 for 10 million subscribers enables to create a tool for electronic budget federalization of the Russian Federation based on modern telecommunication technologies of payment clearance and tax information processing, which considerably increases the role of telcos as the providers of on-line financial information.

For more information please contact:
Information Policy Department Director
Yana Lavrentyeva
+7(095)793-24-86
pr@centertelecom.ru

CenterTelecom is a leading fixed telecommunications company providing a wide range of telecom services in the Central Federal District, where over 20% of the population of Russia resides. CenterTelecom offers the full range of telecommunication services, including fixed telephony, Internet, IP-telephony, data transmission, cable TV, wired and VHF broadcasting. The company actively develops modern multiservice and SDH networks as well as new WLL systems. The Company trades on RTS (ESMO, ESMOP), Moscow Interbank Currency Exchange (CTEL, CTELP) and has ADR Level 1 common stock program (CRMUY).