According to the rating conducted by the "Financial Times" and published in the "Vedomosty", Russia, (the "Gazette", Eng.) with reference to the biggest companies, PJSC CenterTelecom has strengthened its business status by bringing itself up from the 91-st to the 48-th market capitalization position among the 100 East European biggest companies.

According to the Company's General Director Mr. Ruben Amarian, the elevation of the Company’s rating, consolidation by PJSC CenterTelecom of its standing in the telecommunications services market is an impartial reflection of the successfully concluded process of unification of the 17 telecommunications operators of and in the Central Federal District. It ultimated both in raising the PJSC CenterTelecom market capitalization up to US$486 million, and in strengthening the Company's economic, technical and human resources potential. The first activity results of the unified company speak for themselves: in the first quarter of the current year, the corporate profit grew by four times as against the same last year's quarter.

Among the other all-important factors conducive to the rating growth was also the active investment and information transparency policies pursued by PJSC CenterTelecom, the Company's top leader observed.

21.05.2003