Moscow, March 10, 2010. The Board of Directors of CenterTelecom OJSC has reviewed the suggestions of shareholders on the nomination of candidates to the company’s managing and audit bodies.

After considering suggestions in compliance with Russian legislation and CenterTelecom’s Charter, the Board of Directors approved the inclusion of the following candidates to the Board of Directors for voting at the company’s annual general meeting in 2010:

·  Nikolai Arutyunov, Director of Research Department, Moscow representative office of NCH Advisors, Inc

·  Miikhail Batmanov, Deputy Director of the Corporate Governance and Law Department, Svyazinvest OJSC

·  Igor Belikov, Director, Russian Institute of Directors Not-for-Profit Partnership

·  Valentina Veremyanina, Director of the Corporate Governance and Law Department, Svyazinvest OJSC

·  Bogdan Golubitsky, Director of Economic Planning and Budget Department, Svyazinvest OJSC

·  Alexei Goltsov, Advisor to General Director, Svyazinvest OJSC

·  Anna Kravchenko, Director of HR Department, Svyazinvest OJSC

·  Denis Kulikov, Executive Director, Investor Protection Association

·  Mikhail Leschenko, Deputy General Director, Svyazinvest OJSC

·  Alexei Lokotkov, Deputy General Director, Svyazinvest OJSC

·  Oksana Petrova, Chief of Department in the Corporate Governance and Law Directorate, Svyazinvest OJSC

·  Ilya Ponomarev, Director of Financial Department, Svyazinvest OJSC

·  Alexander Provotorov, First Deputy General Director, Svyazinvest OJSC

·  Viktor Savchenko, Deputy General Director, Svyazinvest OJSC

·  Elena Umnova, Deputy General Director, Svyazinvest OJSC

·  Tamara Chernikova, Deputy Director of Financial Department, Svyazinvest OJSC

·  Oleg Fedorov, Managing Director, VTB Capital CJSC

·  Alexander Shevchuk, Deputy Executive Director, Investor Protection Association

·  Evgeny Yurchenko, General Director, Svyazinvest OJSC.

The list of candidates to the Audit Committee of CenterTelecom includes:

·  Polina Burmistrova, Deputy Chief of Department in the Corporate Governance and Law Directorate, Svyazinvest OJSC

·  Natalia Vorobyova, Head of Middle Term Planning Department, Svyazinvest OJSC

·  Ivan Kiselev, Deputy Chief, Economic Planning and Budget Department, Svyazinvest OJSC

·  Olga Koroleva, Chief Accountant, Svyazinvest OJSC

·  Sergei Pokrovsky, Expert, Investor Protection Association

·  Natalia Uzlova, Deputy Chief of the Accounting, Taxation and Statistics Department, Svyazinvest OJSC

·  Alla Uklitina, Chief Specialist of the Accounting, Taxation and Statistics Department, Svyazinvest OJSC

·  Olga Chernoponevkina, Chief of the Group in the Financial Department, Svyazinvest OJSC

Information of the candidates’ employment and job positions corresponds with the information in the shareholder’s proposal.

Shareholders owning not less than 2% voting shares of CenterTelecom OJSC have the right to nominate candidates to the company’s Board of Directors and Audit Committee. According to the company’s Charter, the Board of Directors of CenterTelecom includes 11 members, and the Audit Committee includes seven members.