Moscow, April 21, 2005. CenterTelecom (RTS: ESMO, ESMOP; MICEX: CTLK, CTLK?; OTC: CRMUY) informs about the payment of the 6th coupon and the retirement of Series 02 coupon certificated non-convertible bearer bonds.

On April 21, 2005, CenterTelecom fully executed its obligations to Series 02 bondholders (state registration number 4-02-00194-A as of June 25, 2002), having paid the last (sixth) coupon in the amount of RUR 47 868 000 (forty-seven million eight hundred sixty-eight thousand) or 16% annual.

At the same time the company retired Series 02 bond issue in the amount of RUR 600 000 000 (six hundred million).

The total payments to the bondholders amounted to RUR 647 868 000 (six hundred forty-seven million eight hundred sixty-eight thousand).

Issue-related information:

The issue's state registration number is 4-02-00194-A; the registration date is June 25, 2002. The issue volume is RUR 600 million, maturity 1 003 days; the issue has 6 semi-annual coupons, paying 20%, 20%, 18%, 18%, 16%, and 16% respectively.

Series 02 coupon certificated non-convertible bearer bonds were placed on July 23, 2002. The placement was conducted through open bidding at 100% par (RUR 1 000 per bond).

The issue was arranged and underwritten by Reiffeisenbank Austria, Moskovskiy Delovoy Mir Bank and Troika Dialog Investment Company.

Between 21.10.04 and 21.04.05:
The total trading volume amounted to RUR 498.8 million:

• Of that amount bonds worth RUR 208.7 million traded in the market;
• RUR 239.9 million in block trading;
• RUR 50.2 million in REPO;

228 transactions were made:

• Of them RUR 190 in the market;
• block trading - 34;
• REPO - 4;

The resistance level was reached at 104.2% par;
the yield on the bonds fluctuated between 2.65% and 10.03% annual.

For more information please contact:

Director of Securities and Corporate Management Department
Elena Romskaya
+7(095)793-23-19
E-mail: esidorovich@centertelecom.ru

Head of Investors Relations Department
Andrey Kalinchenko
+7(095)793-23-40
E-mail: kalin@centertelecom.ru

Director of Information Policy Department
Yana Lavrentyeva
+7(095)793-24-86
E-mail: pr@centertelecom.ru
www.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).