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Rostelecom

February 28, 2013

Bellared Holdings Limited to acquire 10.7% of Rostelecom ordinary shares from Universal Telecom Investments Strategies

Moscow, Russia– February 28, 2013 – Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that Arkady Rotenberg’s Bellared Holdings Limited has reached an agreement to acquire Marshall Capital Partners’ entire 10.7% stake in Rostelecom, which is held by its Universal Telecom Investments Strategies fund.

The new shareholder’s representatives, Arkady Rotenberg, Nikolai Sabitov and Artem Obolensky, will be nominated to the Board of Directors, the composition of which will be elected during the Annual General Meeting of shareholders in June this year.

 

 

 

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