Moscow, Russia – June 26, 2013 –Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that Standard & Poor’s Rating Services (“Agency”) has confirmed Rostelecom’s ‘BB+’ Corporate Credit Rating with a Stable Outlook. Related bond issue ratings of ‘BB+’ with a Stable Outlook have also been confirmed by the Agency.

Standard & Poor’s stated that Rostelecom's fixed-voice business will generate sufficient cash flows to finance its growth in other market segments, including broadband Internet and mobile. The Agency also noted that Rostelecom's investments will be prudently managed and will not lead to increases in debt leverage.