Moscow – July 13, 2010 –– Rostelecom (RTS, MICEX: RTKM, RTKMP; OTCQX: ROSYY) (“the Company”) today announced the decision of its Board of Directors to appoint Alexander Provotorov, First Deputy General Director of Svyazinvest, as Rostelecom’s General Director. Alexander Provotorov will take over the position from Anton Kolpakov.

Alexander Provotorov Biography

 - Born on November 7, 1974 in Moscow.

 - Graduated from the Law department of M.V.Lomonosov Moscow State University in 1996.

- 2001-2003 – Head of the legal department of Gazprom Media, member of the Management Board.

- 2003-2005 – Vice-president of the investment department of Sputnik Group.

- 2005-2009 – General Director of Marshal Capital.

- Since 2009 Alexander Provotorov has held the position of First Deputy General Director of Svyazinvest.

The Board believes that at the moment, consistent implementation of all integration procedures and creation of the organizational structure of the consolidated Rostelecom is the key task facing the Company. The appointment of Alexander Provotorov to the position of General Director will bring additional expertise to this process having been in charge of the development of the consolidated company’s strategies, the organizational structure and integration of the business of the Svyazinvest’s companies.

On behalf of the Board, the Chairman Evgeny Yurchenko thanked Anton Kolpakov for his commitment and huge accomplishments. Mr. Yurchenko’s stated: “The Company under Anton Kolpakov’s leadership has managed to lay a solid foundation for business growth in the new services segment.”

Anton Kolpakov has been offered to continue working for the united company.