Moscow, Russia – November 14, 2012 – Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’snational telecommunications operator, today announces that its revenues for the nine months of 2012 under Russian Accounting Standards (“RAS”) amounted to RUB 210.2 billion. Rostelecom’s operating profit totalled RUB 43.0 billion, its profit before tax was RUB 40.1 billion and net profit equalled RUB 32.0 billion.

The Company would like to draw attention to the following:

Rostelecom’s financial results under RAS for the first quarter of 2011 do not include any contribution from the seven regional telecom operators or OJSC Dagsvyazinform, which were merged with Rostelecom on April 1, 2011. The Company’s results under RAS for the nine months of 2012 do however comprise of results from the combined Rostelecom, and therefore include contributions from the seven regional operators and from OJSC Dagsvyazinform, but they exclude any contribution from Rostelecom OJSC subsidiaries, including OJSC National

Telecommunications (“NTK‟), Sky Link CJSC (“Sky Link”) and mobile subsidiaries. Rostelecom’s balance sheet as at September 30, 2012, also comprises contributions from all of the companies merged into the new Rostelecom on April 1, 2011 but it excludes contributions from Rostelecom’s mobile subsidiaries, Sky Link and NTK. Direct like-for-like comparisons of the Company’s financial performance for the nine months of 2011 and 2012 under RAS are therefore not possible.

Rostelecom intends to publish its key financial and operating results according to the Company’s consolidated statements for the nine months of 2012 on November 21, 2012. These statements will include contributions from Rostelecom as well as the seven merged regional operators, OJSC Dagsvyazinform and their subsidiaries, including NTK, Sky Link and mobile subsidiaries.

Please use the following link to access Rostelecom’s key financial and operatingconsolidated results forthe years 2009 - 2011, for the first quarter of 2011, for the first six months of 2011, for the nine months of 2011 and for the first and second quarters of 2012: https://www.rostelecom.ru/ir/results_and_presentations/financials/IFRS.