On 10th March 2011 NKO ZAO National Settlement Depository acting as the Payment Agent for series 04 bonds of OJSC North-West Telecom made the payment under the 17th coupon of the series 04 bonds.

The rate of the seventeenth coupon is 8.10% per annum, 10 roubles 10 kopecks having accru ed on each bond.

The total amount allocated for the coupon yield payment is 20.2 million roubles.

The list of the persons authorized to receive the yield under the bonds was made up as of 3rd March 2011.

The company fulfilled all its debt liabilities within the established time, and this has proven once again the high reliability of OJSC N.W.Telecom’s securities, as well as the attractiveness of OJSC North-West Telecom as a quality borrower.

The bonds of the fourth issue are series 04 documentary interest-bearing bonds payable to bearer, with obligatory centralized care (state registration No. 4-04-00119-A of 31st October 2006), floated at MICEX stock exchange on 14th December 2006. The volume of the issue is 2 billion roubles, there are 2,000,000 bonds with the face value of 1,000 roubles. The circulation period is 5 years. The bonds coupon yield is paid on a quarterly basis. The bonds are included in the Lombard List of the RF Central Bank, are accepted by the Bank of Russia as security for direct repo transactions and are in the A1 quotation list of MICEX stock exchange.