Siberia Telecom’s management met with representatives of investment funds and analysts in Novosibirskon July 21,. The delegation that arrived included Jonathan Scriven (representative of Fidelity Investments), Kent Nordin (Prosperity Capital Management), Andrey Zokin (Alpha-Capital), Vladimir Potapov (Troika Dialog), Dalibor Vavruska and Igor Semenov (ING Bank Eurasia). Siberia Telecom was represented by its Commercial Director Ivan Dadykin, Chief Accountant Galina Khvoschinskaya, heads of securities and capital markets departments, as well as economics, finances and mobile communications divisions.

Within the framework of the meeting, the company’s management offered a presentation on the results of Siberia Telecom’s activity and its development prospects. The investors were presented with data on the positive changes that took place in the first year of the consolidated company’s existence, particularly on the dynamics of income and net profit growth, their growth factors, progress in the development of the network infrastructure and key telecommunications projects. The results of Siberia Telecom’s 2004 performance were also presented, and the outlook until 2008 was described. Members of the investment community and analysts displayed particular interest in the growth potential of the company’s cellular business.

 In his assessment of the meeting, Kent Nordin said: “We met earlier met with Siberia Telecom’s representatives in Stockholm, and the company made an impression similar to that of leaders of the Russian telecom market. The level of the company’s management and its knowledge of professional issues convey a different idea of telecoms with a large state-owned share and exceed the expectations that are made of a company operating in the regions”.

Ivan Dadykin described the practice of direct meetings between investors and analysts as follows: “We are an open company, and therefore we use various forms of interaction with investment circles: road shows, conferences, devoting considerable attention to meetings between the management and parties interested in the growth of the company. Such meetings are pragmatic in nature, and there is obviously a correlation between our openness and capitalization ratios, the situation in the stock market and lending conditions”.