The Board of Director of Center Telecom resolved to approve the new composition of the company’s Management Board on July 13, 2004,. The term of the Management Board is from July 15, 2004to July 15, 2005. The new composition of the Management Board includes the following 11 individuals:

R.A. Amaryan – Director General of Center Telecom

A.A. Vartanyan– Director General of Information Technologies of Center Telecom

E.M. Zhuravlyova – Deputy Director General – Director of Personnel Development of Center Telecom

R.P. Konstantinova – Chief Accountant of Center Telecom

A.A. Lokotkov – Principal Deputy Director General – Financial Director of Center Telecom

N.V. Mezhuyev – Deputy Director General – Director of the Moscowbranch of Center Telecom

M.A. Pegasov – Deputy Director General – Technical Director of Center Telecom

A.I. Polnikov – Executive Director – Director of the Capital Investments Department of Svyazinvest

S.V. Pridantsev – Deputy Director General – Commercial Director of Center Telecom

T.N. Sotskova – Director of the Legal Support Department of Center Telecom

V.P. Sychyov – Deputy Director General of Security and Secrecy Regime of Center Telecom.