Yekaterinburg – October 01, 2008 – Uralsvyazinform (RTS and MICEX: URSI/URSIP, ADR: UVYZY/UVYPY) – the leading carrier of fixed-line and mobile services in the Urals region summarized the outcome of the open auction aimed to select a financial company to provide financing services for granting a loan to the amount of 150 mln US dollars, being secured by credit linked notes (CLN).

Altogether three companies applied for participation in the Auction.

According to the Auction protocol Uralsvyazinform will conclude a contract with the “Moscow River B.V.” company. The contract value (interest rate of the loan) is the subject the parties should agree upon; the annual interest rate will be within 9%.

Currently Uralsvyazinform carries out necessary corporate activities to approve the Auction results and execute loan procedures. The company will enter the international capital (CLN) market upon the preliminary market analysis in order to select the most favorable period for placement of CLNs and getting a loan. It is planned to allocate obtained funds on the general corporate purposes of Uralsvyazinform.