Ekaterinburg – May 19, 2006 – Uralsvyazinform (RTS: URSI/URSIP, ADR: UVYZY/UVYPY) –

the leading carrier of fixed-line and mobile services in the Urals region, Russia reports on the

registration of 07th series Bond Issue Results Report.

On May 16, 2006 the Federal Service on Financial Markets of the Russian Federation (FSFM) registered the Bond Issue Results Report of Uralsvyazinform 07th series bond issue worth RUR 3.0 bln. The issue documents will shortly be submitted to MICEX so as to proceed with arrangements necessary to open the trading of the bonds.

Currently, the total value of the company’s bonds outstanding is RUR 13.0 bln.

Issue parameters: non-convertible interest-bearing documentary bearer bonds of 07 series. The bonds have nominal value of RUR 1,000 (one thousand) with obligatory centralized custody. The total amount is 3 000 000 (three million) making the total value of RUR 3,000,000,000 (three billion rubles). State registration number: 4-10-00175-A dated November 03, 2005. The issue documents stipulate for the partial redemption of the bonds made in 20% portions of issue par every half year beginning with 1456th day since the placement starting date. The Board of Directors has decided to provide a buyback offer for the bonds of the issue, which would open on the third working day of the seventh coupon period (March 19, 2009). The bonds are placed through a public subscription.