OREANDA-NEWS. Sibirtelecom holds a responsible attitude towards corporate governance issues in general and information transparency in particular.  The Company hereby deems it advisable to notify all interested parties about some changes made to its 2006 RAS financial reports.

At the end of the reporting period in April 2007, the Company conducted some additional control procedures as a result of which an error was identified in Sibirtelecom’s 2006 financial performance indicators.  According to the effective legislation and a recommendation by audit firm KPMG, the Company made the following changes to its 2006 RAS annual financial statement.

As a result of the amendments, the revenue indicator in the audited 2006 annual financial statement stands at Rub 22,941.8 mln, which is 0,6% less than the figure in the 2006 unaudited report, as noted in the Company’s press release issued on April 2, 2007.  In addition, the change in financial results does not exceed 10% of the amount previously reported.

The audited accounting statement will be posted on www.sibirtelecom.ru and can be forwarded to any interested persons until May 15, 2007.