OREANDA-NEWS. “COMSTAR - United TeleSystems” JSC (“Comstar UTS”) (LSE: CMST), today announced that its regular meeting of the Board of Directors, which was held on May 16, 2007, accepted the resignation of Eric Franke as President and Chief Executive Officer of the Company.

The Board of Directors satisfied Mr. Franke’s request to be released from his employment contract with Comstar UTS in order to take up a position with another business.

The Board of Directors has appointed Nikolay Tokarev as interim President and CEO of Comstar-UTS with immediate effect. Mr Tokarev will hold this position until a permanent President and CEO is appointed.