OREANDA-NEWS. Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; МICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports that on June 13, 2007 the Company paid out in full the sixth coupon income on the UTK 04-series non-convertible interest-bearing  documentary pay-to-bearer bonds (UTK-04оb., RU000A0GK2W9).

The sixth coupon interest rate was set according to the Decision on the Bond Issue approved by the Company’s Board of Directors (Minutes N 11 dated 18 October 2005) at 10% per annum. Total amount of the sixth coupon yield payable under all UTK series 04 bonds made 112,200,000 roubles. The coupon income on one bond of the issue amounted to 22,44 roubles.

At the same time the Company redeemed in full the second part (15 percent) of the nominal value of UTK series 04 bonds to the amount of 750,000,000 roubles.