OREANDA-NEWS. On 24 July 2008 Far East Telecom (MICEX: DLSV; RTS: ESPK; ADR USA OTC-Board: FEEOY; Deutsche Bourse & Berlin Stock Exchange: D7A), leader at Russian Far East telecommunications market, announceв that financial results for the 1st half of 2008 will be disclosed by July 30, 2008.

At the same day, July 30 2008, Far East Telecom will hold conference call – telephone conference, where management will comment financial results of the reporting period and answer to the questions.

Senior management invites shareholders, investors and analysts to take participation at conference call.

Theme: "Financial Results for the 1st half of 2008 in Accordance to Russian Accounting Standards".

Speakers: Anton Kolpakov – Chief Executive Officer; Sergey Frolov – Chief Financial Officer.

Date, time: Wednesday, 30 July 2008,

 04:00 p.m. - Moscow

01:00 p.m. - UK

02:00 p.m. - CET

08:00 a.m. - New-York

09:00 p.m. - Tokyo

Language: The conference will be held in Russian.

Dial-in number to access the conference call is: +44 207 162 0025. To help ensure the conference begins in a timely manner, we kindly ask all participants to dial in 5 to 10 minutes prior to the scheduled start time.

To speed up the access procedure please register at: https://eventreg1.conferencing.com/webportal3/reg.html?Acc=543131&Conf=159300

The instant replay will be available at: +44 207 031 4064, pass code: 804526

Webcasted presentation could be accessed at: http://wcc.webeventservices.com/view/wl/r.htm?e=115014&s=1&k=FC54314CE7C7695F1659B99A9D119D97&cb=genesys

Shortly after the conference, the conference call recording along with the presentation slides will be available for downloading on Far East Telecom’s website: www.dsv.ru at “Quarterly Earnings” section.