OREANDA-NEWS. On 12 March 2009 was announced, that Svyazinvest (hereinafter, the company) held a regular board of directors meeting, which was attended by the following:

•        Mikhail Robertovich Buturin, managing director of VTB Invest;

•        Mikhail Alexandrovich Leshenko, advisor to the RF minister of telecommunications;

•        Marlen Jeraldovich Manasov, member of the board of directors of UBS Bank;

•        Leonid Dodojonovich Reiman, advisor to the President of the Russian Federation;

•        Ivan Ivanovich Rodionov, professor of state university High School of Economics;

•        Nikita Dmitrievich Ryauzov, managing director of MDM Bank;

•        Vitaly Gennadievich Savelev, first vice president/head of business unit for the development of telecommunications assets at AFK Sistema.

Ivan Rodionov was elected to preside over the Company’s board of directors meeting.

The Company’s board of directors meeting addressed the following issues on the agenda:

•        Examining proposals by shareholders on placing issues on the agenda of the Company’s annual general shareholders meeting;

•        Examining shareholders’ proposals to name appointees for election to the Board of Directors of the Company at the Company’s annual general shareholders meeting;

•        Examining shareholders’ proposals to name appointees for election to the Audit Committee of the Company at the Company’s annual general shareholders meeting;

The following decisions were adopted at the board of directors’ meeting:

1) To include the following items on the agenda of the Company’s annual general shareholders’ meeting:

•        Approval of the Company’s annual financial statement;

•        Approval of the annual accounting reports, including the profit and loss statements (profit and loss accounts) of the Company;

•        Approval of allocation of the Company’s profit from the results of 2008;

•        On the size, schedule and form of dividend payouts on the results of 2008;

•        Election of members of the Board of Directors (supervisory committee) of the Company;

•        Election of member of the Audit Committee (auditor) of the Company;

•        Approval of the Company’s Auditor.

2) To include the following candidates to the list of candidates for voting in election for the Board of Directors of the Company at the Company’s annual general shareholders’ meeting:

•        Mikhail Robertovich Buturin, managing director of VTB Invest;

•        Mikhail Alexandrovich Leshenko, advisor to the RF minister of telecommunications;

•        Konstantin Jeraldovich Malofeeyev, managing partner of Marshall Capital Partners, a direct investment fund;

•        Marlen Jeraldovich Manasov, member of the board of directors of UBS Bank;

•        Sergey Vladimirovich Pridantsev, president of Comstar-OTS;

•        Leonid Dodojonovich Reiman, advisor to the President of the Russian Federation;

•        Ivan Ivanovich Rodionov, professor of state university High School of Economics;

•        Nikita Dmitrievich Ryauzov, managing director of MDM Bank;

•        Vitaly Gennadievich Savelev, first vice president/head of business unit for the development of telecommunications assets at AFK Sistema.

3) To include the following candidates to the list of candidates for voting in election for the Audit Committee of the Company at the annual general shareholders’ meeting:

•        Denis Nikolaevich Afanasyiev, division head of department of RF Ministry of Telecommunications;

•        Galina Vladimirovna Zakharyasheva, deputy head of department/chief accountant of RF Ministry of Telecommunications;

•        Svetlana Georgievna Krzhevskaya, head of department of internal audit and control, Comstart-OTS;

•        Alexander Vyacheslavovich Narukavnikov, head of department of RF Ministry of Telecommunications;

•        Kirill Alekseyevich Stepanenko, deputy division head of RF Economic Development Ministry;

•        Viktoria Gennadyevna Chernousova, division advisor in department of Federal Property Management Agency

•        Dmitry Mikhailovich Churin, head of department of international financial reports, Comstar-OTS.