OREANDA-NEWS. November 3, 2010. Sibirtelecom held an extraordinary general shareholders meeting in the form of absentee voting.

The Company’s shareholders reviewed the following issues:

1. On paying out dividends on the results of the first nine months of 2010 as follows:

0.0000000025125909% of the Company’s net profit for 9M10 per one class A preferred share;

0.0000000012659577% of the Company’s net profit for 9M10 per one common share;

2. On making amendments to the Statute on the Board of Directors of Sibirtelecom;

3. On the annual remuneration payable to members of the Board of Directors of Sibirtelecom, who performed their duties after the annual general shareholders meeting held on June 5, 2010.

On issue No. 1 (On paying out dividends on the results of the first nine months of 2010) a decision was adopted.

On issues No. 2 and No. 3 (On making amendments to the Statute on the Board of Directors of Sibirtelecom and On the annual remuneration payable to members of the Board of Directors of Sibirtelecom, who performed their duties after the annual general shareholders meeting held on June 5, 2010) no decisions were adopted.

Official information on the results of the extraordinary general shareholders meeting will be announced after minutes on the meeting are compiled in accordance with Article 63 of the Federal Law “On Joint Stock Companies”.  This information will be posted on the Company’s corporate website in the section entitled “For investors and shareholders”.