OREANDA-NEWS. October 19, 2012. Svyazinvest (hereafter, the Company) held an extraordinary general meeting of shareholders (EGM) on October 10, 2012.

During the EGM an interested-party transaction was approved, i.e. an agreement on the purchase of additional shares in the process of their placement, which was stipulated between the Russian state represented by the Federal Property Management Agency and Svyazinvest.

Pursuant to the agreement, Svyazinvest is obliged to assign to the Federal Property Management Agency via closed subscription, and the Federal Property Management Agency is obliged to accept and pay for 420,946,248 (four hundred and twenty million nine hundred and forty six thousand two hundred and forty eight) common registered uncertificated shares of Svyazinvest with a par value of 1 (one) ruble each. The shares to be purchased by the Federal Property Management Agency are to be paid for using the following blocks of shares owned by the Russian Federation:

278,200,044 (two hundred and seventy eight million two hundred thousand and forty four common registered uncertificated shares of Bashinformsvyaz;

1,002,730 (one million two thousand seven hundred and thirty) common registered shares of Ingushelektrosvyaz;

48,196,000 (forty eight million one hundred ninety six thousand) common registered shares of Central Telegraph;

63,000 (sixty three thousand) class A preferred shares of Central Telegraph;

847,993 (eight hundred and forty seven thousand nine hundred and ninety three common registered shares of Chukotkasvyazinform;

4,904 (four thousand nine hundred and four) common registered shares of MMTS-9.