OREANDA-NEWS. Svyazinvest (hererafter, the Company) hereby announces the results of its Board of Directors meeting, held by absentee balloting.

The Board of Directors examined issues placed by the Company’s shareholders on the agenda of the Annual General Meeting of Shareholders (AGM) and a list of candidates for election to the Board of Directors and the Audit Committee of the Company during the AGM.

The Board of Directors of the Company passed a resolution to include the following issues in the AGM agenda:

Approval of the Company’s Annual Report.

Approval of the annual accounting reports, including the Company’s Income Statement (P&L accounts).

Approval of the Company’s profit distribution for 2012.

On the size, schedule and form of dividend payouts for 2012.

On the payment of remuneration for work performed as part of the duties of Board of Director members – private employees in the amount provided for in the Company’s in-house documents.

Election of members of the Company’s Board of Directors.

Election of members of the Company’s Audit Committee.

Approval of the Company’s Auditor.

The Board of Directors approved the list of candidates for voting on elections to the Board of Directors of the Company at the AGM. The list included:

1. Ruben A. Aganbegyan;

2. Mikhail M. Zadornov;

3. Yury A. Kudimov;

4. Sergey V. Malinov;

5. Naum S. Marder;

6. Alexander Yu. Provotorov;

7. Ivan I. Rodionov;

8. Vadim V. Semenov;

9. Alexander A. Trubetskoy;

10. Anton A. Khozyanov;

11. Evgeny L. Yurev;

12. Vadim M. Yakovlev.

The Board of Directors approved the list of candidates for voting on elections to the Audit Committee of the Company at the AGM. This list included:

1. Irina V. Zelentsova;

2. Alexander V. Kolesnikov;

3. Yulia V. Krasnopolskaya;

4. Natalia A. Logunova;

5. Oleg A. Musienko;

6. Vitaly Yu. Nedykhalov;

7. Roman A. Frolov.

The Board of Directors examined other issues pertaining to the Company’s internal activities.