OREANDA-NEWS. Rostelecom OJSC (the “Group” and the “Company”) (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announced that the following resolutions were passed at the Company’s Annual General Meeting of shareholders (“the AGM”) on June 17, 2013.

The AGM approved Rostelecom’s Annual Report and its financial statements for the fiscal year ended December 31, 2012.

Based on Rostelecom’s full year 2012 results, the AGM approved that the Company’s profit should be distributed as follows:

The Company’s equity capital is to be increased by RUB 24.51 billion, or 75.00% of 2012 net profit according to Russian Accounting Standards (“RAS”)

A dividend amounting to RUB 8.17 billion or 25.00% of 2012 net profit in accordance with RAS is to be paid, which equates to 23.18% of 2012 net profit as determined in accordance with International Financial Reporting Standards (“IFRS”), including:

a 2012 cash dividend of RUB 4.1022 per share on the Company’s Class A preferred shares, which represents 3.05% of 2012 net profit under RAS or 2.83% of 2012 net profit under IFRS on all Class A preferred shares

a 2012 cash dividend of RUB 2.4369 per share on the Company’s ordinary shares, which is equivalent to 21.95% of 2012 net profit under RAS or 20.35% of 2012 net profit under IFRS on all ordinary shares.

The shareholders have elected the following members of Rostelecom’s Board of Directors:

Ruben Abelovich Aganbegyan;

Mikhail Yurievich Alekseev;

Mikhail Mikhailovich Zadornov;

Anton Andreevich Zlatopolsky;

Sergey Borisovich Kalugin;

Yury Aleksandrovich Kudimov;

Sergey Aleksandrovich Kulikov;

Anatoly Anatolevich Milyukov;

Alexander Anatolevich Pchelintsev;

Ivan Ivanovich Rodionov;

Vadim Victorovich Semenov.

The shareholders also approved remuneration for the Board members not employed by the Government.

In addition, new editions of Rostelecom’s Charter as well as the Company’s regulations on the General Shareholders’ Meeting were approved at the AGM.

ZAO KPMG was appointed as Rostelecom’s auditor for 2013.