OREANDA-NEWS. Rostelecom OJSC (MOEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia's national telecommunications operator, today announces the results of the Extraordinary General Meeting (“EGM”) of Rostelecom shareholders held on April 2, 2014.

The EGM approved the appointment of the following members to the Board of Directors:

Ruben A. Aganbegyan;

David Benello;

Kirill A. Dmitriev;

Anton A. Zlatopolsky;

Sergei B. Kalugin;

Igor I. Kozlov;

Mikhail Y. Lesin;

Anatoly A. Milyukov;

Mikhail I. Poluboyarinov;

Vadim V. Semenov;

Vitaly Y. Sergeichuk.

Shareholders also approved amendments to the Company's Charter aimed at extending authorities of Rostelecom's Board members in managing the Company's subsidiaries and affiliates.

Sergey Kalugin, President of Rostelecom, commented: “Our newly elected Board of Directors consists of top class professionals, whose knowledge and experience will no doubt help Rostelecom in its future development. Furthermore, for the first time in the history of our Company, we have a foreign independent director on the Board, which is a positive signal to the market as we look to strengthen investor confidence in Rostelecom. We are confident that Mr. Benello's contribution to the work of our Board and towards improving our corporate governance practices will be invaluable as we seek to meet international best practices given his impeccable reputation in financial circles and extensive managerial experience."