On 5th March 2009 a meeting of the Board of Directors of North-West Telecom JSC was held, which considered motions from its shareholders holding all in all at least 2% of the Company's voting shares as to proposing candidates for the positions in the Company's management and control bodies.

Based on the voting results, the following list of candidates for the elections to JSC N.W.Telecom's Board of Directors was approved:  

- Vladimir I. Adzhalov, President, LLC Optical Communication Equipment and Technologies;

- Igor V. Belikov, Director, NP Russian Institute of Directors;

- Bogdan I. Golubitsky, Deputy Director of the Department of Economics and Finance, Svyazinvest JSC;

- Viktor I. Koresh, Vice-President for Regional Development, COMSTAR-OTS JSC, General director, STREAM-TV CJSC;

- Denis V. Kulikov, Executive Director, Investors' Rights Protection Association;  

- Dmitry V. Levkovsky, Corporate Governance Director, Moscow representative office, NCH Advisors, Inc.;

- Mikhail A. Leshchenko, Counselor, RF Communications Ministry;

- Oxana V. Petrova, Division Head of the Corporate Governance and Legal Support Department, Svyazinvest JSC;

- Alexandr Y. Provotorov, First Deputy General Manager, Svyazinvest JSC;

- Ivan I. Rodionov – Professor, GU Higher School of Economics;

- Yelena V. Umnova, Deputy General Manager, Svyazinvest JSC;

- Nadezhda V. Filippova, Deputy General Manager, Svyazinvest JSC;

- Yevgeniy V. Yurchenko, General Manager, Svyazinvest JSC;

- Valery N. Yashin, Chairman of the Board of Directors, Svyazinvest-Media JSC.

The new Board of Directors of North-West Telecom JSC will be elected at the annual general meeting of the shareholders by cumulative voting. According to the Articles of Association of JSC N.W.Telecom, the Company's Board of Directors consists of 11 members.  

The Board of Directors of North-West Telecom JSC has taken a decision to include the following candidates in the voting list for election to the Audit Committee:  

- Vitaly V. Bekin, Deputy Division Head of the Corporate Governance and Legal Support Department, Svyazinvest JSC;

- Svetlana N. Bocharova, Division Head of the Accounting, Tax and Statistical Records Department, Svyazinvest JSC;

- Tatyana Y. Zubova, Division Head of the Accounting, Tax and Statistical Records Department, Svyazinvest JSC;

- Olga G. Korolyova, Chief Accountant, of Svyazinvest JSC;

- Yuliya A. Klyus, Group Leader of the Department of Economics and Finance, Svyazinvest JSC;

- Sergey Vladimirovich Podosinov, Deputy Head of the Internal Audit Department, Svyazinvest JSC;

- Sergey V. Pokrovsky, Expert, Association for Investors' Rights Protection;

- Pavel Y. Puchkov, Chief Specialist of the Strategic Development Department, Svyazinvest JSC.

The new Audit Committee will be elected at the annual general meeting of the shareholders. According to the Articles of Association of N.W.Telecom, the Company's Audit Committee consists of 7 members.