Moscow – March 11, 2009: Rostelecom (NYSE: ROS; RTS, MICEX: RTKM, RTKMP), Russia’s national telecommunications operator, today announced the lists of candidates to the Board of Directors and the Audit Commission of the Company.

Rostelecom’s Board of Directors approved the list of candidates to the Board of Directors as follows:

1. Yevgeny Yurchenko, General Director of Svyazinvest;

2. Mikhail Leshchenko, Adviser to Minister of Communications and Mass Media of Russia;

3. Alexey Lokotov, Deputy General Director of Svyazinvest;

4. Yelena Umnova, Deputy General Director of Svyazinvest;

5. Anton Hozyainov, Adviser to General Director of MTs NTT;

6. Alexander Provotorov, First Deputy General Director of Svyazinvest;

7. Viktor Savchenko, Deputy General Director of Svyazinvest;

8. Sergei Kuznetsov, Member of Independent Directors’ National Register of the Russian Union of Industrialists and Entrepreneurs;

9. Vladimir Bondarik, Adviser to Minister of Communications and Mass Media of Russia;

10. Maxim Tsyganov, General Director of CIT Finance Investment Bank;

11. Konstantin Malofeev, Managing Partner of MarCap Advisors Limited;

12. Marlen Manasov, Member of the Board of Directors of UBS Bank;

13. Ivan Rodionov, Professor of State University Higher School of Economics.

According to Rostelecom’s Charter the Board of Directors consists of 11 members.

Rostelecom’s Board of Directors also decided to include the following persons into the list of candidates to the Audit Commission of the Company:

1. Lyudmila Arzhannikova, Deputy Head of Division of Strategic Development Department of Svyazinvest;

2. Bogdan Golubitsky, Deputy Director of Economics and Finance Department;

3. Svetlana Bocharova, Head of Division of Accounting, Tax and Statistics Department of Svyazinvest;

4. Mikhail Batmanov, Head of Division of Corporate Governance and Legal Department of Svyazinvest;

5. Olga Koroleva, Chief Accountant of Svyazinvest.

According to Rostelecom’s Charter the Audit Commission consists of 5 members.

New members of the Board of Directors and Audit Commission will be elected at the Annual General Shareholders’ Meeting of the Company upon the results of the year 2008.