On 6th March 2007 a meeting of the Board of Directors of OJSC North-West Telecom was held, at which proposal s from its shareholders as to nominating candidates to the Company's management and control bodies were considered.

On the basis of the voting results, the following list of candidates for the elections to OJSC N.W.Telecom's Board of Directors for voting at the annual general meeting of the shareholders of the Company in 2007 was approved :

1. Vladimir Alexandrovich Akulich – General Manager of OJSC N.W.Telecom;
2. Mikhail Alexeyevich Alexeyev – Representative of   OJSC Svyazinvest;
3. Sergey Anatolyevich Bulancha – Deputy Head of the Federal Communication Agency;  
4. Mikhail Borisovich Vasilyev - Head of the representative office of NCH Advisors Inc. in St. Petersburg;
5. Valentina Fyodorovna Veremyanina – Deputy Director of the Corporate Management and Legal Support Department of OJSC Svyazinvest;
6. Alexandr   Alexandrovich Gogol – Rector of the Prof. Bonch-Bruyevich Saint Petersburg State University of Telecommunications;
7. Vladimir Borisovich Zhelonkin – Deputy General Manager of OJSC Svyazinvest;
8. Ivan Alexandrovich Zolochevsky – Director of the branch North-West Macro Region of OJSC MTS;
9. Alexandr Vyacheslavovich Ikonnikov – Chairperson of the Supervisory Board of the Association of Independent Directors;
10. Alexandr Nikolayevich Kiselyov – General Manager of OAO Svyazinvest;
11. Olga Grigoryevna Korolyova – Chief Accountant of OJSC Svyazinvest;
12. Alexandr Yevgenyevich Krupnov – President of the Union of Participant s of the Information and Communication Services Market;
13. Denis Viktorovich Kulikov – Deputy Executive Director of the Investor s' Rights Protection Association;   
14. Viktor Ivanovich Kuznetsov – Technical Manager of the branch North-West Macro Region of OJSC MTS;
15. Dmitry Vladimirovich Levkovsky – Consultant of the Moscow representative office of NCH Advisors Inc.;
16. Irina Arkadyevna Matveyeva – Deputy General Manager   – Head of the Economics and Finance Department of OJSC MGTS;
17. Oxana Valeryevna Petrova – Head of the Corporate Management and Legal Support Department of OJSC Svyazinvest;
18. Irina Mikhailovna Ragozina – Adviser of the General Manager of OJSC Svyazinvest;
19. Ivan Ivanovich Rodionov – Professor of GU Higher School of Economics;
20. Vsevolod Valeryevich Rozanov – Finance and Investment Vice-President of OJSC MTS;
21. Lyubov Stepanovna Timoshenko – Director of the Department of State Policy in the Field of Economic, Financial and Investment Activities of the RF Ministry of Information Technologies and Communication.

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

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

1. Ruslan Kyarimovich Aksyaitov – Deputy Chief Accountant, Division Head of the Accounting, Tax and Statistical Records Department of OJSC Svyazinvest ;
2. Natalya Yuryevna Belyakova – Deputy Director; of the Economics and Finance Department of OJSC Svyazinvest;
3. Svetlana Nikolayevna Bocharova – Division Head of the Accounting, Tax and Statistical Records Department of OJSC Svyazinvest ;
4. Natalya Sergeyevna Vorobyova – Division Head of the Strategic Development Department of OJSC Svyazinvest;
5. Sergey Ninelevich Kosarev – Division Head of the Strategic Development Department of OJSC Svyazinvest;
6. Igor Georgiyevich Polovnev – Economist of the Investors' Rights Protection Association;
7. Yelena Mikhailovna Rukavtsova – Director – Chief Accountant of the Accounting Centre of the branch North-West Macro Region of OJSC MTS;
8. Alexandr Igorevich Tkachyov – Chief Specialist of the Security Department of OJSC Svyazinvest;
9. Mikhail Viktorovich Topilin – Chief Specialist of the Department of PR and Relations with Regulatory Authorities of CJSC Sistem a Telecom;
10. Kirill Viktorovich Frolov – Head of the Internal Audit Department of OJSC Svyazinvest;
11. Yelena Borisovna Chernova – Chief Financial Officer of the branch North-West Macro Region of OJSC MTS;
12. Alexandr Viktorovich Shevchuk – Expert of the Investors' Rights Protection Association.

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