Moscow, Russia – January 23, 2013 – Rostelecom OJSC (the “Group”) (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that the coupon for the Series 18 bonds has been set at 8.20% per annum, with a period of 182 days. The bonds, totalling a nominal value of RUB 10 billion, will have a maturity of 5 years from placement.

During the course of marketing the bonds, book orders were placed by 52 investors for a total of RUB 22.7 billion. Rostelecom accepted 43 of the 52 book orders given the current market situation and the level of investor demand for the bonds.

Rostelecom’s Series 18 bonds are expected to be placed on the MICEX–RTS Stock Exchange and settled on January 30, 2013.

Anton Khozyainov, Senior Vice President of Rostelecom, commented: “Based on the strong investor appetite for Rostelecom’s Series 18 bonds, we have decided to open our order book for an additional RUB 5 billion of our Series 15 bond issue. We will keep you updated on any progress with regards to this latest issue.”

VTB Capital CJSC, Gazprombank OJSC and CJSC “Sberbank CIB” are acting as the deal’s organisers. RONIN LLC and REGION Broker Company LLC are acting as its underwriter.