1. Rostelecom 2.0 – the new leader in the Russian market

2. Rostelecom 2.0 ownership structure

3. Revenue (2010)* USD 2 B Market capitalization, (Jan,2011) USD 4,8 B Employees19,000 Shares controlled by the State50,7% Backbone160,000 km Customers (DLD/ILD)25 M Traffic volume per month voice1,2 B min data290 PB * Preliminary data Rostelecom 1.0 at a glance 42% 57% 36% 29% 35% 58% DLD/ILD Telephony Internet AccessTermination & Hubbing Leased LinesVPNIP-Transit Position of Rostelecom & Inter-Regional Companies in the key segments in 2010

4. 4 Fix telephony 30 M broadband – xDSL6.5 M broadband – FTTx0.9 M Mobile11 M Subscriber base (beginning of 2011) Fix business opportunities of Rostelecom 2.0 Expanded network coverage Better quality coverage Advanced development of NGN Plenty of access technologies Increased broadband penetration based on FTTx Extended product portfolio – 3-play products Strong positions at wholesale, corporate, and consumer market segments Improved operational efficiency Stable financial position Expanded coverage

5. 5 New operator, Rostelecom 2.0 Competitive Strengths Strong fundamentals supporting growth in the Russian telecommunications market. Leading/significant positions in all segments of the Russian telecommunications market. Largest network infrastructure in Russia, with regulatory permits to support future growth. Strong brand awareness and marketing expertise. Solid financial platform for further development. Experienced management team.

6. Telecommunications network is ready to meet growing demand for bandwidth 2010 Increase the capacity – up to 3.2 Tbps100% reservation New line

7. Backbone connectivity West South East Cross-border link Over 10 direct cross-border links with neighboring countries: Estonia, Latvia, Lithuania, Finland, Ukraine, Belarus, Georgia, Azerbaijan, Kazakhstan, China and Japan for transit services to Europe, South-East, Middle East, and Japan. Partners’ infrastructure for connectivity to Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan, Armenia, Iran.

8. IP/MPLS Network Capabilities Sweden, Stockholm, Telecity Bromma, Mariehallsvagen 36, Germany, Frankfurt, Ancotel GmbH, Kleyerstr. 90 London, UK, Telehouse East, 14 Coriander Ave China, Hong Kong, HK Colo Netherlands, Amsterdam, Global Switch Amsterdam International POPs Core router PE router Data center To provide IP network connectivity Rostelecom has presence in DE-CIX, KleyrexIX, Netnod, LINX, AMS-IX, MSK-IX, sets up interconnections to Tier 1 ISPs and private peers with leading telcos.

9. OJSC Rostelecom 14, 1st Tverskaya-Yamskaya St., Moscow, 125047, Russia Phone +7 499 972 8283 Fax +7 499 972 8118 www.rt.ru