Ekaterinburg – November 24, 2005 - Uralsvyazinform (RTS and MICEX: URSI/URSIP, ADR: UVYZY/UVYZYP), the leading carrier of fixed-line and mobile services in the Urals region, Russia reports on the successful placement of its 6th series bond issue worth RUR 2bln.

Today, November 24, 2005, Uralsvyazinform placed its 06 series ruble bond issue at MICEX. The issue worth RUR 2 bln was placed in full.

68 bids equivalent to RUR 3.454 bln were made by investors during the auction. The first coupon rate was fixed at 8.20% p.a. The effective YTM amounted to 8.37% p.a. The bonds, unplaced during the auction (RUR 187mln), were placed by the end of the trading session on the same day.

The lead manager is ?KB “Svyaz-Bank”. Co-managers are ??? “Deutsche Bank” and ZAO AKB “Promsvyazbank”. ZAO “Investment company AVK” acts as financial advisor. The issue coordinator is OAO Svyazinvest. Besides the issue managers, the bond placement syndicate includes AK BARS, Bank Zenit, Bank Soyuz, Megatrustoil, NOMOS, Promstroybank.

Anatoly UFIMKIN, CEO commented on the placement results: “On behalf of the Company I would like to thank all managers and participants of 06 series bond issue placement. It is the first long-term loan for the Company - six years with partial redemption starting in 4 years. The successful bond placement with new parameters shows high evaluation of the business development, market perspectives and strength of financial situation of the Company by investors. Having a reputation of reliable debtor and stainless credit history, our Company always efficiently and in proper time meets our engagements. Therefore, I can congratulate all the buyers on successful investment decision”.

Issue parameters: non-convertible interest-bearing documentary bearer bonds of 06 series. The bonds have nominal value of RUR 1,000 (one thousand) with obligatory centralized custody. The total amount is 2 000 000 (two million) making the total value of RUR 2,000,000,000 (two billion). State registration number: 4-09-00175-A dated November 03, 2005. The issue documents stipulate for the partial redemption of the bonds made in 20% portions of issue par every half year since 1456th day since the issue placement starting date. The Board of Directors has decided to provide a buyback offer for the bonds of the issue, which would open on the third working day of the seventh coupon period (November 24, 2008). The bonds are placed through a public subscription.