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UTK

December 21, 2005

Reorganization of UTK’s registrar - CJSC Registrator-Svyaz

Krasnodar, December 21, 2005:Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; OTC USA: STJSY), the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports today thaton 13th December 2005 reorganization of UTK’s registrar – CJSC Registrator-Svyaz – was completed through affiliation with OJSC Obyedinyonnaya Registratsionnaya Kompaniya (United Registration Company) (OJSC ORK).Reception of "UTK" PJSC’s shareholders will not be suspended.

All rights and obligations of CJSC Registrator-Svyaz under the agreements on keeping the register of "UTK" PJSC and its shareholders have passed to OJSC ORK by universal succession. CJSC Registrator-Svyaz started to keep the register of UTK’s shareholders in 2002 in the framework of the reorganization of regional telecoms operators in the Southern federal district.

Additional information about the Company’s Registrar and its shareholders centers can be viewed on the corporate websitehere.

 

Information about OJSC «Obyedinyonnaya Registratsionnaya Kompaniya» (?JSC ORK):

OJSC ORK has been dealing with keeping registers of securities holders since 1996 (license of the Federal Commission for Securities Market  (FCSM) of Russia No. 10-000-1-00314 dated 30.03.2004) and is a member of the Professional Association of Transfer Agent Registrars and Depositaries (PARTAD).  OJSC ORK is among the major registrar companies of Russia. The company provides services to over 580 issuers in 35 regions of the Russian Federation, including 4 insurance companies, 5 banks, joint-stock companies of almost all industries and  agroindustrial sector, federal and regional enterprises. The professional liability insurance of OJSC ORK is provided by  Voyenno-strakhovaya kompaniya (Military insurance company).

You can get more detailed information on OJSC ORK and familiarize yourself with the Rules of Keeping a Register of Securities Holders on the Internet site   www.ork-reestr.ru

 

 

 

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