Krasnodar, August 1, 2006 – Southern Telecommunications Company (“UTK”) (RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District reports today that the Board of Directors of the Company adopted a decision to approve the following composition of UTK’s Management Board 9 persons in number and to determine its term of office from August 1, 2006 till August 1, 2007 inclusive (Minutes  ? 5 of August 1, 2006):   Name Place of employment and position held 1.  A.V. Andreev  Chairman of the Management Board – General Director   of "UTK" PJSC 2.   Ye.N. Poyarkov  Director of Security Department, “Svyazinvest” OJSC 3.       L.I. Devyatkina  Deputy Director of Capital Investments Department – Head of Logistics Section, “Svyazinvest” OJSC 4.    Ye.B. Rzhevsky  Technical Director, "UTK" PJSC 5.       D.Yu. Kondrakov  Commercial Director, "UTK" PJSC 6.       V.A. Statuev  Deputy Director General – Director for Security and Secrecy Regime, "UTK" PJSC     7. S.P. Borodin  Deputy Director General for Information Technologies – Director of UTK’s branch «Center of New Technologies» 8. T.V. Rusinova  Chief Accountant, "UTK" PJSC     9. Yu.V. Metla  Director of UTK’s branch “Rostovelectrosvyaz”