Dear Ladies and Gentlemen!

Hereby, Southern Telecommunications Company informs that on August 4, 2006 the on-line conference “UTK’s 2005 financial results in accordance with International Financial Reporting Standards (IFRS)” will be held on the site IK «FINAM» (www.finam.ru). We invite you to take part in the conference.

The following top managers of "UTK" PJSC will participate in the conference: 

• Alexander Andreev – General Director;
• Alexander Dobryakov - Deputy Director General for Economics and Finance;
• Yevgeny Rzhevsky – Technical Director ;
• Denis Kondrakov  - Commercial Director;  
• Tatiana Rusinova - Chief Accountant; 
• Svetlana Fefilova – Adviser of UTK’s General Director;
• Victoria Scherbakova – Securities Department Director;
• Ivan Kim - Information Department Deputy Director;

The conference will be held from 14:00 p.m. to 15:30 p.m., Moscow time.

You can ask any questions on the Company’s main activities.

The on-line conference will be held in the form of a forum in Russian. Your question will appear in the forum together with the answer to it.

You can ask your questions both on-line and in advance.

The conference materials will be published on the corporate site on August 4, 2006 at 10:00 a.m., Moscow time here.