Krasnodar, June 27, 2005:  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 that on June 24, 2005 its top management met in the Krasnodar central office with the representatives of western and Russia investment management funds including portfolio managers from Lombard Odier, PIO Global Asset Management, Firebird Management and others as well as with the members of Alfa-bank analytical department. The investment funds represented at the meeting have client assets under management totaling over 100 billion US dollars.

The Management of "Southern Telecommunications Company" PJSC made a presentation of the Company’s performance results and strategy, discussed the Company’s business including development of new value-added services. The Management holds such meetings on a regular basis thus contributing to improvements in the Company’s communications with the investment community, enhancement of the business profile and appreciation of its share capital.

"UTK" PJSC is always open to new contacts and ready to meet with shareholders and investors. We would be glad to receive your proposal on holding a meeting to discuss performance results and development prospects of the Company. Please, contact IR Team of "UTK" PJSC:

For any further information please contact:

UTK IR Team

phone + 7 861 253 20 30, fax + 7 861 253 19 69, e-mail: pmaleev@mail.stcompany.ru

UTK PR Team

phone + 7 861 259 56 99, fax + 7 861 259 56 99, e-mail: dali@mail.stcompany.ru

Southern Telecommunications Company PJSC, or UTK, is the principal provider of fixed line telecommunications for Russia’s Southern Federal District, a region covering 520 ths sq km with population of 18.7 million people. "UTK" PJSC  provides various telecom services of local and long-distance telephony, broad range of value-added services (VAS) (services of Internet, IP-telephony, ISDN, VPN, CTV and others).  Total revenue of "UTK" PJSC for the year 2004 is up 24% to RUR 16.8 bln, EBITDA is up 25%  to RUR 4.3  bln (RAS). Number of basic telephone sets operated by "UTK" PJSC makes 4 million units. During 2004 UTK increased its market share of local fixed- line services  to 83%, value-added services – to 44%.

UTK is a subsidiary of Svyazinvest holding which owns 38% of the Company’s authorized capital. UTK shares are traded in the Classic Market of NP “RTS SE” (KUBN; KUBNP), OJSC “RTS” (KUBNG; KUBNPG)), in   the stock section of the Moscow Interbank Currency Exchange (MICEX) (UTEL; UTELP). One unit of American Depositary Receipt of "UTK" PJSC  represents 50 common shares of the Company. UTK ADRs are traded in the US over-the-counter market (STJSY), and quoted in the over-the counter market of Frankfort and Berlin Stock Exchanges (KUE) and NEWEX (KUE).

Additional information about the Company  can be accessed on the website at www.stcompany.ru, in the Information Disclosure System  SKRIN Issuer, in KUBN_RU of the systems Bloomberg and Reuters as well as on the web-portal Rustocks.com.