Moscow, April 11, 2005. CenterTelecom (RTS: ESMO, ESMOP; MICEX: CTLK, CTLKR; OTC: CRMUY), a major wireline telecommunications provider, conducted a teleconference call and webcast to discuss Y 2004 earnings.

The Company's General Director Ruben Amaryan conducted the webcast. He spoke about the company's technical development plans, the major trends in business development as well as the company's opportunities for expansion outside the Central Federal Region.

In the evening of the same day a teleconference call for the representatives of the investment community was held by Deputy General Director Arevshad Vartanyan. He presented non-audited unconsolidated Y 2004 financials, gave an estimate of the company's operating results, talked about the future development, and also answered the questions from the analysts.

The webcast materials are available at the company's website, www.centertelecom.ru .

A replay of the conference call will be available until April 18, 2005 at the following telephone numbers:

• Moscow: +44 020 8515 2499 - Pincode 647165#
• UK: +44 020 8515 2499 - Pincode 647165#
• USA: +1 877 289 8525 - Pincode 21119764#

For more information please contact:

Director of Securities and Corporate Management Department
Elena Romskaya
+7(095)793-23-19
E-mail: esidorovich@centertelecom.ru

Head of Investors Relations Department
Andrey Kalinchenko
+7(095)793-23-40
E-mail: kalin@centertelecom.ru

Director of Information Policy Department
Yana Lavrentyeva
+7(095)793-24-86
E-mail: pr@centertelecom.ru
www.centertelecom.ru

CenterTelecom is a leading fixed telecommunications company providing a wide range of telecom services in the Central Federal District, where over 20% of the population of Russia resides. CenterTelecom offers the full range of telecommunication services, including fixed telephony, Internet, IP-telephony, data transmission, cable TV, wired and VHF broadcasting. The company actively develops modern multiservice and SDH networks as well as new WLL systems. The Company trades on RTS (ESMO, ESMOP), Moscow Interbank Currency Exchange (CTEL, CTELP) and has ADR Level 1 common stock program (CRMUY).