On April 6, 2005, joint-stock commercial bank “Svyaz Bank” performing the functions of the Payment Agent for the OJSC North-West Telecom bonds paid in full the 6th coupon income on the 2nd issue of OJSC North-West Telecom bonds. The list of persons authorized to receive the coupon income on bonds was prepared as of March 30, 2005. The rate of the 6th coupon is 13.2% per annum, each bond earned RUR 32.91. The total amount allocated for paying the 6th coupon was RUR 49.365 million.

The 2nd issue of OJSC North-West Telecom bonds are interest-bearing bearer documentary bonds with the centralized storage, series 02. State registration No. 4-02-00119- ?, placed on October 8, 2003. The volume of the issue is 1,500 million rubles, number of bonds: 1.5 million with the par value of 1,000 rubles, maturity period 4 years,16 coupon periods. The next (7th) coupon period will be 3 months, the coupon will be paid on July 6, 2005 at the rate of 13.2% per annum. The Payment Agent of the loan is joint-stock commercial bank “Svyaz Bank”.