On March 6, 2005 Rostelecom’s Board of Directors approved the list of candidates to the Board of Directors as follows:

1. Vladimir Akulich– North-West Telecom Chief executive officer JSC;
2. Konstantin Belyaev– Deputy General Director of Svyazinvest JSC;
3. Stanislav Vartanyan– An-acting director of Investor protection Association;
4. Mikhail Vasilev– Head of NCH-Advisors, Inc St-Petersburg office;
5. Alexandr Gogol - Rector of  Saint-Petersburg State Telecommunication university;
6. Evgeny Enin– IC Russkiy Monolit General Director;
7. Dmitry Efimov– Consultant of Investor protection Association;
8. Alexandr Ikonnikov– Chairman of the Supervisory Board of Independent Directors Association;
9. Alexandr Kiselev– Deputy Minister of information technology and communication of RF;
10. Mariya Kneib– Head specialst of regional administration of Rosimutshestva in Leningrad region;
11. Denis Kulikov– Expert of Investor protection Association;
12. Dmitry Levkovsky – Vice-President of NCH Advisors, Inc Moscow office;
13. Natalya Loginova– Deputy head of asset transport and communication companies of Rosimitshestvo commercial companies;
14. Oleg Mikhailov - Director of information department of Svyazinvest JSC;
15. Oxana Petrova- Deputy Head of division Corporate Governance department JSC Svyazinvest;
16. Irina Ragozina- Director of Corporate Governance Department Svyazinvest JSC;
17. Ivan Rodionov- Managing director AIG-Brunswick Capital Management;
18. Lubov Timoshenko - Director of Mininformsvyaz department economic policy and finance;
19. Valery Yashin- Svyazinvest JSC Chief executive officer.

New members of the Board of Directors will be elected at the Annual General Shareholders’ Meeting on the results of the year 2005. According to North-West Telecom's Charter the Board of Directors consists of 11 members.

North-West Telecom’s Board of Directors also decided to include the following persons into the list of candidates to the Audit Commission of the Company:

1. Ruslan Aksyaitov- Head of division Accounting department of Svyazinvest JSC;
2. Ekaterina Erofteeva- Deputy director - Head of division of economic and tariff policy department of Svyazinvest JSC;
3. Sergey Kosarev- Deputy director of Electric communication department of Svyazinvest JSC;
4. Natalya Maliborskaya- Head specialist of  regional administration of Rosimutshestva in Leningrad region;
5. Sergey Podosinov- Head of division Internal audit department Svyazinvest JSC;
6. Igor Polovnev- Economist of Investor protection Association;
7. Igor Repin - Deputy of Acting director of Investor protection Association;
8. Ivan Topolya - Deputy head of division Accounting department of Svyazinvest JSC;
9. Natalya Utina- Head of division Economic plan and budget department Svyazinvest JSC;
10. Tamara Cherniova- Head of division Financail department Svyazinvest JSC.

New members of the Audit Commission will be elected at the Annual General Shareholders’ Meeting on the results of the year 2005. According to North-West Telecom's Charter the Audit Commission consists of 7 members.