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Mobile TeleSystems

January 25, 2006

Announcement of the date of the Extraordinary General Meeting of shareholders

Moscow, Russian Federation – January 25, 2006 – Mobile TeleSystems OJSC (“MTS” — NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announces the date of the extraordinary general meeting of shareholders.

At Sistema’s1 request, MTS’ Board of Directors has set the date for the Company’s extraordinary general meeting for March 28, 2006.

Issues entered into the extraordinary general meeting’s agenda by the Company’s Board of Directors include early termination of its members’ duties and the election of new candidates to the Board.

1Sistema (LSE: SSA) is the largest private sector consumer services company in Russia and the CIS.

 

 

 

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