Svyazinvest holds Board of Directors meeting

Svyazinvest (hereafter, the Company) held a Board of Directors meeting on May 17, 2013 in Moscow.

The Board of Directors of the Company examined issues pertaining to the reorganization of Svyazinvest by way of a merger with Rostelecom.

The Board of Directors of Svyazinvest adopted the decision to convene an extraordinary general meeting of shareholders on June 20, 2013 at 3 p.m. at the following address: 55 Plyushikha St. bldg. 2 with the agenda as follows: On the reorganization of Svyazinvest by way of a merger with Rostelecom.

According to the approved reorganization procedure, alongside the merger of Svyazinvest with Rostelecom, other companies are also to be merged, including a number of Rostelecom subsidiaries, as well as Ingushelektrosvyaz.

The Board of Directors of the Company assigned the General Director of Svyazinvest to ensure that the Company’s appointees vote YES at the general meeting of shareholders of Rostelecom on the issue “On the reorganization of the Company by way of a merger with National Telecommunications, National Cable Networks, Saint Petersburg Cable Television, Elkatel, National Cable Networks – Asia, Novosibirsk Antenna-Cable Television Broadcasting, Mostelecom, Teleset, Teleset Invest, TNKPO, Simbirsk Telecommunications Systems, Svyazinvest, Russian Telecommunications Network, Novgorod Datacom, Parma Inform, Enter and Ingushelektrosvyaz and approved the respective merger agreements.

The Board of Directors of the Company instructed the General Director of Svyazinvest, who, on behalf of the Company, acts as the sole executive authority of Ingushelektrosvyaz to adopt the decision on the reorganization of Ingushelektrosvyaz by way of a merger with Rostelecom.

The meeting was attended by the following persons:

• Alexander A. Trubetskoy;
• Mikhail M. Zadornov;
• Yury A. Kudimov;
• Alexander Yu. Provotorov;
• Ivan I. Rodionov;
• Vadim V. Semenov.