OREANDA-NEWS. On 15 July 2009 was announced, that the Board of Directors of Svyazinvest (hereinafter referred to as the Company) held a meeting of the Board of Directors, which was attended by the following people:

Mikhail Robertovich Buturin, managing director of VTB-Invest;

Mikhail Alexandrovich Leschenko, advisor to the Minister of Telecommunications and Mass Media of the Russian Federation;

Konstantin Valeryevich Malofeev, managing partner of Marshall Capital Partners, a direct investment fund;

Marlen Djeraldovich Manasov, member of the board of directors of UBS Bank;

Sergey Vladimirovich Pridantsev, president of Comstar-OTS;

Leonid Dododjonovich Reiman, advisor to the President of the Russian Federation;

Ivan Ivanovich, professor of state university Higher School of Economics;

Nikita Dmitrievich Ryauzov, managing director of MDM Bank.

The issues placed on the agenda of the Company’s Board of Directors meeting included the following:

1. On electing the Chairman of the Board of Directors of the Company; 

2. On a petition addressed to the Russian Federal State Property Management Agency on increasing purchases of Russian production.

The Board of Directors also reviewed a number of other issues concerning the Company’s in-house activities.

The following decisions were adopted at the end of the Board of Directors’ meeting:

1. To elect Leonid Dododjonovich Reiman as chairman of the Board of Directors.

2. To instruct the Board of Management of the Company to work out and submit for review to the Board of Directors a single technical policy, and also a program to expand the utilization of domestically produced telecommunications equipment, domestic technology, materials and applications which are used to build telecom networks and facilities as part of the Company’s overall rollout strategy.