OREANDA-NEWS. May 27, 2011. Rostelecom (the “Company”) (MICEX: RTKM, RTKM-002D - RTKM-017D, RTKMP; RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces its development strategy for the period of 2011- 2015, which has been approved by the Board of Directors on May 13, 2011.

According to the market research conducted by the Company, the structure of the Russian telecommunications market is currently undergoing significant changes and Rostelecom shall therefore focus on the development of wireline and wireless broadband services for private clients and the corporate services segment, in order to further strengthen the Company’s market positions.