NOTIFICATION OF EXTRAORDINARY GENERAL SHAREHOLDERS’ MEETING

NOTIFICATION OF ROSTELECOM EXTRAORDINARY GENERAL SHAREHOLDERS’ MEETING

DEAR SHAREHOLDER!

Notice is hereby given that Open Joint Stock Company Long-distance and International Telecommunications Rostelecom (hereinafter referred to as OJSC Rostelecom or the Company), located at 15 Dostoevskogo st., St. Petersburg, 191002, Russia, has decided to convene and conduct the Company’s Extraordinary General Shareholders’ Meeting in the form of absentee voting (hereinafter referred to as the Meeting or EGM), in compliance with Article 16 of the Company’s Charter, Article 65 of the Federal Law On Joint-Stock Companies No. 208-FZ dated December 26, 1995 and the decision of the Company’s Board of Directors dated May 15, 2013. The deadline for accepting voting ballots: June 26, 2013. Postal address for mailing voting ballots: OJSC “Obyedinennaya Registratsionnaya Kompaniya” (“United Registration Company”, the company running the register of the Company’s shareholders), 30 ulitsa Buzheninova, Moscow 107996, Russia. The list of persons who have the right to attend the Meeting is determined according to the register of the Company’s shareholders as of May 15, 2013.

The Meeting Agenda: 1. Reorganization of the Company in the form of merger with and into the Company of Open Joint Stock Company Svyazinvest, Open Joint Stock Company NATIONAL TELECOMMUNICATIONS, Open Joint Stock Company National Cable Networks, Open Joint Stock Company St. Petersburg Cable Television Company, Closed Joint Stock Company ELKATEL, Open Joint Stock Company National Cable Networks – EuroAsia, Closed Joint Stock Company Novosibirsk Antenna Cable Television Broadcasting, Closed Joint Stock Company Teleset-Service, Closed Joint Stock Company ELTELEKOR, Open Joint Stock Company Mosteleset, Open Joint Stock Company Mostelecom, Closed Joint Stock Company TELESET, Closed Joint Stock Company TELESET INVEST, Open Joint Stock Company TNPKO, Closed Joint Stock Company Simbirsky Telecommunications Systems, Closed Joint Stock Company Svyazinvest, Open Joint Stock Company Russian Telecommunications Network, Closed Joint Stock Company Novgorod Datacom, Closed Joint Stock Company Parma-Inform, Closed Joint Stock Company ENTER and Open Joint Stock Company Ingushelektrosvyaz. Right to vote on agenda item No.1 is given to holders of Rostelecom’s ordinary and Type A preference shares as of record as of May 15, 2013. Holders of voting stock are entitled to require buyback of all or a portion of their shares by the Company in case of the Company’s reorganization, if they voted “AGAINST” the agenda issue No.1 on reorganization or did not participate in the voting on this issue. Information on procedure and terms of share buyback is presented in Appendix 1 hereto - “Notification of the right to demand buyback of shares by the Company”. A shareholder may vote personally or by authorized representative. The proxy of the authorized representative must be legalized pursuant to Clauses 4 and 5 of Article 185 of the Civil Code of the Russian Federation or signed by a notary. The Meeting notification and voting ballots will be sent by registered mail to shareholders being on the list of persons entitled to participate in the Meeting. Under Clause 3 of Article 52 of the Federal Law “On Joint-Stock Companies”, and items 18.3 and 18.5 of the Company’s Charter the following list of information (materials) shall be available at Rostelecom’s and its branches’ premises, from the authorized representatives to shareholders entitled to participate in the Meeting 30 days prior to the date of the Meeting, so shareholders can become acquainted with the materials relating to the issues of the Meeting’s holding:  Notification of the Extraordinary General Shareholders’ Meeting;  Information on the agenda item regarding the Company’s reorganization: . Merger Agreements on the merger with and into the Company of Open Joint Stock Company Svyazinvest, Open Joint Stock Company NATIONAL TELECOMMUNICATIONS, Open Joint Stock Company National Cable Networks, Open Joint Stock Company St. Petersburg Cable Television Company, Closed Joint Stock Company ELKATEL, Open Joint Stock Company National Cable Networks – EuroAsia, Closed Joint Stock Company Novosibirsk Antenna Cable Television Broadcasting, Closed Joint Stock Company Teleset-Service, Closed Joint Stock Company

1 NOTIFICATION OF EXTRAORDINARY GENERAL SHAREHOLDERS’ MEETING

ELTELEKOR, Open Joint Stock Company Mosteleset, Open Joint Stock Company Mostelecom, Closed Joint Stock Company TELESET, Closed Joint Stock Company TELESET INVEST, Open Joint Stock Company TNPKO, Closed Joint Stock Company Simbirsky Telecommunications Systems, Closed Joint Stock Company Svyazinvest, Open Joint Stock Company Russian Telecommunications Network, Closed Joint Stock Company Novgorod Datacom, Closed Joint Stock Company Parma-Inform, Closed Joint Stock Company ENTER and Open Joint Stock Company Ingushelektrosvyaz (hereafter referred to as Merging companies); . substantiation of the terms and conditions and arrangements of the reorganization contained in Merger Agreements on the merger with and into the Company of Merging Companies; . draft acts of transfer of Merging companies; . annual reports and annual financial statements of the Company and Merging companies for the last three financial years preceding the EGM (2010, 2011, 2012); . quarterly financial statements of the Company and Merging companies for the last quarter preceding the EGM (Q1 2013); . report of independent appraiser Ernst&Young Valuation and Consulting Services LLC on market price valuation of the Company’s shares for the purpose of buyback of shares by the Company from shareholders; . calculation of value assessment of the Company’s net assets as of March 31, 2013; . excerpt from minutes No.40 as of March 27, 2013 of the Board meeting as of March 27, 2013 when the decision was taken to determine buyback price of the Company’s shares.  Notification of the right to demand buyback of shares by the Company.

At the request of a shareholder entitled to participate in the Meeting, the Company shall provide him/her with copies of the above-specified documents within 7 days from the date of the submission of the appropriate request to the Company. The fees charged by the Company must not exceed their production costs. Information about the fees and payment details is available at http://www.rostelecom.ru/ir/information_for_shareholders/copies_of_documents/. A shareholder also has the right to demand that the materials specified in the request are sent to him by mail, if the shareholder covers mailing costs. Under Clause 35.3 of the Company’s Charter, these materials are given, if the request for these materials contains surname, name, patronymic, passport data (for legal entities – full name, location, state registration details), personal account number in the register of the Company’s shareholders, the amount, class (type) of shares owned and the name of the requested document. The Meeting materials are available on Rostelecom corporate website www.rostelecom.ru by choosing “Investor Relations” - “Shareholder Meetings” - “EGM 2013”.

Sincerely yours, OJSC Rostelecom

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Addresses of Rostelecom authorized representatives for the Extraordinary General Shareholders’ Meeting

Authorized Branches’ Name Telephone Email Postal address representative (499) 999-82-83 Timofey Lavoshnikov lavoshnikov@ rt.ru ext. 1921 (499) 999-82-83 Maria Samarina [email protected] ext. 1295 OJSC Rostelecom Corporate Center (499) 999-82-83 14, 1st Tverskaya-Yamskaya Maria Suhanova [email protected] Department of Corporate ext. 1165 st., Moscow, 125047 Governance (499) 999-82-83 Dmitriy Yakhmenev [email protected] ext. 1090 (499) 999-82-83 Alexander Rybalchenko [email protected] ext. 1018 North-West Marina Smoleva (812) 719-92-40 [email protected] Macroregional Branch 14/26 Gorokhovaya st. (26 Section of Corporate Bolshaya Morskaya st.), Support Svetlana Pegova (812) 719-92-42 [email protected] St. Petersburg, 191186

Volga Macroregional Ilya Sayapin (831) 437-54-88 [email protected] Branch Dom Svyazi, Maksima Tatyana Bagaeva (831) 437-54-39 [email protected] Gorkogo area, Nigniy Section of Corporate Novgorod, Nigniy Novgorod Support Elena Popova (831) 437-50-41 [email protected] Region 603000

Siberia Macroregional Marina Ilykhina (383) 219-13-08 [email protected] Branch 53 Maksima Gorkogo st. Elena Bodrova (383) 219-11-96 [email protected] Novosibirsk, Novosibirsk Section of Corporate Region, 630099 Support Lyubov Hitrokova (383) 219-14-33 [email protected] South Macroregional Branch (861) 259-25-38 59 Krasnaya st., Krasnodar, Anna Lyubich [email protected] Section of Corporate (861) 253-43-60 Krasnodar Region, 350000 Support

Ural Macroregional Dmitriy Zaichko (343) 379-12-17 [email protected] Branch 11, Moskovskaya st, Ekaterinburg, Sverdlovsk Section of Corporate Roman Larin (343) 376-21-60 [email protected] region, 620014 Support Nadezhda Chestvilova (343) 379-18-58 [email protected] (423) 220-85-00, Far-East Macroregional Natalya Yakovleva [email protected] Branch ext. 1731 57 Svetlanskaya st., Section of Corporate (423) 220-85-00 Vladivostok, Primorskii kray, Support Aleksey Skrilnikov ext.1013 [email protected] 690950 (423) 222-28-64 Center Macroregional Tatyana Vedeneeva (495) 793-26-54 [email protected] Branch 31G Shabolovka st., Section of Corporate Sergey Grushin (495) 793-23-58 [email protected] Moscow, 115162 Support

Contact information of Rostelecom’s registrar:

OJSC “Obyedinennaya Registratsionnaya Kompaniya” (“United Registration Company”) Postal address: 30 ulitsa Buzheninova, Moscow 107996, Russia Moscow office: 30 ulitsa Buzheninova, 2nd floor, Moscow, Russia (Preobrazhenskaya proshad underground station) Telephone: +7 (495) 775 18 20 E-mail: [email protected]

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