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UTK

January 13, 2006

UTK’s shares transferred to MICEX SE quotation list A2

Krasnodar, January 13, 2006:Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; OTC USA: STJSY), the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports today that on the 30th of November 2005 pursuant to the decision of the Board of Directors of  CJSC “SE MICEX”, UTK’s common registered non-documentary and preferred registered non-documentary type A shares were removed from MICEX SE Quotation list A1 and transferred to MICEX SE Quotation list A2.

The shares were transferred because their trading activity in MICEX SE market had not met the requirements of the "Rules of listing, admission to placement and circulation of securities on MICEX Stock Exchange”.

 

 

 

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