On August 2, 2002 the Federal Securities Committee of the Russian Federation registered the series 02 interest-bearing issue of pay to bearer bonds for OJSC Uralsvyazinform.  

The issue is worth a total of Rub 1 bn with a nominal value per each bond of Rub 1,000 and a term to maturity of 1,080 days from the date of placement.  The placement is to be executed by way of public subscription.  

The issue is to be placed by the market maker, ZAO Moscow Interbank Currency Exchange (MICEX).  

Renaissance Capital and Veb Invest Bank will act as the exclusive arrangers and leading managers for the bond placement.  OJSC Svyazinvest will act as the project coordinator.  

More information on the bond issue is has been posted on the corporate website of OJSC Uralsvyazinform in the section entitled "For Shareholders".