Wednesday, 4 October 2006

9.00 AM (ET) / 2.00 PM (UK) / 3.00 PM (CET) / 5.00 PM (MOSCOW)

Host:

Masha Eliseeva - Head of Investor Relations, Comstar UTS

Speakers:

Eric Franke - Chief Executive Officer, Comstar UTS

Nikolay Tokarev - Chief Financial Officer, Comstar UTS

Comstar UTS will host a conference call with the financial community on Wednesday, 4

October 2006, to discuss the financial results of the second quarter of 2006.

The conference call will start at 5:00 pm (Moscow Time)/ 3:00 pm (CET) / 2:00 pm (London

Time) / 9:00 am (Eastern Time).

To participate in the conference call, please register at:

www.sharedvalue.net/comstar-uts/2Q2006

The dial in number to join the conference call will be available upon registration.

You may also contact Shared Value on +44 (0)20 7321 5010 for further details.