Common and preferred shares of OJSC North-West Telecom ( state registration No. 1-02-00119-A and 2-02-00119-A) have been transferred to the following section of the Securities List: " Non-Listed Securities Admitted to Circulation" of OJSC Stock Exchange Russian Trading System."

The decision has been taken by the Chairman of the Management Board of JSC RTS on 20th July 2006 on the basis of an application filed by OJSC North-West Telecom.

Before the decision was taken, the shares had been on the A2 List of JSC RTS.

The decision on transferring NWT's stock from the A2 List of JSC RTS to the List section " Non-Listed Securities Admitted to Circulation" is connected with the considerable decrease in the volume of NWT stock trading at the RTS stock exchange and with the aspiration of JSC North-West Telecom to concentrate its efforts on increasing the liquidity of its securities at the main trading venues (NP RTS and CJSC SE MICEX).

Common and preferred shares of JSC NWT are traded at NP RTS, JSC RTS and SE MICEX.

1st level ADR of JSC NWT are traded at the Frankfurt and Berlin stock exchanges and under the counter market of the USA.

One of the key tasks of JSC RTS is the development of the "second eshelon" shares stock-exchange market segment. JSC RTS is the first among Russia's and foreign stock-exchange venues specializing in arranging the trading in corporate securities of Russian issuers to start the development of liquidity for "second echelon" shares in the exchange segment of the stock market.