On July 23, 2010 the Board of Directors of N.W.Telecom decided to establish Committees of the Board of Directors and to elect the chairpersons and members of the Committees of the Board of Directors as follows:

Strategic Development Committee:

Chairperson:

Elena V. Umnova Member of the Board of Directors, Deputy General Manager, JSC Svyazinvest

Members of the Committee:

Vladimir A. Akulich Chief Executive Officer, JSC N.W.Telecom

Alexey A . Malysh  Member of the Board of Directors , Director of the Telecommunications Department , JSC Svyazinvest

Andrey V. Morozov Head of the Legal Department, Moscow office of NCH Advisors, Inc;

Sergey V. Pokrovsky Expert, Association for the Protection of Investors’ Rights

Georgy A. Romsky Member of the Board of Directors, Advisor to General Manager, JSC Svyazinvest

Evgeny V. Yurchenko Chairperson of the Board of Directors, General Manager, JSC Svyazinvest

Auditing Committee:

Chairperson:

Dmitry V. Levkovsky Member of the Board of Directors, Corporate Governance Manager of the Moscow office of NCH Advisors, Inc.

Members of the Committee:

Ivan I. Rodionov Member of the Board of Directors, Professor of the Corporate Economy & Finance Chair, Higher School of Economics State University

Elena V. Umnova Member of the Board of Directors, Deputy General Manager, JSC Svyazinvest

Appointments and Remunerations Committee:

Chairperson:

Denis V. Kulikov Member of the Board of Directors, Executive Manager of the Association for the Protection of Investors’ Rights

Members of the Committee:

Valentina F. Veremyanina Member of the Board of Directors, Director of the Corporate Governance and Legal Support Department, JSC Svyazinvest

Dmitry V. Levkovsky Member of the Board of Directors, Corporate Governance Manager of the Moscow office of NCH Advisors, Inc.

Oksana V. Petrova Member of the Board of Directors, Head of the Methodology & Information Sector, Corporate Governance and Legal Support Department, JSC Svyazinvest

Ivan I. Rodionov Member of the Board of Directors, Professor of the Corporate Economy & Finance Chair, Higher School of Economics State University

Nadezhda V. Filippova Member of the Board of Directors, Deputy General Manager, JSC Svyazinvest

Evgeny V. Yurchenko Chairperson of the Board of Directors, General Manager, JSC Svyazinvest.

Corporate Governance Committee:

Chairperson:

Valentina F. Veremyanina Member of the Board of Directors, Director of the Corporate Governance and Legal Support Department, JSC Svyazinvest

Members of the Committee:

Nikolai I. Bredkov Corporate Secretary, JSC N.W.Telecom

Roman K. Ishbulatov Lawyer, Moscow office of NCH Advisors, Inc

Denis V. Kulikov Member of the Board of Directors, Executive Manager of the Association for the Protection of Investors’ Rights

Ekaterina O. Kostko Leading Specialist of the Methodology & Information Sector, Corporate Governance and Legal Support Department, JSC Svyazinvest

Oksana V. Petrova Member of the Board of Directors, Head of the Methodology & Information Sector, Corporate Governance and Legal Support Department, JSC Svyazinvest.