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UTK

September 10, 2004

"UTK" PJSC declares its intention to allocate funds for the payment of the second coupon for 1st Bond Issue

Krasnodar, September 10, 2004: Southern Telecommunications Company (UTK) (RTS: KUBN, KUBNP; OTC USA: STJSY)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports that on September 14, 2004 it intends to allocate funds amounting to RUR 106,500 thousand for the payment of the second coupon for the first Bond issue (series 01 non-convertible interest-bearing certificated pay-to-bearer bonds with mandatory centralized custody). Non-commercial partnership “National Depositary Centre” acts as a payment agent for the coupon yield.

The coupon yield fixed by the Issuer is 14.24% per annum RUR 71.00 being accrued per bond (excl. tax deductions). Total number of bonds under which the coupon payment is to be made stands at 1, 500, 000 units.

 

 

 

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