MOSCOW – CenterTelecom OJSC has fulfilled its obligations for redemption of shares from the shareholders who at the AGM held 25 June, 2010, voted against a decision to reorganize the company in the form of a merger of CenterTelecom and Rostelecom or who failed to take part in the voting.

8,639,034 common shares and 49,353,047 type A preferred shares have been bought back in accordance with the Report on Shares Presented by the Shareholders of CenterTelecom for Buyback approved by the company's Board of Directors.

The total amount of funds spent for the share buyback was RUB1,293,069,915.40.