Moscow – March 19, 2010 – Rostelecom (RTS, MICEX: RTKM, RTKMP; OTCQX: ROSYY) today announced that its American Depository Receipts (ADRs), each representing 6 Rostelecom ordinary shares, have been listed on OTCQX since March 19, 2010.

After delisting its ADR program from the New York Stock Exchange in December 2009,  Rostelecom’s ADRs  have been traded in the U.S. over-the-counter (OTC) market with prices published in the ‘Pink Sheets’.

On January 4, 2010 Rostelecom filed a Form 15F with the U.S. Securities and Exchange Commission (SEC) to deregister and terminate its reporting obligations under the Exchange Act as soon as practicable. Deregistration is to be effective 90 days after the filing date, or within a shorter period as determined by the SEC, barring any objection by the SEC.

To maintain a high level of transparency and disclosure in line with global best practice, Rostelecom joined the OTCQX International Premier – the highest tier of the U.S. OTC market.

After Gazprom Neft, Rostelecom is the second Russian company to join the premier tier of OTCQX and the Company hopes to benefit from advantages such as greater visibility that the separately branded premium listing provides. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com  and www.otcmarkets.com.

“We are pleased to welcome Rostelecom to OTCQX,” said R. Cromwell Coulson, President and CEO of Pink OTC Markets. “OTCQX companies, like Rostelecom, use the quality controlled OTCQX listing platform to offer their U.S. investors transparent trading, superior information, and easy access through their U.S. regulated broker-dealers.”

JP Morgan Chase Bank, N.A., which acts as Depositary for Rostelecom’s ADR program, will serve as Rostelecom’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on listing requirements.