On April 14, 2008 the Board of Directors of North-West Telecom JSC had a meeting to discuss preparation and holding of the annual general meeting of shareholders of North-West Telecom JSC.

The Board of Directors took following decisions:

• The annual general meeting of shareholders of North-West Telecom OJSC will be held in the format of joint attendance of the shareholders, with prior mailing (handing) of the ballots. The date, place, and time of the Meeting are June 23, 2008 at 14 Sinopskaya Naberezhnaya, St. Petersburg, 13:00 AM (MSK). The registration of shareholders for participation in the AGM will be started at 11:00 AM (MSK). The registration will be at the place of the Meeting.
• Approve the list of information which would be sent to the shareholders (the Meeting: Ballots and Notice of the Meeting).
• Define May 6, 2008 as the record date for the list of persons entitled to attend the Meeting. 

The filled-in ballots for voting at the annual general meeting of shareholders of North-West Telecom JSC may be mailed to the following addresses:

• 191186, St . Petersburg, 14/26 ul. Gorokhovaya (26 ul. Bolshaya Morskaya), North-West Telecom JSC.

The ballot filing deadline is June 20, 2008.