December 15, 2010 was the deadline for dividend payment on preferred and ordinary shares of North-West Telecom for the Company’s results in 2009.

The total amount of the dividend paid on the North-West Telecom shares was RUR 813,237,000 (23.41% of the Company’s net income for 2009), of which:

- on preferred shares, RUR 302,608,000,

- on ordinary shares, RUR 510,629,000.

The decision on the dividend payment and the dividend amount was approved by the annual general meeting of N.W.Telecom shareholders held on June 19, 2010.

The total amount allocated to 2009 dividend payment was RUR 828,151,000. The dividend on N.W.Telecom shares was distributed as follows:

- on preferred shares, RUR 307,454,000 (RUR 1.228 per share),

- on ordinary shares, RUR 520,697,000 (RUR 0.591 per share).

As of December 15, RUR 14,915,000 remained outstanding (about 2% of the total amount.) These are the dividends of shareholders whose questionnaires specify incomplete, incorrect, or obsolete bank data for dividend receipt.