On 3rd November 2010 an extraordinary general meeting of the shareholders of North-West Telecom JSC was held in the form of absentee voting, at which the shareholders of the Company took a decision to pay dividends for the 9 months of 2010.

Shareholders holding 54.6% of voting shares (ordinary shares) took part in the meeting. 99.96% of them voted “FOR” the decision to pay interim dividends for the 9 months of 2010.

According to the decision , the dividend s for the nine months of the fiscal year 2010 will be paid in the amount of:

· 0.0000000353539666% of the Company’s net income for the nine months of the fiscal year 2010 per one preferred share;

· 0.0000000171309612% of the Company’s net income for the nine months of the fiscal year 2010 per one ordinary share.

Decision s on making amendments in the Provisions on the Board of Directors of the Company and on the annual remuneration to the members of the Board of Directors of the Company who worked after the annual general meeting of the shareholders of 19.06.2010 were not taken.