On October 3, 2007 OJSC Joint-Stock Commercial Bank “Svyaz Bank” acting as the payment agent for OJSC NWT bonds, series 02 redeemed 40% of the par value of the second bond issue and paid the 16th coupon.

Thus, OJSC NWT bonds of the second issue – interest-bearing bearer documentary bonds with mandatory central storage, series 02 – were redeemed in full and in the specified time.

OJSC NWT’s second bond loan was placed at the Stock Exchange “Moscow Interbank Currency Exchange” on October 8, 2003 for the amount of 1.5 billion rubles with the maturity period of 4 years.

The third portion of the par value was redeemed in the specified time on the 1456th day after the commencement of bond placement. The redemption was effected simultaneously with payment of the 16th coupon income on the NWT bonds.

The 16th coupon rate was 7.5% per annum; 7 rubles 48 kopecks accrued on each bond.

The list of persons entitled to the coupon income was prepared as of September 26, 2007.

The total amount allocated for redeeming the second bond loan was equal to 611.220 million rubles, including:

• redemption of 40% of the par value of the loan, 600 million rubles;
• payment of the 16th coupon, 11.22 million rubles.

The redemption of NWT’s second bond loan in the specified time and in full confirms once more the Company’s reputation as the good-faith borrower as well as shows the high reliability of NWT’s securities.

The third and fourth bond loans of the Company with the maturity periods of 3 and 5 years respectively are currently in circulation.

For more information on the Company’s bond loans, visit NWT’s corporate web-site at «For investors and shareholders»