On 27th July 2007 the Board of Directors of OJSC North-West Telecom considered the issue of approving the members of the Committee s of the Board of Directors. Having examined the materials presented for the meeting, the Board of Directors of OJSC N.W.Telecom took a decision to form the Committee s consisting of the following members:

Committee for Strategic Development:  

Chairperson:

A. A. Gogol – Rector of the St. Petersburg Prof. M.A. Bonch-Bruyevich State University of Telecommunications.

Members of the Committee:  

V.A. Akulich – General Manager of OJSC North-West Telecom;

I. I. Rodionov – Professor of the Department of Economic s and Finance of a Company of the State University Higher School of Economics ;

S. P. Avdiyants – Chief Executive Officer – Director of the Strategic Development Department, OJSC Svyazinvest;

Ye. P. Selvich – Chief Executive Officer – Director of the Economics and Finance Department, OJSC Svyazinvest;

Audit Committee:

Chairperson:

I. I. Rodionov – Professor of the Department of Economic s and Management of a Company of the Moscow State University Higher School of Economics.

Members of the Committee:

D. V. Levkovsky – Head of the Moscow representative office of NCH Advisors Inc.;

O. G. Korolyova – Chief Accountant, OJSC Svyazinvest.

Corporate Governance Committee:

Chairperson:

V. B. Zhelonkin – Deputy General Manager of OJSC Svyazinvest.

Members of the Committee:  

N. G. Bredkov – Corporate Secretary of OJSC North-West Telecom;

O. V. Petrova – Head of the Corporate Governance and Legal Support Department, OJSC Svyazinvest;

Appointments and Remuneration Committee:

Chairperson:

D. V. Levkovsky   – Head of the Moscow representative office of NCH Advisors Inc.

Members of the Committee:

A. A. Gogol – Rector of the St. Petersburg Prof. M.A. Bonch-Bruyevich State University of Telecommunications;

I. A. Zolochevsky – Director of the branch Macro Region Severo-Zapad (North-West Macro Region) of OJSC MTS;

O. G. Korolyova – Chief Accountant, OJSC Svyazinvest.