OREANDA-NEWS. Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; МICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports that on 5th March 2007 the Board of Directors examined the proposals submitted by the Company’s shareholders in accordance with the procedures prescribed by the regulatory legislation and approved the lists of candidates for election to the Board of Directors and the Auditing Commission of "Southern Telecommunications Company" PJSC at 2007 Annual General Shareholders Meeting.

The list of candidates for the Board of Directors included 24 people and the Audit Commission – 10 candidates.

In addition, the Board of Directors of "UTK" PJSC took a decision to include the following items into the AGM agenda:

1) Approval of amendments and additions to the Charter of "Southern Telecommunications Company" PJSC.
2) Approval of amendments and additions to the Provisions on the Board of Directors of "Southern Telecommunications Company" PJSC.