OREANDA-NEWS. Sibirtelecom OJSC approaches questions of the corporate government in whole and especially the level of the Company’s transparency in a responsible manner. The Company considers it reasonable to inform all interested persons about alterations made in the Financial Statements, RAS of 2006.

After the reporting period had been finished in April, 2007 the Company carried out additional control procedures that discovered an error, which had been made during the formation of performance indices of the Financial Statements of 2006 of Sibirtelecom OJSC. In accordance with the acting legislation and upon recommendation of the Company’s Auditor - KPMG CJSC, the Company entered the alterations into the Financial Statements, RAS of 2006.

As a result, the sales revenue indicator of the audited financial statements of 2006 is 22,941.8 mln rubles that is 0,6% lower than the indicator of non-audited financial statements of 2006, which was published in the press-release of the Company on April 2, 2007. The alteration of financial results does not exceed 10% of the results published before.