OREANDA-NEWS. June 20, 2007. The common and preferred shares of North West Telecom were added to the Morgan Stanley Capital International (MSCI) Russia Small Cap index.

The inclusion of NWT shares to this popular foreign index points to the strong investment appeal of the Company and should help shore up share liquidity as well as extend the range of potential investors, since many foreign investors structure their portfolios after MSCI. The MSCI Russia Small Cap index will become effective in May 2008.

Commenting on the inclusion in the MSCI Russia Small Cap index, NWT CEO had the following to say: “The weighting of our shares in one of the most popular Western portfolio indexes confirms that the Company is on the right track when it comes to rolling out its shares on the equity market, improving transparency and raising the efficiency of its IR activities.  Now NWT’s shares will be included in portfolios of Western index funds, which opens up a major market of potential investors for us, and our task will be to live up to their expectations by ensuring the long-term investment appeal of North West Telecom.

To date, NWT’s shares are listed on the following indexes:

Common shares: MICEX Telecom, RTS-Telecom, RTS-2, RTS

Preferred shares: RTS-2

The MSCI Emerging Markets index is viewed as a leading global provider of the fund indexes of MSCI Barra (a division of authoritative investment fund Morgan Stanley) and is used by portfolio managers as a benchmark on emerging markets. For more detailed information, see MSCI Barra’s website at: www. mscibarra.com.