OREANDA-NEWS. On 17 July 2008 was announced, that Southern Telecommunications Company (“UTK”) (RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA), the largest fixed-line telecommunications provider for Russia’s Southern Federal District reported that on 14 July 2008 its Board of Directors determined the following new structures of the Committees of the Board of Directors of "Southern Telecommunications Company" PJSC (Minutes № 2 dated 14 July 2008):

1. Audit Committee of the Board of Directors:

Oleg Borisovich Zyuzin - Chairman of the Committee - Head of Information Technologies Department of “Leader” CJSC (Pension fund assets management company);

Natalia Yurievna Belyakova - Deputy Director of Economics and Finance Department of “Svyazinvest” OJSC;

Igor Vyacheslavovich Belikov – General Director of NP "Russian Institute of Directors”;

Valentina Fyodorovna Veremianina - Deputy Director of the Corporate Governance and Legal Department of “Svyazinvest” OJSC.

2. Personnel and Rewards Committee of the Board of Directors:

Denis Viktorovich Kulikov – Chairman of the Committee – Executive Director of Investor Protection Association;

Valentina Fyodorovna Veremianina - Deputy Director of the Corporate Governance and Legal Department of “Svyazinvest” OJSC;

Stanislav Nikolaevich Panchenko – Deputy Director General of “Svyazinvest” OJSC.