OREANDA-NEWS. On December 10, 2008 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, reported that the Company paid out in full the twelfth coupon income on the UTK 04-series non-convertible interest-bearing  documentary pay-to-bearer bonds (UTK-04оb., RU000A0GK2W9), reported the press-centre of UTK.

The twelfth coupon interest rate was set according to the Decision on the Bond Issue approved by the Company’s Board of Directors (Minutes N 11 dated 18 October 2005) at 10.0% per annum.

Total amount of the twelfth coupon yield payable under all UTK series 04 bonds made 62,350,000 rubles. The twelfth coupon income on one bond of the issue amounted to 12.47 rubles.