OREANDA-NEWS. January 5, 2010. At December 31, 2009 OJSC VolgaTelecom (RTS: NNSI/NNSIP, MICEX: VTEL/VTELP, ADR: VLGAY) has paid dividend on ordinary shares accrued at 2008 fiscal year-end.

Total amount of dividend paid on ordinary shares accounted for RUB 441, 370.143 thousand. The dividend accrued on one ordinary share amounted to RUB 1.800235. The dividend was paid in cash assets.

The resolution of the size of dividend and the time period of its payment was passed by annual general meeting of OJSC VolgaTelecom’s shareholders on June 08, 2009. The size of dividend accrued on ordinary shares amounted to RUB 442, 803.065 thousand. Non-performance of obligation to pay dividend in full is related to the non-appearance of shareholders in the issuer’s office for receiving dividend by cash, and also to incorrect or incomplete information on the requisites of the bank accounts and mailing addresses of shareholders.