OREANDA-NEWS. July 02, 2010. Mobile TeleSystems OJSC (“MTS” - NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces the date of the Extraordinary General Meeting of shareholders (EGM).

The date for the Company’s EGM has been set for December 23, 2010. The record date for the Company’s share- and ADR-holders entitled to participate in the EGM has been set for November 3, 2010.

The matters to be considered and resolved by the EGM:

Reorganization of MTS OJSC through the takeover of COMSTAR-United TeleSystems Open Joint Stock Company, United TeleSystems Closed Joint Stock Company, Capital Closed Joint Stock Company, Communications Operator Closed Joint Stock Company, Mobile TeleSystems Closed Joint Stock Company, and COMSTAR-Direct Closed Joint Stock Company by MTS OJSC, and approval of the Accession Agreement;

Reorganization of MTS OJSC through the takeover of Dagtelecom Closed Joint Stock Company, and approval of the Accession Agreement;

Reorganization of MTS OJSC through the takeover of Eurotel Open Joint Stock Company, and approval of the Accession Agreement;

Increasing the charter capital of MTS OJSC through the placement of additional shares.

Amendments and additions to the Charter of MTS OJSC.