OREANDA-NEWS. February 15, 2011. On February 15, 2011 VolgaTelecom’s Board of directors made the decision to establish the committees of the Company’s Board of directors and approved their composition.

The following persons were elected to Personnel and Remuneration Committee:

•    Committee’s chairman - Andrey V. Morozov, Moscow representation office of NCH Advisors Inc., Head of Legal Section;

•    Alla B. Grigorieva, OJSC Svyazinvest, Deputy Director of Corporate Governance and Legal Support Department;

•    Lyudmila A. Kormilitsyna, OJSC Svyazinvest, Chief of Section of Corporate Governance and Legal Support Department;

•    Mikhail A. Leshchenko, OJSC Svyazinvest, Deputy General Director;

•    Evgeny V. Yurchenko OJSC VolgaTelecom, member of the Board of directors.

The following persons were elected to Committee for Audit:

•    Committee’s chairman - Ekaterina S. Erofteeva, OJSC Rostelecom, Director of Strategy and Management of Business Operating Efficiency;

•    Mikhail I. Kritskyi, OJSC Svyazinvest, Deputy General Director;

•    Anna V. Shulgina, Moscow representation office of LLC Markup Advisors Limited, Director for Corporate Development.

The following persons were elected to Strategic Development Committee:

•    Committee’s chairman - Mikhail A. Leshchenko OJSC Svyazinvest, Deputy General Director;

•    Ekaterina S. Erofteeva, OJSC Rostelecom, Director of Strategy and Management of Business Operating Efficiency;

•    Vladimir F. Lyulin, OJSC Svyazinvest, Advisor to General Director;

•    Vladimir I. Rybakin, OJSC VolgaTelecom, General Director;

•    Vadim V. Semenov, OJSC Svyazinvest, General Director.

The following persons were elected to Corporate Governance Committee:

•    Committee’s chairman - Alla B. Grigorieva, OJSC Svyazinvest, Deputy Director of Corporate Governance and Legal Support Department;

•    Alexey A. Berezin, OJSC Svyazinvest, Main Specialist of Section of Corporate Governance and Legal Support Department;

•    Roman K. Ishbulatov, Moscow representation office of NCH Advisors Inc., Lawyer;

•    Lyudmila A. Kormilitsyna, OJSC Svyazinvest, Chief of Section of Corporate Governance and Legal Support Department;

•    Elena V. Neverova, OJSC VolgaTelecom, Deputy General Director for Corporate Development;

•    Natalia I. Pokrovskaya, OJSC VolgaTelecom, Corporate Secretary;

•    Anna V. Shulgina, Moscow representation office of LLC Markup Advisors Limited, Director for Corporate Development.