OREANDA-NEWS. March 17, 2011. Rostelecom  (RTS, MICEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, hereby announces the results of the meeting of its Board of Directors.

The Board of Directors approved the following composition of the board’s four committees:

Strategy Committee

Sergei Kuznetsov – Member of the Independent Directors’ National Register of Russian Union of Industrialists and Entrepreneurs;

Yury Kudimov – General Director of VEB Capital (Investment company of Vnesheconombank);

Konstantin Malofeev – Managing Partner of private equity fund Marshall Capital Partners;

Mikhail Leschenko – Deputy General Director of Svyazinvest;

Sergey Pridantsev – member of the Board of Directors of Rostelecom;

Alexander Provotorov – President of Rostelecom;

Vadim Semenov – General Director of Svyazinvest;

Anatoly Tikhonov – First Deputy Chairman and Member of the Management Board of Vneshekonombank.

Vadim Semenov was appointed Chairman of the Strategy Committee.

Audit Committee

Yury Kudimov – General Director of VEB Capital (Investment company of Vnesheconombank);

Vladimir Bondarik – Chairman of the Board of Directors of Rostelecom and Deputy General Director of Svyazinvest;

Konstantin Malofeev – Managing Partner of private equity fund Marshall Capital Partners;

Ivan Rodionov – Professor of State University Higher School of Economics.

Yury Kudimov was appointed Chairman of the Audit Committee.

Executive Remuneration Committee

Vladimir Bondarik – Chairman of the Board of Directors of Rostelecom and Deputy General Director of Svyazinvest;

Mikhail Poluboyarinov – Director of the Infrastructure Department of Vnesheconombank;

Sergey Pridantsev – member of the Board of Directors of Rostelecom;

Ivan Rodionov – Professor of State University Higher School of Economics;

Vadim Semenov – General Director of Svyazinvest.

Sergey Pridantsev was appointed Chairman of the Executive Remuneration Committee.

Corporate Governance Committee

Anatoly Ballo – Rostelecom Management Board member and Deputy Chairman of Vnesheconombank;

Valentina Veremyanina – Director of Corporate Governance and Legal Department, Svyazinvest;

Sergei Kuznetsov – member of the Independent Directors’ National Register of Russian Union of Industrialists and Entrepreneurs;

Mikhail Leschenko – Deputy General Director of Svyazinvest:

Pavel Nezhutin – Corporate Secretary of Rostelecom:

Mikhail Poluboyarinov – Director of the Infrastructure Department of Vnesheconombank.

Mikhail Leschenko was appointed Chairman of the Corporate Governance Committee.

The Board of Directors passed a resolution to appoint Alexander Rogovoy as a Member of the Management Board. Mr. Rogovoy currently serves as Vice President for Legal Issues and Corporate Development of Rostelecom. Alexander is replacing Vadim Semenov, who will no longer be a member of Rostelecom’s Management Board.