OREANDA-NEWS. Svyazinvest (hereafter, the Company) held a regular meeting of the board of directors on January 31, 2013.

The board of directors of the Company took note of a report on the results of the procurement activity of Svyazinvest during the fourth quarter of 2012. The results of the company’s procurement activity during the fourth quarter of 2012 achieved an economy of 15.07% of the initial value of the contracts subject to tenders and the agreements on other methods of purchase.

This issue was submitted for the approval of the board of directors in execution of an order of the board of directors assigned to management on February 21, 2011 to report on a quarterly basis to the board of directors on the results of the Company’s procurement activity. Svyazinvest publishes full information about its procurement activity on the official web site zakupki.gov.ru.

The board of directors also examined other issues pertaining to the Company’s internal activity.

The board of directors meeting was attended by the following members:

Mikhail Zadornov;

Yury Kudimov;

Ivan Rodionov;

Vadim Semenov;

Alexander Trubetskoy.