OREANDA-NEWS. Rostelecom OJSC (Moscow Exchange: RTKM, RTKMP; OTCQX: ROSYY), Russia's national telecommunications operator (“Rostelecom”), announces that its Board of Directors has decided upon a number of agenda items, including:

Setting April 2, 2014 as the date for an Extraordinary General Meeting of shareholders (“EGM”). The agenda will comprise re-electing the Board of Directors and making amendments to the Company's charter;

Setting January 9, 2014 as the EGM record date;

Approving the Company's 2014 budget.

Rostelecom's controlling shareholder, Rosimushchestvo, has initiated this EGM in relation to the significant increase in the Russian Federation's direct share ownership of Rostelecom as a result of the Company's reorganisation, which was completed on 1 October, 2013. A list of candidates nominated for positions on the Board of Directors will be formed 30 days prior to the EGM after all shareholders holding over 2% of the Company's voting shares have submitted their suggestions.