Significant Events

Decisions made by Board of directors

27.04.2009

Date of Board of Directors Meeting when the corresponding decision was made: April 24, 2009.

Date and number of the protocol of Board of Directors meeting when the corresponding decision was made: April 24, 2009; Protocol #25.

Subject-matter of the decision issued by Board of Directors:

1. Approve the Annual Report for 2008 financial year preliminarily.
2. Recommend at General Shareholder’s Meeting to distribute profit of the Company on 2008 results as follows:

   • Dividend payment – RUR 669 493 245, included: as of preferred shares – RUR 0,034175 per share; as of ordinary shares – RUR 0,012437 per share;
   • Increase OJSC ‘Uralsvyazinform’ capital in RUR 2 008 365 931.

Define the following order of dividend payment in order with the mentioned information in the application form of a shareholder.