Moscow, Russia – May 25, 2012 – Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’snational telecommunications operator, today announces that Rostelecom won the “M&A: The Deal of the Year” award at the 2012 Annual Investor Awards Ceremony, held on May 23, 2012, for its reorganisation deal and its merger with seven regional telecom operators and Dagsvyazinform. The ceremony aims to promote best investment practices and raise standards in the Russian capital markets by recognising the most significant capital markets achievements. The award ceremony was held at the 3^rd Annual Russia Investment Forum and was sponsored by the Securities Market magazine and the social network, Investor.ru.