On June 22 , 2007 , at the session of the Board of Directors of North-West Telecom, the item of the namelist and term of office of members of the Company’s Managing Board was discussed

Having reviewed the materials submitted for the session, the N.W.Telecom Board of Directors decided to appoint the Company’s Managing Board according to the following list :

Chairman of the Managing Board :

Vladimir A. Akulich, General Manager, N.W.Telecom

Managing Board members :

• Nikolai P. Yemelianov, Regional Manager & Manager, Novgorod Subsidiary of N.W.Telecom
• Oleg V. Popov, Associate General Manager & Commercial Manager, N.W.Telecom
• Oleg A. Semanov, Associate General Manager & Technical Director, N.W.Telecom
• Maya M. Semchenko, Chief Accountant, N.W.Telecom
• Irina V. Tambovskaya, Director, Personnel Management Department, N.W.Telecom
• Ella I. Tomilina, Associate General Manager (Corporate Relations), N.W.Telecom
• Leonid Z. Tufrin, Regional Manager & Manager, St. Petersburg Subsidiary of N.W.Telecom ;
• Venera A. Khusnutdinova, Associate General Manager & Business & Finance Manager, N.W.Telecom
• Grigory B. Chernyak, Associate General Manager (Property Management & General Issues), N.W.Telecom
• Vladimir I. Shumeiko, First Associate General Manager, N.W.Telecom

The N.W.Telecom Board of Directors defined the term of office of the Managing Board as from July 01 , 2007 till June 30 , 2008.