VLADIVOSTOK, February 2, 2005 – Open Joint Stock Company “Far East Telecommunications Company” (OTC ADR: FEEOY), the leader on the telecommunications market of the Russian Far East, today announces that 01 February, 2005 Anton Alexeev was appointed as a new CEO. The contract with Mr. Alexeev was signed for two years.

As Eugene Yurchenko, a Chairman of the Board of Directors, said, the directors made the decision about the appointment of Anton Alexeev unanimously. He also confirmed that members of the Board of Directors consider him as a high professional leader. During the period of his working at the telecommunications industry, he proved himself as purposeful, confident, qualified, and far-seeing leader. Totally he worked at the telecommunications industry during 12 years, 9 of which as a high level manager.

Igor Repin, a Head of Staff and Compensation Committee of the Board of Directors and Investors Rights Protection Association CEO, by commenting the event said that candidature of Alexeev was previously considered and approved by the Committee. The Board of Directors asked Alexeev a lot of different questions about the company and its perspective. The Board of Directors was satisfied by his answers and it approved his appointment.

Biography: Anton A. Alexeev was born October 2, 1968 in the Leningrad (now Saint Petersburg).

Education: Saint-Petersburg Academy of Instrument-Making. Major is Engineer-Researcher. International Saint Petersburg of Management – MBA.

Experience:
1996-1999 – Marketing Director of “RadioTel” OJSC;
1999 – 2001 – Deputy Marketing Director of “PeterStar” CJSC;
2001-2002 – Deputy Vise President of the Business Development, Deputy CEO and Commercial Vise President, “Peterburg Transit Telecom” CJSC;
2002-2005 – First Deputy Director of Moscow Brunch of “Rostelecom” OJSC –“International and Long Distance Telephone”.

To receive more information, please, contact Investor Relation Department: tel. +7(4232) 208-500, ext. 1306 or e-mail to: ir@dsv.ru;

About the company: Open Joint Stock Company “Far East Telecommunications Company” (Dalsvyaz in Russia) is the leader on the telecommunications market on the Russian Far East. Its licensed area covers the territory of 2,000 thou sq km with population over 5.6 million people. Dalsvyaz owns 87% of local, 81% of long-distance and international communications, 72% of Internet market, and 4% of cellular market. Dalsvyaz OJSC is the subsidiary of Svyazinvest OJSC, which holds 38% of company’s share capital. In addition to RTS and MICEX, company’s shares are traded on the over-the-counter market of USA (ADR of the 1st level). To see more information about ADR, please, visit www.adr.com. Company’s official web site is www.dsv.ru.