Korsakov, Sakhalin Region, 8 February 2005 – Open Joint Stock Company “Far East Telecommunications Company” (US ADR: FEEOY), the leader on the telecommunications market of the Russian Far East, today announces that it began to render Internet Service in credit for citizens of Korsakov City with population of 175 thousand people.

Service of “Internet in Credit” provides access to World Wide Web through the international code 8-200. Now consumers do not need to make a contract with company for providing Internet service or buy card.

Clients will receive bills for using “Internet in Credit” service at the beginning of month.

For using “Internet in credit” service during business week since 8 a.m. to 10 p.m. consumer fee will be 0.7 rubles per minute, for other time during business week, weekends and holidays it will be 0.5 rubles.

For more information please contact Consumer Service Bureau: +7(235) 45-333.

Reference: Far East Telecommunications Company is only one provider of “Internet in Credit” service in the Sakhalin Region with population of 902 thousand residents. Company offers such kind of service in following cities: South-Sakhalin (with 547 thousand citizens), Dolinsk, Lugovoe, and Novoalexandrovsk.

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To receive more information please contact Public Relation Department e-mail: pr@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, 100% of cellular market in the region of Magadan Region and 50% of cellular market in Kamchatka Region. FETEC 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.