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CenterTelecom

February 20, 2006

CenterTelecom conducted payment of 3rd coupon on series 04 bonds

Moscow, February 20 2006 – CenterTelecom (RTS: ESMO, ESMOP; OTC: CRMUY), informs about payment of 3rd coupon on interest-bearing documentary non-convertible series 04 bearer bonds at the rate of 389 027 348.05 (Three hundred eighty nine million and twenty seven thousand and three hundred forty eight rubles 05/100) rubles.

 

The first coupon rate is determined pursuant to the Decision on Securities Issue (state registration number 4-19-00194-? dated June 29, 2004) approved by the Board of Directors of OJSC «CenterTelecom» on April 28, 2004. According to the results of the MICEX auction, the first coupon rate was set at 13.80% per annum and approved by the Order of General Director. The rates of the other coupons amount to the first coupon rate. Amount of interest payable per Issuer’s Bond amounted to 69.19 (Sixty nine rubles 19/100) rubles.

The Issuer’s obligation was met in full measure on February 17, 2006.

During the period from 19.08.2005 to 16.02.2006:

 total volume of transactions amounted to 38.8 billion rubles

 including negotiated trades – 20.1 billion rubles

 Repo-transactions – 11.9 billion rubles

 3005 transactions were concluded

 including negotiated trades – 668

 Repo-transactions – 946

 maximum value was up to 125% of the face value

For reference:

State registration number of the issue is 4-19-00194-?, registration date: June 29, 2004. The issue’s volume is 5.623 billion rubles, maturity period is 1830 days, 10 coupons are provided for the issue, coupon period is 183 days, the first coupon rate is set at 13.8%, the rates of 2nd-10th coupons are equal to the first coupon rate. Interest-bearing documentary non-convertible series 04 bearer bonds were placed on August 17-31, 2004. The placement was conducted by means of public subscription, placement value amounted to 100% of the face value (1000 rubles per bond). CenterTelecom announced an offer for prior redemption: on the 821st day from the date of starting placement (or the first working day after the 821st day from the date of starting placement of the Bonds, if the 821st day from the date of starting placement of the Bonds is a holiday or weekend).

 

 

 

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