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Open Auction to Place CLNS Worth $150 mln Announced

09.09.2008

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Ekaterinburg – September 09, 2008 – Uralsvyazinform (RTS: URSI/URSIP) the leading carrier of fixed-line and mobile services in the Urals region, Russia announces an auction to raise US$ 150 million via CLN issuance.

Uralsvyazinform announced today the open auction to designate the financial institution for conclusion of the agreement in connection with the provision of 5-year loan financed via the issuance of corporate credit notes (CLN).

The loan will amount US$ 150 million planned for the 4th quarter of 2008. The funds raised through the deal are supposed for general corporate needs.

Applications are accepted from September 6th to 26th, 2008. Auction commission will examine the accumulated bids on September 26, 2008 and sum up tender results on September 30, 2008, 14:00 (EKT).

More information about the tender and accompanying documentation are available from Press Center (Russian only).

For additional information, please contact IR department on tel. +7 343 379 1219, +7 343 379 1859 or e-mail: [email protected].
The most recent company information is also available from this website and www.skrin.ru (complex disclosure information system) or URSI_RU page in Bloomberg system and URSI.RTS page in Reuters system.