Investor presentation 222022 April 2005 WWW CENTERTELECOM RU

Investor presentation 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

This presentation contains forward-looking statements. Such statements are not statements of historical fact, and reflect the beliefs and expectations of the Company's management. The words "anticipates, " "believes, " "estimates, " "expects, " "forecasts, " "intends, " "plans, " "predicts, " "projects" and "targets" and similar words are intended to identify these statements, which necessarily involve known and unknown risks and uncertainties. Accordingly, the actual results of operations of the Company may be different from the Company's current expectations, and the reader should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments. 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

ATTRACTIVE REGION Central District: 17 Subjects of the Federation of the Central part of Russia Yaroslavl Ivanovo Tver Kaluga covers 3. 8% of Russia’s territory 26. 2% of total population of 38 mln people (most densely populated) 12. 8% of GDP of RUR 1, 703 bln Vladimir Moscow Smolensk Kostroma Ryazan One of the highest monthly income per capita in Russia - RUR 6450 Tula Bryansk Fixed-line penetration level is 23. 7% Orel Lipetsk Kursk Belgorod Tambov Digitalization level is 48% Voronezh 6. 8 mln lines installed by end of 2004 Borders with Ukraine and Byelorussia 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

SHAREHOLDER STRUCTURE Share capital – USD 225 mn Number of shares – 2. 103. 999. 655 of which: ordinary – 75%, preferred – 25% Free float shares – 55% 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

ORGANIZATIONAL STRUCTURE PRESIDENT Shareholders meeting Carla Cico Board. PRESIDENT of Directors PRESIDENT Auditing Commission Carla Cico PRESIDENT Compensation & Benefits Committee Carla Cico PRESIDENT Corporate Governance Committee Carla Cico PRESIDENT planning Budget & Investment Committee Carla Cico PRESIDENT Management Board of Directors PRESIDENT Audit Committee Carla Cico PRESIDENT General Director Carla Cico PRESIDENT Corporate Secretary Carla Cico PRESIDENT Financial Director Carla. Cico 2/2/2022 April, 2005 PRESIDENT Commercial Director Carla Cico PRESIDENT Technical Director Carla Cico PRESIDENT IT Director Carla Cico PRESIDENT Security PRESIDENT HR Director Carla. Cico WWW. CENTERTELECOM. RU

KEY PRODUCTION INDICATORS • 6, 8 mln access lines installed • 26 long distance connection stations • 3, 0 mln wire broadcasting points • 15 cable television networks in big cities • 112 thousand mobile subscribers • more than 50 thousand cable television subscribers • 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

MARKET SHARE IN MAJOR SEGMENTS 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

KEY FINANCIALS (RAS) (RUR, mln) RUR Mln 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

KEY FINANCIALS Major income components (RUR, bn) 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

REVENUE In 2004 gross revenue reached RUR 24, 963 mln, 19. 5% growth to 2003 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

OPERATING COSTS AND EXPENSES In 2004 operating costs and expenses totaled RUR 19, 702 mln, 25. 9% increase 2003 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

KEY OPERATING HIGHLIGHTS Total number of lines installed for the 2004 grew to 6 798 128, including 619 291 lines commissioned in 2003 Long-distance traffic increased 104. 2% to 2. 8 bn minutes compared to the last year Long-distance (international) traffic increased 106. 7% to 197. 8 m minutes compared to 2003 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

CAPEX DYNAMICS 9. 4 RUR Bln forecast 7. 6 4. 8 73% 71% 3. 8 64% 36% Equity capital 32% 29% 27% 68% Bonded loans Debt capital 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

CAPITAL INVESTMENTS In 2004 RUR 9. 4 bln were invested (23% growth to 2003) 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

STRATEGY. Main directions Increase of overall performance in highly remunerative segments of the market Operational expenses reduction 2/2/2022 April, 2005 Orientation to highly remunerative client segments Development of services with the high added value Expansion of services spectrum Investments in new technologies Affiliated business restructuring Management structure optimization (association of branches - reduction of its quantity from 17 to to 6 -8) Personnel number optimization (5% annual reduction) Outsourcing of auxiliary and not profile business-functions WWW. CENTERTELECOM. RU

STRATEGY Increase share of value-added services in profit structure Achieve revenue market share in telecommunication services in Central region of 62% by 2006 Average annual income growth of 25% Increase non-regulated services market share to 75% Achieve share of non-regulated services in profits of at least 30% Increase profit share from corporate sector to 52% 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

STRATEGY. Affiliated business restructuring 2004 2005 Acquisition of ROSNET Large corporate client base, including Central Bank of Russia 2004 Revenue - $30 mn Licenses for data services in 51 region Liquidation of non profile and non efficient businesses Merging to ROSNET 5 companies – leaders in non regulated services in its regions AS A RESULT Effective investment structure Management structure optimization Growth of competitiveness Cutting down operational costs Optimization of cash flow structure 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

Center. Telecom – Potential of growth Prospects of telecommunication sector growth as a whole Regions of Company’s operation – the most attractive in Russia Advanced Company’s infrastructure network High potential of growth in highly remunerative telecommunication services Experienced management team High corporate governance level 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU

CONTACTS Elena Romskaya Director, Securities and Corporate Governance Department Tel: +7 095 793 23 19 Fax: +7 095 209 28 29 E-mail: esidorovich@centertelecom. ru Andrey Kalinchenko Investor relations manager Tel: +7 095 793 23 40 Fax: +7 095 209 58 15 E-mail: kalin@centertelecom. ru 2/2/2022 April, 2005 WWW. CENTERTELECOM. RU