Mr. Tsekhomsky joined MTS in September 2002 as Finance Director and was subsequently appointed the Company’s Vice-President — Chief Financial Officer (CFO) in July 2003.

Mr. Tsekhomsky is leaving MTS to join Vneshtorgbank (VTB).

Mr. Ulf Backmeyer, MTS’ Finance Director, has been appointed Acting CFO of the Company.

“Nikolai has been with MTS for over three years and has made a significant contribution to the Company’s success, including the development of a first-rate financial and reporting system. Nikolai also attracted some of the best talent to the Company’s financial function. I wish him all the best in his new endeavor,” commented Vassily Sidorov, MTS’ President and CEO.

Nikolai Tsekhomsky added, “The last few years have been both demanding and exciting. I have truly enjoyed being part of MTS’ management team, but I am looking forward to the new challenges ahead.”

Biography Ulf Backmeyer.

Ulf Backmeyer was born in 1970 in Oldenburg, Germany. In 1996 he graduated from Passau University, Germany, with a diploma in Economics.

Mr. Backmeyer started his career with Deutsche Telekom, responsible for market analysis and new business development in the former Soviet Union. He represented

Deutsche Telekom in the Regional Commonwealth in the Field of Communications, an intergovernmental union of telecom administrations of the former Soviet Union.

In 2003 Mr. Backmeyer joined MTS as Finance Director to manage MTS’ reorganization of its regional financial function throughout Russia and in the neighboring countries in which the Company has an operational presence. He is responsible for the integration of newly acquired companies into the financial structure of MTS and manages the regional financial function within the Company.

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