Megafon : Resolutions taken by the Board of Directors

a. Surety Agreements to be made by MegaFon (as a surety) to secure obligations of the Company's subsidiaries (as debtors) to banks, customers and partner companies to the total amount of RUB 6.0 Bn.

b. Revolver Loan Agreement between MegaFon (as a lender) and Scartel LLC (as a borrower), the Company's wholly owned subsidiary, to the total amount of RUB 18.3 Bn (including interest accrued on the principal amount of the loan).

c. Frame Agreement between MegaFon and Scartel LLC, the Company's wholly owned subsidiary, to the total amount of RUB 11.6 Bn.

d. Frame Agreement between MegaFon and First Tower Company LLC, the Company's wholly owned subsidiary, to the total amount of RUB 1.0 Bn.

e. Frame Agreement between MegaFon and MegaLabs JSC, the Company's wholly owned subsidiary, to the total amount of RUB 11.1 Bn.

f. Additional agreements to Frame Agreements made between MegaFon and its subsidiaries for rendering book-keeping, tax accounting, financial control and treasury services as well as HR records and management services, to the total amount of RUB 0.5 Bn.

g. Approval of participation of MegaFon in AMALIOR HOLDINGS LIMITED, a company incorporated in the Republic of Cyprus with registered number HE 531501, principal office at: Poseidonos 1, Ledra Business Centre, Egkomi, 2406, Nicosia, Cyprus, by acquisition of a stake up to 70% AMALIOR HOLDINGS LIMITED shares from MGL MAIL.RU EQUITY LIMITED, a company incorporated in the Republic of Cyprus with registered number HE 31534, principal office at: Vashiotis Seafront, 28th October Street 365, Office 402, Neapoli 3107, Limassol, Cyprus.