Ukrtelekom PAT Stock UKRAINIAN STOCK EXCHANGE

Ukrtelekom PAT (until June 17, 2011 Ukrtelecom VAT), is a Ukraine-based telecommunication operator. Its portfolio of services is divided into five business segments: mobile services, enterprises, customers, corporate clients, and operators and providers. Through these units, the Company offers such services as: Internet, local and international telephony, long-distance telephone communication, videoconferencing, long talks, pay-phone service, prepaid VSEsvit card service, as well as digital telecommunication channels, among others. In addition, Ukrtelecom VAT is a co-owner of various international submarine transmission systems, including: APRODITE-2, BALTICA, COLUMBUS III, FLAG, ODIN, SEA-ME-WE 3, UGARIT, and others. It is also a member of TEL and TAE (Trans-Asia-Europe fiber-optical cable system) projects. It provides its services in Europe, Asia, Africa and North America. The Company’s major shareholder is System Capital Management with a stake of 92.79%.