Quarterly report

3.5. Issuer’s subsidiaries and associates

1) Full registered name: “Armavirskiy zavod svyazi” Closed Joint –Stock Company

Abbreviated name: “Armavirskiy zavod svyazi”ACJSC

Location: 1a, Urupskaya Str., Armavir, Krasnodar Krai, 352903

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 50% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 100 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 100%

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or affiliate: no such share

Basic areas of business of the company: cable production

The company’s importance for the issuer’s business activity: business activity of the company is important in respect to consolidation of financial results, the Issuer is one of the main consumers of the plant’s production.

Personal membership of the Board of Directors:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Lavrinenko Vyacheslav Sergeevich	1971	none	none
Rodin Yegor Yegorovich (Chairman)	1959	none	none
Cherykov Yaroslav Yurievich	1974	none	none
Korobskoy Vladislav Vladimirovich	1974	none	none
Kochubeev Yuriy Alekseevich	1975	none	none

Personal membership of the collective executive body:

Collective executive body is not stipulated by the constituent documents of the commercial organization.

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Kuskov Vasiliy Grigoryevich	1947	0.0525	0.0658

2) Full registered name: “Yugsvyazstroy” Closed Joint –Stock Company

Abbreviated name: “Yugsvyazstroy” CJSC

Location: 110/1, Aivazovskogo Str., Krasnodar, 350040

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 50% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 100 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 100%

Share of the subsidiary or affiliate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: construction services

The company’s importance for the issuer’s business activity: business activity of the company is important in respect to consolidation of financial results. “Yugsvyazstroy” CJSC is one of the main contractors for construction of communication facilities.

Personal membership of the Board of Directors:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Lavrinenko Vyacheslav Sergeevich	1971	none	none
Kovalskaya Irina Vladimirovna	1957	none	none
Rzhevsky Yevgeny Borisovich	1971	none	none
Rodin Yegor Yegorovich	1959	none	none
Cherykov Yaroslav Yurievich	1974	none	none

Personal membership of the collective executive body:

Collegiate executive body is not stipulated by the constituent documents of the commercial organization

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Kurochkin Valery Petrovich	1954	none	none

3) Full registered name: “Recreation center “Orbita” Open Joint –Stock Company

Abbreviated name: “Recreation center “Orbita” OJSC

Location: Olginka, Tuapse district, Krasnodar Territory, 352840

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 50% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 100 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 100%

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: recreation services

The company’s importance for the issuer’s business activity: business activity of the company is important in respect to consolidation of financial results.

Personal membership of the Board of Directors:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Olga Yurievna Polulyakhova	1970	none	none
Natalia Yurievna Belyakova	n/d	none	none
Mikhail Gennadievich Kaminsky	1979	none	none
Alexander Anatolievich Dobryakov	1972	none	none
Rodin Yegor Yegorovich	1959	none	none

Personal membership of the collegiate executive body:

Collegiate executive body is not stipulated by the constituent documents of the commercial organization

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Konstantin Vladimirovich Yevtushenko	1969	none	none

4) Full registered name: “Intmashservice” Limited Liability Company

Abbreviated name: “Intmashservice” Ltd.

Location: 8, Golubinskaya Str., Volgograd, 400131

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 50% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 100 %

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: Maintenance and repair of communication facilities

The company’s importance for the issuer’s business activity: “Intmashservice” Ltd. provides to the Issuer the services on delivery of messages, construction services, services on maintenance of cash registers as well as services on production of products for construction and major overhaul of linear - cable facilities.

Personal membership of the Board of Directors:

Board of Directors is not stipulated by the constituent documents of the commercial organization

Personal membership of the collective executive body:

Collegiate executive body is not stipulated by the constituent documents of the commercial organization

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Klitochenko Igor Vladimirovich	19601960	0.00044	0.00052

5) Full registered name: “Faktorial-99” Limited Liability Company

Abbreviated name: “Faktorial-99” Ltd.

Location: 47, Bratskiy per., Rostov-on-Don, 344082

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 50% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 100 %

Share of the subsidiary or associate in the Issuer's authorized capital: 0.0000471%

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: Trading and agency, consulting services.

The company’s importance for the issuer’s business activity: business activity of the company is insignificant in respect to consolidation of financial results.

Personal membership of the Board of Directors:

Board of Directors is not stipulated by the constituent documents of the commercial organization

Personal membership of the collective executive body:

Collective executive body is not stipulated by the constituent documents of the commercial organization.

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Krukhmalev Andrey Vladimirovich	1970	none	none

6) Full registered name: “UTK-Finance” Limited Liability Company

Abbreviated name: “UTK-Finance” LLC

Location: 66, Karasunskaya Str., Krasnodar, 350000

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 50% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 100 %

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: financial operations

The company’s importance for the issuer’s business activity: business activity of the company is insignificant in respect to consolidation of financial results, but significant in respect to structuring of the bond issues.

Personal membership of the Board of Directors:

Board of Directors is not stipulated by the constituent documents of the commercial organization

Personal membership of the collegiate executive body:

Collegiate executive body is not stipulated by the constituent documents of the commercial organization.

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Rodin Yegor Yegorovich	1959	none	none

7) Full registered name: “Kuzminov Stavtelecom” Open Joint –Stock Company

Abbreviated name: “Kuzminov Stavtelecom” OJSC

Location: 10/12, prospect Oktyabrskoy revolutsii, Stavropol, Stavropol Territory, 355035, Russia

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 50% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 100 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 100%

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: local telephone services (urban and rural), inter-city telephony

The company’s importance for the issuer’s business activity: business activity of the company is important in respect to consolidation of financial results.

Personal membership of the Board of Directors:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Dubchuk Vitaly Ivanovich (Chairman)	1959	0.00014	none
Bekasov Kirill Borisovich	1959	none	none
Khudoliy Elena Grigorievna	1971	none	none
Lezhnina Julia Yurievna	1974	none	none
Zavyazkin Roman Alexeevich	1974	0.00001	none
Korobskoy Vladislav Vladimirovich	1974	none	none
Rodin Yegor Yegorovich	1959	none	none
Begalieva Elena Vladimirovna	1962	none	none
Kaminsky Mikhail Gennadievich	1979	none	none

Personal membership of the collective executive body:

Collective executive body is not stipulated by the constituent documents of the commercial organization.

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Zemtsev Alexander Vladimirovich	1957	0.00203	0.0019

8) Full registered name: “Volgograd-GSM” Closed Joint –Stock Company

Abbreviated name: “Volgograd-GSM” CJSC

Location: 19d, Kommunisticheskaya Str., Volgograd, Russian Federation, 400131

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 20% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 50 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 50%

Share of the subsidiary or associate in the Issuer's authorized capital: 0,0150%

Share of the Issuer’s common stock owned by the subsidiary and/or associate: 0,0039618%

Basic areas of business of the company: cellular services of GSM-900/1800 standard

The company’s importance for the issuer’s business activity: The company operates in the market segment which is among UTK’s priorities.

Personal membership of the Board of Directors:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Statuev Vladislav Andreevich	1956	none	none
Kiryushin Gennadi Vasilyevich	1949	none	none
Bulguchev Ruslan Magometovich	1960	none	none
Schepilov Andrey Andreevich	n/d	none	none
Girev Andrei Vitalyevich	1973	none	none
Skvortsov Boris Vladimirovich	1941	none	none

Personal membership of the collegiate executive body:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Vetyutnev Alexander Mikhailovich (chairman)	1948	none	none
Yushkin Sergei Vasilievich	1968	none	none
Bychenkova Tatiana Vyacheslavna	1957	none	none
Naboka Mikhail Viktorovich	1978	none	none
Krutov Sergey Borisivich	1961	none	none
Taldikin Dmitri Vladimirovich	1972	none	none

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Vetyutnev Alexander Mikhailovich	1948	none	none

9) Full registered name: “Stavropolskaya Sotovaya svyaz” Closed Joint –Stock Company

Abbreviated name: “SSS” CJSC

Location: 10/12, prospect Oktyabrskoy revolutsii, Stavropol, Stavropol Territory, 355035, Russia

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 20% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 50 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 50%

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: cellular services of AMPS-800 standard

The company’s importance for the issuer’s business activity: The company operates in the market segment which is among UTK’s priorities.

Personal membership of the Board of Directors:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Pshenichnaya Lyudmila Ivanovna	1948	0.00375	0.00078
Skoblikov Vladimir Eduardovich	1972	none	none
Zavyazkin Roman Alekseevich	1974	none	none
Bizyaeva Natalia Petrovna	1977	none	none
Korobskoy Vladislav Vladimirovich	1974	none	none
Lyakh Dmitriy Georgievich	1978	none	none

Personal membership of the collegiate executive body:

Collegiate executive body is not stipulated by the constituent documents of the commercial organization

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Sotnikov Yuriy Alekseevich	1974	none	none

10) Full registered name: “ZanElCom” Closed Joint –Stock Company

Abbreviated name: “ZanElCom” CJSC

Location: 7/2, Novolesnaya Str., Moscow, 103055, Russia

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 20% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 45 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 45%

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: information services based on data transmission and switching methods

The company’s importance for the issuer’s business activity: business activity of the company is unimportant in respect to consolidation of financial results.

Personal membership of the Board of Directors:

Board of Directors has not been elected

Personal membership of the collegiate executive body:

Collective executive body has not been elected
Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Yermokhin Andrey Dmitrievich	1954	none	none

11) Full registered name: “Yug-Giprosvyaz” Limited Liability Company

Abbreviated name: “Yug-Giprosvyaz” LLC.

Location: 67, Gagarin Str., Krasnodar, 350062

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 20% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 24 %

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: technological designing of communication facilities including trunk engineering networks

The company’s importance for the issuer’s business activity: “Yug-Giprosvyaz” LLC is one of the Issuer’s main designers of communication objects and facilities including trunk engineering networks.

Personal membership of the Board of Directors:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Kurashova Valentina Viktorovna	1952	none	none
Kovalskaya Irina Vladimirovna	1957	none	none
Karmazin Gennady Lvovich	n/d	none	none
Sysoev Alexander Abramovich	1949	none	none
Sadkov Sergey Valentinovich	n/d	none	none

Personal membership of the collegiate executive body:

Collegiate executive body is not stipulated by the constituent documents of the commercial organization

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Salyukov Vladimir Vasilyevich	1954	none	none

12) Full registered name: “Telekinokompaniya IR” Closed Joint –Stock Company

Abbreviated name: “Telekinokompaniya IR” CJSC

Location: 2-a, Osetinskaya gorka Str., Vladikavkaz, RSO-A, 362007

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 20% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 23.5 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 23.5%

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: Commercial broadcasting of TV and radio programs

The company’s importance for the issuer’s business activity: business activity of the company is unimportant in respect to consolidation of financial results.

Personal membership of the Board of Directors:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Gioyev Vladislav Akhmetkhanovich	1959	none	none
Tabolov Sergey Soltanbekovich	1972	none	none
Kabisova Irina Khazbievna	1974	none	none
Obukhan Mikhail Ivanovich	1952	none	none
Lychak Irina Vladimirovna	1975	none	none

Personal membership of the collegiate executive body of this commercial organization:

Collegiate executive body is not stipulated by the constituent documents of the commercial organization.

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Dzheliev Robert Akhsarbekovich	1963	none	none

13. 
    Full registered name: Closed Joint –Stock Company “Kabardino-Balkarsky GSM”
    

Abbreviated name: CJSC "КB GSM"

Location: 14, Shogentsukova Str., Nalchik, 360051

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 20% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 20 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 20 %

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: cellular services of GSM 900 standard

The company’s importance for the issuer’s business activity: The company operates in the market segment which is among UTK’s priorities.

Personal membership of the Board of Directors:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Shmatova Elena Alexandrovna	n/d	none	none
Pryanishnikov Nikolay Nikolaevich	n/d	none	none
Titkov Alexander Viktorovich	n/d	none	none
Afinogenov Dmitry Yurievich	n/d	none	none
Komov Nikolay Fyodorovich	1954	none	none

Personal membership of the collegiate executive body of this commercial organization:

Collegiate executive body is not stipulated by the constituent documents of the commercial organization.

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Shukhostanov Marat Amdul khamidovich	1973	none	none

14. 
    Full registered name: Closed Joint –Stock Company “Karachaevo-CherkesskTeleSot”
    

Abbreviated name: CJSC “KChTS”

Location: 147, Lenin the Prospectus on the bond issue., Cherkessk, 369001

Ground, on which the company is considered a subsidiary or associate of the issuer:

Stock holding over 20% in the authorized capital of the subsidiary

Issuer's share in the authorized capital of the subsidiary or associate: 20 %

Portion of ordinary shares of the subsidiary or associate owned by the Issuer: 20 %

Share of the subsidiary or associate in the Issuer's authorized capital: none

Share of the Issuer’s common stock owned by the subsidiary and/or associate: no such share

Basic areas of business of the company: cellular services of GSM 900 standard

The company’s importance for the issuer’s business activity: The company operates in the market segment which is among UTK’s priorities.

Personal membership of the Board of Directors

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Shmatova Elena Alexandrovna	n/d	none	none
Pryanishnikov Nikolay Nikolaevich	n/d	none	none
Titkov Alexander Viktorovich	n/d	none	none
Afinogenov Dmitry Yurievich	n/d	none	none
Komov Nikolay Fyodorovich	1954	none	none

Personal membership of the collegiate executive body of this commercial organization:

Collegiate executive body is not stipulated by the constituent documents of the commercial organization.

Person acting as a sole executive organ:

Name	Year of birth	Share in the Issuer's authorized capital, %	Share of the Issuer’s voting shares, %
Akbashev Alexander Ayubovich	1937	none	none