CenterTelecom Lists ADRs on Frankfurt and Berlin Stock Exchanges

CenterTelecom Lists ADRs on Frankfurt and Berlin Stock Exchanges

MOSCOW, July 28/PRNewswire-FirstCall/ -- CenterTelecom (RTS: ESMO, ESMOP, MICEX: CTEL, CTELP and US OTC: CRMUY) is
pleased to announce the listing of its Level 1 ADRs (American Depositary
Receipts) on the Frankfurt and Berlin stock exchanges, effective from 28 July
2005.

Commenting on the listings, Ruben Amaryan, General Director of
CenterTelecom said: "I am delighted that CenterTelecom has successfully
listed on the Frankfurt and Berlin stock exchanges. Germany is an important
European financial center. I believe this is a significant step towards
expanding our European shareholder base and introducing further liquidity in
our shares."

The international codes for CenterTelecom's ADRs are:

ISIN: US15548M1080
WKN: 798404
RIC: - CRMUy.F (Frankfurt SE)
- CRMUy.BE (Berlin SE)

CenterTelecom's Level 1 ADRs are included in <<Freiverkehr>> market
segment (<<free circulation>>).

Circulation of CenterTelecom's ordinary shares (state registration
number: 1-04-00194-A dated December 16, 2005) outside the Russian Federation
in the form of ADR, and in number of 623 312 699 units from the total
ordinary shares issue of 1 578 006 833 units, is authorized by the FFMS
(Federal Financial Markets Service of Russia) Decree #05-58 dated January 19,
2005. One ADR equals 100 ordinary shares of CenterTelecom. At the moment
about 1.5% of the total number of the ordinary shares participate in the ADR
program. JPMorgan Chase Bank is the depositary bank.

About CenterTelecom

CenterTelecom is the leading fixed-line telecommunications operator in
the Central Federal District of Russia, providing the whole range of
communication services to more than 20% of the Russian population, including
telephony, Internet, IP-telephony, data transmission and on-air radio
broadcasting and cable TV.

This news release originated with Russia Newswire
(www.russianewswire.net)

For more information, please visit www.centertelecom.ru

Source: CenterTelecom

Elena Romskaya, Director of Securities and Corporate Governance Department, +7-(095)-793-2319, esidorovich@centertelecom.ru, Andrei Kalinchenko, Head of Investors Relations Division, +7-(095)-793-2340, kalin@centertelecom.ru. Yana Lavrentyeva, Director of Information Policy Department, +7-(095)-793-24-86, pr@centertelecom.ru

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