Moscow CableCom Corp. Announces Subscriber Growth Numbers for June 2006

Moscow CableCom Corp. Announces Subscriber Growth Numbers for June 2006

NEW YORK, July 17 /PRNewswire-FirstCall/ -- Moscow CableCom Corp. (NASDAQ:MOCC) today announced the growth of its homes passed network and growth in the number of active subscribers for its broadband services in Moscow as of June 30, 2006:

June 30, May 31, Change Percent
2006 2006 (1 month) Change
Homes passed 531,274 481,159 50,041 11.6%

Terrestrial
Broadcasting
subscribers 112,840 106,806 6,034 5.9%
% Saturation 21.2% 22.2%

Pay TV subscribers 30,450 27,476 2,974 11.8%
% Saturation 5.7% 5.7%

Internet subscribers 56,624 54,468 1,796 3.5%
% Saturation 10.6% 11.3%

YTD
December Change Percent
31, 2005 (6 months) Change
Homes passed 325,954 205,320 63.0%

Terrestrial
Broadcasting
subscribers 85,994 26,846 31.2%
% Saturation 26.4%

Pay TV subscribers 15,618 14,832 95.0%
% Saturation 4.8%

Internet subscribers 34,600 21,664 62.6%
% Saturation 10.6%

Mikhail Smirnov, Chief Executive Officer, stated, "We are very pleased with our progress in the midst of our seasonally slow growth period. June's results, net of seasonal deactivations, continued to exhibit strong increases. During the past twelve months, we have grown our network by more than 135% and our active Internet subscriber base by more than 166%; while the number of our active pay TV subscribers has increased by more than 375%. We remain confident in achieving our business plan as we continue to accelerate the growth of our 'homes passed' network through efforts coordinated with COMCOR, which has ensured available connections to its fiber optic network during this period. We believe the relative growth of our active subscriber base during these summer months will compare favorably with that of the past several years, due to marketing programs that have resulted in lower levels of inactive customers as compared to prior years, and we will be well positioned to continue our rapid subscriber growth when the seasonally slow period has passed."

About Moscow CableCom

Moscow CableCom Corp (Nasdaq NM: MOCC) is the US-based parent of a Moscow, Russia-based company that provides access to pay-TV and Internet services under the brand name "AKADO." AKADO is in the process of expanding its hybrid fiber-coaxial network in Moscow to provide residential and business customers with comprehensive broadband services in digital cable TV and radio, and high-speed data transmission and Internet access. The Company has licenses to provide its services to 1.5 million homes and businesses in Moscow, through its proprietary agreements for use of the Moscow Fiber Optic Network (MFON), the largest high-speed transportation network in Moscow. For more information on Moscow CableCom Corp. and AKADO, visit: http://www.moscowcablecom.com/ and http://www.akado.ru/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release may contain "forward-looking statements," as the phrase is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may contain words such as "expects," "anticipates," "plans," believes," "projects" and words of similar meaning. These statements relate to our future business and financial performance, including AKADO's development, including its ability to attract new subscribers, to continue to expand its network, to achieve positive cash flow and its ability to raise funds for AKADO's development. These statements are based on management's best assessment of Moscow CableCom's and AKADO's strategic and financial position and of future market conditions and trends and involve substantial risks and uncertainties. The actual outcome may differ materially from these statements. Certain factors that could cause actual results to differ materially from those discussed in any forward-looking statements, including lack of operating history of AKADO, liquidity difficulties, developments in the marketplace for cable services in Moscow, Russia, technological changes, operating in the Russian Federation, including general economic, political, social and tax conditions and legislative and regulatory matters affecting the cable industry, and changes in generally accepted accounting principles are described in the our Annual Report on Form 10-K for the year ended December 31, 2005 and other public filings made by us with the Securities and Exchange Commission, which descriptions are incorporated herein by reference. There may be other risks that we have not described that may adversely affect our business and financial condition. We disclaim any obligation to update developments of these risks or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.

Web sites: http://www.moscowcablecom.com
http://www.akado.ru

Source: Moscow CableCom Corp.

CONTACT: Tate Fite, Chief Financial Officer of Moscow CableCom Corp.,
+7-495-737-5177, tate.fite@moscowcablecom.com; or Barbara Cano of Breakstone
Group International, +1-646-452-2334, bcano@breakstone-group.com, for Moscow
CableCom Corp.

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