ALMATY, Kazakhstan -- JSC KazakhTelecom (“KazakhTelecom”) would like to announce that itis currently exploring options to dispose its 51% stake in Mobile Telecom-Service LLP (“Neo”) inline with its strategy and asset restructuring program approved by its Board of Directors andaimed at consolidation of its businesses and optimised use of its resources. KazakhTelecom isseeking potential strategic parties that would be interested in acquiring its stake in Neo.

KazakhTelecom has appointed RBS Corporate Finance Limited as its financial adviser with respect to this process.

Consequently, KazakhTelecom is inviting all parties who are interested in receiving additional information on the Neo investment opportunity and sale process to contact, in writing or by email (in Russian and / or English) the following person at RBS Corporate Finance Limited:

Alexander Lukin,
RBS Corporate Finance Limited,
135 Bishopsgate,
EC2M 3UR,
London,
Great Britain
Telephone: + 44 20 7678 8049
Facsimile: + 44 20 7678 6537
E-mail: [email protected]
Copy: [email protected]

KazakhTelecom