Rostelekom Adr Regulatory News (RKMD)

Sergei Anokhin appointed as the Senior Vice-President of Rostelecom

April 5, 2017, Moscow - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY) today announces that Sergei Anokhin has been appointed as the Company's Senior Vice-President. In his new position, he will be primarily responsible for a number of areas including strategic planning and coordination of activities on strategy implementation, M&A and Investor Relations. Sergei will also be responsible for the implementation of innovative development and operating efficiency programmes, as well as for projects relating to the transformation of Rostelecom's business.

Sergei Anokhin was born in Moscow in 1979. He graduated from Plekhanov Russian University of Economics with a Degree in Finance and Credit. Prior to joining Rostelecom, Mr. Anokhin had a successful career in high tech and banking sectors that spanned 17 years. His professional path started as a consultant and head of projects undertaken to implement planning and financial reporting systems in a SAS company, which culminated in a role as head of financial sector practice. In 2007 he moved to the banking sector as a Vice-President and head of department, and later in 2011, as a Vice President and deputy CFO at VTB24 retail bank.

In 2014 Mr. Anokhin joined VTB parent bank as a Senior Vice President and CFO of the newly established unit for mid-sized business sector at VTB. He also served as the head of economic planning at the Bank of Moscow, where he was responsible for integration of processes, systems and staff during the merger of Bank of Moscow and VTB bank in 2015-2016. Sergei Anokhin was directly involved in creating and executing both institutions' strategies.

Mikhail Oseevsky, CEO of Rostelecom commented: 'I am delighted that Sergei Anokhin is joining the Rostelecom management team. The business areas he is set to develop cover strategy, business transformation as well as identification of additional economic benefits and synergies. Sergei Anokhin's solid track record and professional skills will significantly contribute to the fulfilment of those targets, which require a systemic approach and efficient project management'.

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Rostelecom (www.rostelecom.ru) is one of the largest national telecommunications operators in Russia and Europe. The Group operates in all segments of the telecommunications market and covers millions of households in Russia.

Rostelecom is an undisputable leader of the broadband and pay-TV markets in Russia with over 12.3 million fixed-line broadband subscribers and over 9.3 million pay-TV subscribers, over 4.2 million of which are subscribed to Rostelecom's IPTV services.

The Group generated RUB 297.4 billion of consolidated revenues, RUB 96.8 billion of OIBDA (32.5% of revenue) and RUB 12.2 billion of net income in 2016.

The Group is a market leader in providing telecommunications services to government bodies and corporates of all levels. It is also an important innovator that provides solutions in the field of medicine, E-Government, cloud computing, education, security and housing & utility services.

Stable financial position of Rostelecom is confirmed by international credit ratings by Fitch Ratings at 'BBB-' and Standard & Poor's and 'BB+' respectively.