Issue information:

• Issuer, issue number:	North West Telecom, 3
• Income calculation:	Date of trades Price %
• Type of bond:	Domestic bonds
• Redemption type:	Amortized
• Issue status:	outstanding
• Offering:	public
• Par, currency of issue:	RUR, 1000
• Amount:	3 000 000 000
• Registration date:	Dec 28 2004
• State registration number:	4-03-00119-А
• ISIN:	RU000A0DZQM6
• Start of placement:	Mar 03 2005
• End of placement:	Mar 03 2005
• Issue price:	100
• Coupon:	1-12 coupons: 9.25% p.a. 13 coupon will be det prior to 12 coupon installment date 14-24coupons match the 13th one
• Coupon frequency:	4 time(s) per year
• Maturity date:	Feb 24 2011
• Early redemption terms:	on 5th working day since 12 coupon installment date at par, date: 06.03.08, price: 100.
• Arrangers:	Lead: Web Invest Bank Co-lead: Svyazbank Co-underwriters: VTB, Gazprombank, Promsvyazbank, Soyuz Bank, Bank of Moscow, All Russia Development and Reconstruction Bank, Evrofinance Mosnarbank, Centrocredit Bank, Raiffeisenbank Austria, MIB, Russian International Bank, ING Bank (Evrasia), ICB, Nomos Bank, Uralsib, Region Brokage Company
• Trading floor, listing category:	MICEX (A1),RTS
• Issue ratings: (rating history)	Fitch Ratings A(rus) National Scale (Russia) 06/21/2006
• Additional information:	AVK is the issue financial advisor. Guaranteed by SZT Finance. Partial redemption: 1. 1820th day since the bonds placement starting date – 30% of par 2. 2002nd day since the bonds placement starting date – 30% of par 3. 2184th day since the bonds placement starting date – 40% of par
• Issue conference:	View
• Investment banks:	Lead manager: KIT Finance Investment Bank Co-lead manager:  Sviaz-Bank Co-underwriter(s):  VTB ING Wholesale Banking Russia Region Group  FK URALSIB  NOMOS-BANK VTB Bank North-West UniCredit Bank Bank Centrokredit  Raiffeisen Bank  Evrofinance Mosnarbank RRDB Promsvyazbank Soyuz Bank  Bank of Moscow Gazprombank  Russian International Bank

Borrower:

• Issuer:	North West Telecom
• Full issuer name:	open joint stock company North West Telecom
• Country:	Russia
• Web site:	http://www.nwtelecom.ru/
•Other issues of the issuer:	North West Telecom, 5 - Domestic bonds  North West Telecom, 6 - Domestic bonds  North West Telecom, 4 - Domestic bonds  North West Telecom, 2 - Domestic bonds  North West Telecom, 1 - Domestic bonds All issues of the issuer
• Issuer profile:	The open joint-stock company North-West Telecom is one of the leading telecom companies in Russia. North-West Telecom provides a wide range of telecommunication services on the territory of the North- ...
• Industry:	Communication
Issuer ratings: » rating history Standard&Poor's BB-/Stable Int. Scale (foreign curr.) 01/21/2008 Standard&Poor's BB-/Stable Int. Scale (loc. curr.) 09/27/2006 Standard&Poor's ruAA- National Scale (Russia) 01/21/2008 Fitch Ratings BB-/Stable Int. Scale (foreign curr.) 09/25/2008 Fitch Ratings A(rus)+/Stable National Scale (Russia) 09/25/2008 National Rating Agency BBB+ National scale (Russia) 07/06/2007
Complete profile

Financial accounting:

Quarterly FFMS Reports:

Trading info (MICEX, Dec 31 2008):

Payment schedule:

COMMENTS: