Issue information:

• Issuer, issue number:	North West Telecom, 5
• 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:	Oct 23 2007
• State registration number:	4-05-00119-À
• ISIN:	RU000A0JPS91
• Start of placement:	May 27 2008
• End of placement:	May 27 2008
• Date of circulation start:	Jul 08 2008
• Issue price:	100
• Coupon:	Coupon rate for coupon 1 is calculated as the sum of: - MosPrime Rate for 3 months, set on the last workday before placement launch; - margin over MosPrime Rate for 3 months. Coupon rate for coupons 2-20: MosPrime Rate + the margin, not higher than naximun rate set by the company before placement launch.
• Coupon frequency:	4 time(s) per year
• Floating rate:	Yes
• Reference rate:	3M MOSPRIME
• Settlement date:	May 27 2008
• Maturity date:	May 21 2013
• Early redemption terms:	In Russian Only, date: 01.06.10, price: 100, type: PUT.
• Arrangers:	Arranger: Sviaz-Bank, financial consultant: Bank Saint Petersburg
• Trading floor, listing category:	MICEX (A1)
• Issue ratings: (rating history)	Standard&Poor's ruAA- National Scale (Russia) 05/20/2008 Fitch Ratings A(rus)+ National Scale (Russia) 07/03/2008
• Additional information:	Bonds with possibility of early redemption from day 728 to day 729 from launch. Amortization: day 1456 from placement launch.
• Investment banks:	Lead manager(s):  Sviaz-Bank  Raiffeisen Bank Co-lead manager(s): Dresdner Kleinwort Russia  Absolut Bank ING Wholesale Banking Russia  NOVIKOMBANK  Petrocommerce Bank Underwriter(s): Ñommerzbank (Eurasija)  Alfa Bank  BFA  Kapital IG Region Group TransCreditBank  Sberbank of Russia Sberbank Co-underwriter(s):  AK BARS Bank  IC RUSS-INVEST Transcapitalbank OTKRITIE Financial Corporation  FK URALSIB UniCredit 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, 6 - Domestic bonds  North West Telecom, 4 - Domestic bonds  North West Telecom, 3 - 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: