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Moscow, Russia – November 17, 2008 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 67 Russian cities, today announced that all of the share options allocated under its 2006-2008 incentivisation programme have been exercised.

November 13, 2008, Moscow. COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the leading supplier of integrated telecommunication solutions in Russia and the CIS announced of the accomplished building of multi-service data network based on NGN solutions (Next Generation Network) for OOO COMSTAR-Ukraine, a subsidiary of COMSTAR-UTS in the Ukraine.

November 11, 2008, Moscow. COMSTAR – United TeleSystems (OAO COMSTAR-UTS, LSE: CMST), the leading supplier of integrated telecommunication solutions in Russia and the CIS, received a notice from Federal Service for Supervision in the Sphere of telecom and mass communications (Rossvyazcomnadzor) to the effect that a number of licenses has been granted to the operator allowing to provide communication services at the territory of Ryazan Region.

November 6, 2008, Moscow, Tyumen. COMSTAR – United TeleSystems (OAO COMSTAR-UTS, LSE: CMST), the largest integrated telecom services operator in Russia and the CIS announced that OAO “Tyumenneftegazsvyaz” (TNGS), a subsidiary of OAO COMSTAR-UTS in Uralsky Federal District has accomplished a roll-out and commissioned for test operation a backbone microwave relay link (MWRL) in Khanty-Mansi Autonomous District (KHMD) of Tyumen Region.

October 28 2008, Moscow, Tyumen. COMSTAR – United TeleSystems (OAO COMSTAR-UTS, LSE: CMST), the largest integrated telecom services operator in Russia and the CIS announced that OAO “Tyumenneftegazsvyaz” (TNGS), a subsidiary of OAO COMSTAR-UTS in Uralsky Federal District provided modern high-quality communication services for the industrial zone of one of the largest oil producing cities, Surgut.

October 27 2008, Moscow, Tyumen. COMSTAR – United TeleSystems JSC (COMSTAR-UTS, LSE: CMST), the largest integrated telecom services operator in Russia and the CIS announced that OAO “Tyumenneftegazsvyaz” (TNGS), a subsidiary of OAO COMSTAR-UTS in Uralsky Federal District has accomplished a roll-out of telecommunication network for the municipal cultural institution (MCI) “Municipal Library" in the city of Nefteyugansk.

October 22 2008, Moscow: COMSTAR – United TeleSystems (OAO COMSTAR-UTS), the leading operator of integrated telecom services in Russia and the CIS represents a common exposition of COMSTAR-UTS Company Group at the 8th annual international exhibition and forum of information technologies "InfoKom-2008" to be held October, 22 through 25 in "Krokus Ekspo" International Exhibition Centre.

October 21 2008, Moscow. Today, in Yerevan (Armenia) an official ceremony of launching a nation-wide wireless communication WiMAX network took place.

Moscow, Russia – October 21, 2008 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 67 Russian cities, today announced that it has launched a wireless broadband network based on the 802.16e standard WiMAX technology in Armenia and introduced the “Comstar” brand in the local market.