Fundamental Principles of Corporate Governance Framework

Rostelecom is guided by the following Corporate Governance principles:

• the implementation and protection of shareholders’ rights;
• the equal treatment of all shareholders;
• giving consideration to interests of stakeholders and their inclusion;
• accountability of the Board of Directors, the President and the Management Board to shareholders;
• maintaining an effective system of internal audit and control;
• financial and informational transparency of the Company;
• compliance with ethical standards of business conduct stipulated in the Code of Ethics of the Company;
• maintaining high levels of corporate social responsibility.