Open Joint Stock Co Electrosvyaz of Novosibirsk Region /Adr/ Sample Contracts

AMENDMENT NO. 1 TO DEPOSIT AGREEMENT
Deposit Agreement • June 3rd, 2008 • Open Joint Stock Co Electrosvyaz of Novosibirsk Region /Adr/ • American depositary receipts • New York

AMENDMENT NO. 1 dated as of June , 2008 (the "Amendment") to the Deposit Agreement dated as of September 4, 2001 as amended and restated as of November 9, 2001 (as so amended and restated, the "Deposit Agreement"), among OJSC Sibirtelecom (fka OJSC Electrosvyaz of Novosibirsk Region) (the "Company"), incorporated under the laws of The Russian Federation, JPMorgan Chase Bank, N.A. (fka Morgan Guaranty Trust Company of New York), as depositary (the "Depositary"), and all Holders from time to time of American Depositary Receipts ("ADRs") issued thereunder.

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