VivaCell-MTS continues implementing the series of public lectures entitled “VivaCell-MTS – A Business with a Mission” at Armenia’s high educational institutions. A Memorandum of Understanding was signed between the Company and the University: VivaCell-MTS, a subsidiary of “Mobile TeleSystems” OJSC, informs that its General Manager Ralph Yirikian was hosted by the Armenian-Russian Slavonic University, met with the students and the faculty, and presented on the Company’s operational experience, managerial culture and Corporate Responsibility. Ralph Yirikian spoke about VivaCell-MTS’ successful strategy of business development, technical development of the network, human resources, marketing strategy and corporate social responsibility agenda, and answered numerous questions of the students. “You are now about to enter the real world after your University education and we are here today to add experience to your knowledge for you to better equipped. We are now living in a knowledge economy where technologies and their role are increasing rapidly. And as Armenia’s leading mobile operator, we have to invest in high educational institutions by sharing our experience”, - said VivaCell-MTS General Manager Ralph Yirikian opening up the lecture. In his one-hour lecture followed by a question and answer session, Ralph Yirikian introduced to the students the market vision of the Company and the dynamics of the Company’s development. Among the major topics of the lecture were the role of continuous innovations in the overall efficiency of the Company, including its state-of-the-art network and end products and services used by the customer. Aspects of market competition, effective marketing and network implementation strategies were also covered in the lecture. A Memorandum of Understanding was signed between the University and VivaCell MTS to establish a new cooperation. The major directions of mutual cooperation outlined in the Memorandum, are the following: organization of master’s thesis internship for graduate students in VivaCell-MTS, organization of practical lectures for students delivered by the respective specialists of the Company, implementation of joint scientific research, master’s thesis research and curriculum development projects jointly with the faculty, involvement of the Company’s specialists as Master’s thesis supervisors, etc. In addition, according to the Memorandum, the universities’ high-performing students will be given an opportunity to get specialty internship in specific areas such as commercial law, finance and accounting, marketing and sales, information technologies, customer service, etc. VivaCell-MTS (K-Telecom CJSC) is Armenia’s leading mobile operator, having the widest 2G/3.5G network reach and spreading a wide range of Voice and Data services all across Armenia. Having the best of the Armenian people interest at heart since its launch on 1st July 2005 and in a short period of time VivaCell-MTS has managed to build a nationwide network and a considerable customer base. VivaCell-MTS drives innovation and aims at always being at the forefront of any development serving the Armenian mobile communications market. For more information, visit www.vivacell.am * * * Mobile TeleSystems OJSC (“MTS”) is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 100 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS’ Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found at www.mts.ru

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