Gars Telecom consolidated revenues in 1H, 2008 is 258’315’480 rubles that 36,3% more than for the same period of the last year when the Company earned 189’563’964 rubles. The revenues growth allows forecasting the half of a billion by the 2008 year results.

IQ-based services traditionally the leading by the revenues. They are telecom-outsourcing, consulting and also integration However, this group share has been showing stable growth for the last 4 years. By the 1H results this is 36,7%.

Revenues from data transmission and internet access services saved the double growth for the last year. By the first half of the results this is 34,1%.

The Company revenues from the traditional telephony and fixed mobile convergence services rendering as well saved the point of the previous year rate as 29,2% against 28,8% the year before. In money terms in 1H 2008 the Company obtained the 1Q more — 75’418’120 rubles.

The 1 half brought the new statuses for Gars Telecom. Firstly, Gars Telecom saves the position in TOP20 of the largest Russian IT consultants (on the 18th position by the 2007 results released by CNews Analitycs within the bounds of the “IT —services market: consulting, integration, outsourcing 2007”). Secondly, by the 2007 year results Gars Telecom on the 3d position of the TOP10 among the “Leaders in telecom rendering field” released by Expert RA.

Press-release