Bonds

MTS has two Eurobonds currently trading on the Luxembourg Stock Exchange amounting to $400 million each with maturities in 2010 and 2012. The third Eurobond is traded on the Irish Stock Exchange amounting to $750 million with maturity in 2020.

Credit rating agencies Fitch, Moody's and Standard & Poor's have assigned the following ratings to the Company’s debt:

Credit Ratings:

Moody’s	Ba2, outlook stable
S&P	BB, outlook positive
Fitch	BB+, outlook stable