MOBILE TELESYSTEMS FINANCE S.A.: Statements of Responsible Persons (Adjusted)

Regulatory News:

MOBILE TELESYSTEMS FINANCE S.A.
11-13 Boulevard Grand Duchesse Charlotte
L- 1331 Luxembourg
(the "Company”)
STATEMENTS OF RESPONSIBLE PERSONS
(ADJUSTED)

Olga NIKONOVA, Director, residing 109147, Russia, Moscow, Vorontsovskaya, bld. 5–2;

and

Ella BOGOSLAVSKAYA, Director, residing 109147, Russia, Moscow, Vorontsovskaya, bld. 8–4a; and

Sergey MOLODTSOV, Director, residing 109147, Russia, Moscow, Vorontsovskaya, bld. 5–2,

state that to the best of their knowledge, the financial statements of Mobile TeleSystems FINANCE S.A. of operations for the year ended December 31, 2010, prepared in accordance with the applicable set of accounting standards give a true and fair view of the assets and liabilities, the financial situation and the profits and losses of MOBILE TELESYSTEMS FINANCE S.A. and the undertakings includes in the consolidation taken as a whole and that the Management report includes a fair review of the development and performance of business and the position of the MOBILE TELESYSTEMS FINANCE S.A. and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.

Signed by
The board of directors:

Ella BOGOSLAVSKAYA, Director
Olga NIKONOVA, Director
Sergey MOLODTSOV, Director